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Daily GBP/JPY analysis

  • #9,481
  • Jul 25, 2007 12:37am Jul 25, 2007 12:37am
So Auslanco and others...

I might go to sleep soon! Got a couple lots open at 247.50, 245.59, and 247.75.

I'm thinking T/P at 246.50, S/L at 248.60. Reasonable? Suggestions/recommendations on different levels?
Craazy
  • #9,482
  • Jul 25, 2007 12:40am Jul 25, 2007 12:40am
Quoting sarama001
What do you mean? If UJ closes above 121.20, it is bearish?
UJ turns bullish only if it closes above 121.20.. (120.70 - 121.20 Rangebound) as long as it's 120.70 it's very bearish..
  • #9,483
  • Jul 25, 2007 12:42am Jul 25, 2007 12:42am
Quoting gr8collector
how do you know when trend changes to bullish? right now it looks very bullish to me.
according to what I can see it's no where near bullish .
  • #9,484
  • Jul 25, 2007 12:42am Jul 25, 2007 12:42am
Quoting auslanco
UJ turns bullish only if it closes above 121.20.. (120.70 - 121.20 Rangebound) as long as it's 120.70 it's very bearish..
I'm looking at 119.70-75 later today...
  • #9,485
  • Edited 12:54am Jul 25, 2007 12:44am | Edited 12:54am
Here this might make you feel better if you are a bear>>>
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  • #9,486
  • Jul 25, 2007 12:45am Jul 25, 2007 12:45am
usd/Jpy looks like it will hit 119.25 today using gann waves
  • #9,487
  • Jul 25, 2007 12:49am Jul 25, 2007 12:49am
Auslanco or anyone else...

Is setting a S/L on my trades at 248.70 risky? Seems like plenty of breathe room to me but just double checking I don't get into any problems.
Craazy
  • #9,488
  • Jul 25, 2007 12:50am Jul 25, 2007 12:50am
Here's the GJ...
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  • #9,489
  • Jul 25, 2007 12:51am Jul 25, 2007 12:51am
Quoting monarch
The trend is far from you Bravado, and speaking of popularity, there is a new kid on the BLOCK, "A", and he actually gives information out other than just talking about himself.

I would say, SHOW US THE MONEY, or just don't show up.

I have read about 15 of your post on this thread, and everyone is all about YOU, and never about any actual trades?



LOL

haha...whenever I read Bravado's post I find it entertaining!
  • #9,490
  • Jul 25, 2007 1:00am Jul 25, 2007 1:00am
Firstly i would like to say what a great job youre doing in this thread, And as I have benfited from youre post's I feel a need to add...

the fibs on the last 8 hours down ward move as showen we are at a retraction of just over 50%.

Therefore when she's turns down a safe exit would be around the 246.25..which is 100% of the retracement, however G/J has a strong tie to the fib numbers and has showen a liken to extend to the 161.8% level after a retracment of 50%...

Just my thoughts..

Glenn
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  • #9,491
  • Jul 25, 2007 1:03am Jul 25, 2007 1:03am
Here's the daily...
Attached Images
  • #9,492
  • Jul 25, 2007 1:05am Jul 25, 2007 1:05am
So if anyone thinks GJ or UJ bulll.. please dont quit your day job...
  • #9,493
  • Jul 25, 2007 1:07am Jul 25, 2007 1:07am
Quoting auslanco
Here's the daily...

Thanks for the snapshots, lookin good
Trade what you see, not what you think.
  • #9,494
  • Jul 25, 2007 1:11am Jul 25, 2007 1:11am
Start to drop!
  • #9,495
  • Jul 25, 2007 1:13am Jul 25, 2007 1:13am
Quoting trader8686
Start to drop!

all yen pairs headed south for good??
Trade what you see, not what you think.
  • #9,496
  • Jul 25, 2007 1:16am Jul 25, 2007 1:16am
Quoting auslanco
So if anyone thinks GJ or UJ bulll.. please dont quit your day job...
That is the truth bro.

Some learn by listening, and some learn from losing.

After a period of time,
the ones losing - need to listen to someone who has learned from losing,
and they need to learn to lose less then when they first learned to listen,
to those who are learned!

  • #9,497
  • Jul 25, 2007 1:18am Jul 25, 2007 1:18am
Quoting auslanco
Yen turns bullish if a 1hr bar closes above 121.20
if price goes up on the dollar yen that is bearish for the yen if price goes down yen bullish
  • #9,498
  • Jul 25, 2007 1:18am Jul 25, 2007 1:18am
Quoting monarch
That is the truth bro.

Some learn by listening, and some learn from losing.

After a period of time,
the ones losing - need to listen to someone who has learned from losing,
and they need to learn to lose less then when they first learned to listen,
to those who are learned!

Wait, you lost me there.....:
  • #9,499
  • Jul 25, 2007 1:20am Jul 25, 2007 1:20am
With my mt4 I am just finishing a 4hr candle from 10pm to 2am eastern. The average range for that candle for the gbpjpy is 60 pips. The next candle from 2am to 6am eastern US the average range is 89 pips. This 10pm candle had a range of 131 pips this past session. Since the begining of the year gbpjpy has moved 100 or more pips 21 times on the 10pm candle. When that happens the gbpjpy 2am candle has only moved more then the 10pm candle 5 times. 2am candle on the average moves about 75% of the 10pm candle after it the 10pm candle has moved 100 pips are more. So 75% of 131 pips is still about 98 pips.
just a note of interest.
  • #9,500
  • Jul 25, 2007 1:21am Jul 25, 2007 1:21am
Quoting monarch
That is the truth bro.

Some learn by listening, and some learn from losing.

After a period of time,
the ones losing - need to listen to someone who has learned from losing,
and they need to learn to lose less then when they first learned to listen,
to those who are learned!


Wow ken.. I actually had to read it 5 times to get it to my thick head.. I thought shakespere was bad.
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