Daily GBP/JPY analysis | Page 467 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

GBP/JPY, GBP/USD, and EUR/USD (technical analysis) 3,084 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

Adwa Daily GBP/JPY analysis 23 replies

Attachments: Daily GBP/JPY analysis
Exit Attachments

Daily GBP/JPY analysis

  • #9,321
  • Jul 24, 2007 8:14pm Jul 24, 2007 8:14pm
Auslanco,

Just want to hear, will we go 245, today? I feel we can.
  • #9,322
  • Jul 24, 2007 8:15pm Jul 24, 2007 8:15pm
Nice calls on the shorts, guys.
Life is too short to have anything but delusional notions about yourself.
  • #9,323
  • Jul 24, 2007 8:15pm Jul 24, 2007 8:15pm
one hr retracemnt is due @ 247.20-30... you are right.
  • #9,324
  • Jul 24, 2007 8:16pm Jul 24, 2007 8:16pm
I didn't buy a lot because it's against the trend
but it's more comfortable when you long then you short even you position is negative because you know it will come back and you make interests(really profitable) at the same time!
Quoting 4x_Trader
Good you are making money now! No one can beat the carry trades "buy on dips" system!
Don't be panic when it's negative
  • #9,325
  • Jul 24, 2007 8:18pm Jul 24, 2007 8:18pm
Quoting trader8686
Auslanco,

Just want to hear, will we go 245, today? I feel we can.
Usually japaneese dont have much fire power... only occassionaly it goes over 200+ pips...we shall wait and watch..looking forward to the London session..
  • #9,326
  • Jul 24, 2007 8:19pm Jul 24, 2007 8:19pm
Quoting cotoho
auslanco,
You have been spot on with your gbp/jpy analysis!

Congrats.....
Thanks Cotoho... no magic.. just the experience
  • #9,327
  • Jul 24, 2007 8:20pm Jul 24, 2007 8:20pm
Quoting auslanco
one hr retracemnt is due @ 247.20-30... you are right.
I don't think we are retracing that high, look at 15m current candle.
  • #9,328
  • Jul 24, 2007 8:21pm Jul 24, 2007 8:21pm
Agree, the performance of last two days of London is really disappointing.
hope it will not let us down tonight.
but I am 80% sure because Dow is down 200 pips today, London should respond something to that!

[qu\ote=auslanco;1506531]Usually japaneese dont have much fire power... only occassionaly it goes over 200+ pips...we shall wait and watch..looking forward to the London session..[/quote]
Don't be panic when it's negative
  • #9,329
  • Jul 24, 2007 8:23pm Jul 24, 2007 8:23pm
Quoting trader8686
I don't think we are retrace that high, look at 15m current candle.
just curious what ppl think if the retrace is done which is 60 pips starting to head down it looks
  • #9,330
  • Jul 24, 2007 8:23pm Jul 24, 2007 8:23pm
Quoting auslanco
I agree with you.... but it doesnt mean that you have to buy...you are going against the trend and this is the number 1 mistake most of the traders do. If you feel its going up for a retracemnt just stay away and watch.. the more postions you take more risks you have to face... you just making your broker rich in the long run...

Start buying what you are selling hehehe
........... have nothing to say..........
  • #9,331
  • Jul 24, 2007 8:23pm Jul 24, 2007 8:23pm
may not happen right now...there's 38 mins left to close the current hourley bar... atleast it'll come close to the 5 SMA (true price) of the current 1hr bar.
  • #9,332
  • Jul 24, 2007 8:25pm Jul 24, 2007 8:25pm
Quoting korn_trader
Start buying what you are selling hehehe

Lol yea .. you can make me more rich
  • #9,333
  • Jul 24, 2007 8:27pm Jul 24, 2007 8:27pm
Quoting auslanco
may not happen right now...there's 38 mins left to close the current hourley bar... atleast it'll come close to the 5 SMA (true price) of the current 1hr bar.
disappointed, it didn't go straight back to 247 and touch my even line, didn't make any profit!
loser again
Don't be panic when it's negative
  • #9,334
  • Jul 24, 2007 8:29pm Jul 24, 2007 8:29pm
Quoting auslanco
may not happen right now...there's 38 mins left to close the current hourley bar... atleast it'll come close to the 5 SMA (true price) of the current 1hr bar.
Don't know what are you talking about.
Can you be more specific?
  • #9,335
  • Jul 24, 2007 8:29pm Jul 24, 2007 8:29pm
retracements are good... it's a breather to collect more fire power for the next move...but dont trade against the trend...
  • #9,336
  • Jul 24, 2007 8:31pm Jul 24, 2007 8:31pm
Ok.... the max retracement would be below 247..
  • #9,337
  • Jul 24, 2007 8:32pm Jul 24, 2007 8:32pm
Quoting trader8686
Don't know what are you talking about.
Can you be more specific?

oh there goes the retracement up to 247.10 area
  • #9,338
  • Jul 24, 2007 8:33pm Jul 24, 2007 8:33pm
I'm waiting for LONDON traders. Shall be seeing a good G/U down.

maybe @ 2.0500. Then GJ will be 245.50-246.. I'm placing my LONG there.
  • #9,339
  • Jul 24, 2007 8:33pm Jul 24, 2007 8:33pm
Quoting auslanco
Ok.... the max retracement would be below 247..

????
I saw the minimun like 247.10, hopefully ,reach 247.35-40

maybe ,you are right, the trend is so strong, no one wanna against it
Don't be panic when it's negative
  • #9,340
  • Jul 24, 2007 8:36pm Jul 24, 2007 8:36pm
Quoting trader8686
Don't know what are you talking about.
Can you be more specific?
1hr retracement can happen any time within that 60 mins... 4 hr retracement can happen any time within that 4 hrs,30 min retracement can happen anytime within that 30 mins so on...Now in this case there is no 4hr retracemnt on this current bar because it's the breakout bar from 247.89 area. so the next 4 hr bar will be the retracemnt bar...
3 traders viewing now