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Daily GBP/JPY analysis

  • #9,141
  • Jul 24, 2007 10:00am Jul 24, 2007 10:00am
Ok we might see some action on this hour trying to push through 248.50
  • #9,142
  • Jul 24, 2007 10:08am Jul 24, 2007 10:08am
Quoting auslanco
Ok we might see some action on this hour trying to push through 248.50
I am struggling to see anything really happening past the high and low of today as the CCI's on the hourly are not showing any difference from 3/4 hours ago.

Am i missing something here??
  • #9,143
  • Jul 24, 2007 10:18am Jul 24, 2007 10:18am
Quoting musicman007
I am struggling to see anything really happening past the high and low of today as the CCI's on the hourly are not showing any difference from 3/4 hours ago.

Am i missing something here??
I said that based on my momentum indicator. It a Leading indicator and it has a ability to show the market trend in advance. But it gives a correct readings only when there's enough market volume and volatality. Although CCI is one of the best indicators ever.. I think it's a lagging indicator. so you may not get the actual reading untill the price has reached that point on CCI.
  • #9,144
  • Jul 24, 2007 10:20am Jul 24, 2007 10:20am
Quoting musicman007
I am struggling to see anything really happening past the high and low of today as the CCI's on the hourly are not showing any difference from 3/4 hours ago.

Am i missing something here??
im with you..this range is frustrating..ima go scalp the motha
"it doesn't come any sharper than this!"
  • #9,145
  • Jul 24, 2007 10:21am Jul 24, 2007 10:21am
Quoting auslanco
I said that based on my momentum indicator. It a Leading indicator and it has a ability to show the market trend in advance. But it gives a correct readings only when there's enough market volume and volatality. Although CCI is one of the best indicators ever.. I think it's a lagging indicator. so you may not get the actual reading untill the price has reached that point on CCI.
Good point ! The volumes are key here and I have not looked at them. Anyone fancy doing some analysis ????
  • #9,146
  • Jul 24, 2007 10:30am Jul 24, 2007 10:30am
If we hit 248.47 that will be the third time today ( plus one that just missed), thinking about it we seem to be getting close to a tipping point on this one. Think I will put orders in at 80 long and 40 short
  • #9,147
  • Jul 24, 2007 10:43am Jul 24, 2007 10:43am
Quoting bluerose
Very funny .
tic

this morning shot in my backyard a dove trying to build its nest,

http://attach.mud.mail.yahoo.com/ca....&head=b&Idx=54


Nest builder

You shot a dove when it was trying to build it's nest ! If this is what forex does to people I'm not sure that I want to be involved.
  • #9,148
  • Jul 24, 2007 10:48am Jul 24, 2007 10:48am

did u all rely on the MT4 default volumes or u got another volumes indicator?

"Analysis Is Hard But Trade Is Easy"
  • #9,149
  • Jul 24, 2007 10:52am Jul 24, 2007 10:52am
Quoting bundubill
You shot a dove when it was trying to build it's nest ! If this is what forex does to people I'm not sure that I want to be involved.
that dove had babies. and a loving wife.
BAM BAM BOOM! -bravado
  • #9,150
  • Jul 24, 2007 10:54am Jul 24, 2007 10:54am
Quoting Se[V]eN

did u all rely on the MT4 default volumes or u got another volumes indicator?

Iam not a big fan of MT4. I use VT Trader.
  • #9,151
  • Jul 24, 2007 11:01am Jul 24, 2007 11:01am
Quoting bundubill
You shot a dove when it was trying to build it's nest ! If this is what forex does to people I'm not sure that I want to be involved.
Very funny! I rewrite it again here:

Peace to You All from a dove being shot while trying to build its nest !

I gather that the English language could be ambiguous?

http://attach.mud.mail.yahoo.com/ca....&head=b&Idx=54
Nest builder

http://www.forexfactory.com/images/misc/progress.gif

  • #9,152
  • Jul 24, 2007 11:02am Jul 24, 2007 11:02am
Still holding 248.40 for whole day Go long?
  • #9,153
  • Jul 24, 2007 11:04am Jul 24, 2007 11:04am
another failed attempt... we might see the price retrace up to 248.10is again before another attempt to go down in the later hours of NY.
  • #9,154
  • Jul 24, 2007 11:08am Jul 24, 2007 11:08am
The problem today is the daily momentum is pointing bullish.. as i pointed out to Blue Rose earlier today the pair dont have enough support from the daily. We have to wait till 1700 EST to get my next daily momentum reading. Then I will know whats going to happen tommorrow.
  • #9,155
  • Jul 24, 2007 11:13am Jul 24, 2007 11:13am
Quoting musicman007
Good point ! The volumes are key here and I have not looked at them. Anyone fancy doing some analysis ????
Here is my analysis for the day....

http://dark-wraith.com/images/bullflush0.png





"Only when the tide goes out will we know who is swimming naked."
  • #9,156
  • Jul 24, 2007 11:15am Jul 24, 2007 11:15am
Quoting pipped oFF
Here is my analysis for the day....

http://dark-wraith.com/images/bullflush0.png





  • #9,157
  • Jul 24, 2007 11:20am Jul 24, 2007 11:20am
http://www.fotosearch.com/thumb/IMZ/IMZ117/tjo0028.jpg
  • #9,158
  • Jul 24, 2007 12:41pm Jul 24, 2007 12:41pm
support & ressistance ....
Attached Image
  • #9,159
  • Jul 24, 2007 1:01pm Jul 24, 2007 1:01pm
1hr bar has to close on these levels...
Attached Image
  • #9,160
  • Jul 24, 2007 1:15pm Jul 24, 2007 1:15pm
Quoting auslanco
1hr bar has to close on these levels...
How long do you intend to stay short?
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