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Daily GBP/JPY analysis

  • #9,221
  • Jul 24, 2007 3:47pm Jul 24, 2007 3:47pm
heh.
BAM BAM BOOM! -bravado
  • #9,222
  • Jul 24, 2007 3:49pm Jul 24, 2007 3:49pm
Quoting monarch
Exited 1/2 lots earlier and now waiting for my 4 Hour candle to close at 5pm EST to re-enter around the 248.00, right at the level your seeing.

Aprreciate your continual posting and clarifications in each step the GJ takes.

My target for the re-entry lots will be 246.50, with my initial shorts from 249.85/20 riding the complete move to your expected 245.00 area.

(I need to research this level at 245.00, can you give me a few details why your looking at that range, or do you see this move down a test of the 7-11-07 support?)

Thanks Bro.

Ken

No Probs Ken.. I posted @ 9208..
  • #9,223
  • Jul 24, 2007 3:51pm Jul 24, 2007 3:51pm
big down of february.... was a perfect 50% retrace.... now it reached 123.6 extension... what do you think ?

also... the standard deviation channel.... in gray, look how the 2000 pips retracement didn't affect the slope of the trend afterwards..... isn't it a strong trend?
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  • #9,224
  • Jul 24, 2007 3:54pm Jul 24, 2007 3:54pm
Just a reminder to all, if it sounds too good to be true, check it out for yourself!!!!!!!!!!!!!!!! It might not seem like a whole lot to most of you, but I started this from the very bottom and invested wisely. It's amazing how dollar signs can cloud your vision, not to mention common sense. I didn't margin call, but still it's $4500!
  • #9,225
  • Jul 24, 2007 3:55pm Jul 24, 2007 3:55pm
Quoting emda
big down of february.... was a perfect 50% retrace.... now it reached 123.6 extension... what do you think ?

also... the standard deviation channel.... in gray, look how the 2000 pips retracement didn't affect the slope of the trend afterwards..... isn't it a strong trend?
I think Monarch is the ideal guy to get an opinion on this... I'm not a chart guy.. I'm an indicator guy
  • #9,226
  • Jul 24, 2007 3:55pm Jul 24, 2007 3:55pm
Quoting monarch
Exited 1/2 lots earlier and now waiting for my 4 Hour candle to close at 5pm EST to re-enter around the 248.00, right at the level your seeing.

Aprreciate your continual posting and clarifications in each step the GJ takes.

My target for the re-entry lots will be 246.50, with my initial shorts from 249.85/20 riding the complete move to your expected 245.00 area.

(I need to research this level at 245.00, can you give me a few details why your looking at that range, or do you see this move down a test of the 7-11-07 support?)

Thanks Bro.

Ken
Monarch,

245.20 is at the 23.6% of Weekly fibonacci, if you draw it on the chart.
  • #9,227
  • Jul 24, 2007 3:59pm Jul 24, 2007 3:59pm
Everyone's general thoughts still shorting? I just got two signals from different providers suggesting a buy in at 248 with take-profit around 250.70??
Craazy
  • #9,228
  • Jul 24, 2007 4:00pm Jul 24, 2007 4:00pm
ok its time to push down again
  • #9,229
  • Jul 24, 2007 4:02pm Jul 24, 2007 4:02pm
Interesting. I've never used a signal provider. Do you generally like their calls? Do you just use their calls to confirm your own, or do you typicaly take the signals?

Quoting craazy
Everyone's general thoughts still shorting? I just got two signals from different providers suggesting a buy in at 248 with take-profit around 250.70??
  • #9,230
  • Jul 24, 2007 4:02pm Jul 24, 2007 4:02pm
might see a slow and steady push down untill the tokyo start...
  • #9,231
  • Jul 24, 2007 4:03pm Jul 24, 2007 4:03pm
Quoting auslanco
I think Monarch is the ideal guy to get an opinion on this... I'm not a chart guy.. I'm an indicator guy
Just bump into this thread and notice that Monarch is back. Nice to see you back Monarch. Gentlemen! I learned a lot from Monarch's post.

Auslanco! Nice to meet you. I also see a superb free service you are offering to our friends here.

Thanks to both of you
  • #9,232
  • Jul 24, 2007 4:03pm Jul 24, 2007 4:03pm
we will have 245 by friday
  • #9,233
  • Jul 24, 2007 4:04pm Jul 24, 2007 4:04pm
Quoting BenQ
Interesting. I've never used a signal provider. Do you generally like their calls? Do you just use their calls to confirm your own, or do you typicaly take the signals?
I rarely take the signals because the point of me trading my own account instead of a managed account is that if I win its because I did a solid trade or my loss because I'm the idiot

I do receive two signal providers though. I compare these two to what I was planning to do and if things match up I figure my odds are much better. It also helps me plan a good T/P and S/L.

However, both of these two are saying hop in at the 248/high 247 mark and ride it up to 250.70 and I'm surprised BOTH say this it seems on a downward.
Craazy
  • #9,234
  • Jul 24, 2007 4:07pm Jul 24, 2007 4:07pm
Quoting highway
Just bump into this thread and notice that Monarch is back. Nice to see you back Monarch. Gentlemen! I learned a lot from Monarch's post.

Auslanco! Nice to meet you. I also see a superb free service you are offering to our friends here.

Thanks to both of you

Thanks highway.. I dont know for how long I can handle this..mrroboto gives me too much stress
  • #9,235
  • Jul 24, 2007 4:08pm Jul 24, 2007 4:08pm
Yea I got a signal about 2:00 p.m. to long at 248.75.
I usually do better when I do the opposite of the signals.
  • #9,236
  • Jul 24, 2007 4:09pm Jul 24, 2007 4:09pm
Quoting Rustyyy
Yea I got a signal about 2:00 p.m. to long at 248.75.
I usually do better when I do the opposite of the signals.
Lol so I take it your short?

Hey Auslanco: You still feeling that 245?
Craazy
  • #9,237
  • Jul 24, 2007 4:10pm Jul 24, 2007 4:10pm
actually guys... this Fat bear will go way beyond below 245.20 .. but i will settle for 245.20 TODAY
  • #9,238
  • Jul 24, 2007 4:11pm Jul 24, 2007 4:11pm
Quoting trader8686
Monarch,

245.20 is at the 23.6% of Weekly fibonacci, if you draw it on the chart.
Thanks for that info, I am placing it on my charts now, wow, how much fun is this.

GOOD TRADING TO YOU!

Ken
  • #9,239
  • Jul 24, 2007 4:13pm Jul 24, 2007 4:13pm
I'm still feeling that 210 (just not by friday).
  • #9,240
  • Jul 24, 2007 4:14pm Jul 24, 2007 4:14pm
So you think it will hit 245 today?? Even before Tokoyo opens?
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