Daily GBP/JPY analysis | Page 486 | 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

  • #9,701
  • Jul 25, 2007 8:22am Jul 25, 2007 8:22am
I could be wrong...

rgitt05
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy hour chart.jpg Size: 54 KB
[
  • #9,702
  • Jul 25, 2007 8:23am Jul 25, 2007 8:23am
I would look below 246.20.
  • #9,703
  • Jul 25, 2007 8:23am Jul 25, 2007 8:23am
Quoting auslanco
we might see some action on GJ right after the news.. what do you guys think... if it shoots down.. shall we enter below 246.40?

I'm in for the ride, have been since the beginning...
  • #9,704
  • Jul 25, 2007 8:25am Jul 25, 2007 8:25am
hi,

if the homesales are bad, it will go up for short time.

but after this it should go down many pips to 2,457 something like this.
  • #9,705
  • Jul 25, 2007 8:29am Jul 25, 2007 8:29am
Took a profit at 12, re-ntered short at 32.
  • #9,706
  • Jul 25, 2007 8:34am Jul 25, 2007 8:34am
hi..


looking at the 1hr u/j its now trading above the recent downsloping trendline and has found support at 120.29..also at the trendline...
  • #9,707
  • Jul 25, 2007 8:35am Jul 25, 2007 8:35am
Dow Jones is +102 now

not good for GJ to drop

wait and see
Don't be panic when it's negative
  • #9,708
  • Jul 25, 2007 8:36am Jul 25, 2007 8:36am
flag formation... could go up the length of the pole...
but news coming... not sure.
Attached Image (click to enlarge)
Click to Enlarge Name: flag.jpg Size: 70 KB
  • #9,709
  • Jul 25, 2007 8:36am Jul 25, 2007 8:36am
Ok... for the GBP/USD news trading call: there's not going to be a Pre news signal for this event.. Reason- 4hr trend is bearish.. intraday trend just turned bullish.. No trade... but there will be a spike upwards... which wont last long and it will retrace back down or will not go too far upwards. so dont get caught trading this news event.

If there is a spike down just after the release then take a position since the 4 hr trend is already bearish it will come down atleast 60 pips.

If the 4 hr momentum changes to bullish with the news release I will let you know so you can go bull. If not dont take any bull positions.
  • #9,710
  • Jul 25, 2007 8:42am Jul 25, 2007 8:42am
Quoting auslanco
Ok... for the GBP/USD news trading call: there's not going to be a Pre news signal for this event.. Reason- 4hr trend is bearish.. intraday trend just turned bullish.. No trade... but there will be a spike upwards... which wont last long and it will retrace back down or will not go too far upwards. so dont get caught trading this news event.

If there is a spike down just after the release then take a position since the 4 hr trend is already bearish it will come down atleast 60 pips.

If the 4 hr momentum changes to bullish with the news release I will let you know so you can go bull. If not dont take any bull positions.
Hi Auslanco...
I follow your trend until now and make some profit..thanks a lot..
Just want to know ....bull = Sell?? Sorry..i was new here..

thanks
New Forex Trader
  • #9,711
  • Jul 25, 2007 8:44am Jul 25, 2007 8:44am
What TF is this chart?

Quoting emda
flag formation... could go up the length of the pole...
but news coming... not sure.
  • #9,712
  • Jul 25, 2007 8:45am Jul 25, 2007 8:45am
Quoting teekee
Hi Auslanco...
I follow your trend until now and make some profit..thanks a lot..
Just want to know ....bull = Sell?? Sorry..i was new here..

thanks

Hi Teekee, Bull = buy
Bear= sell
  • #9,713
  • Jul 25, 2007 8:45am Jul 25, 2007 8:45am
Quoting teekee
Hi Auslanco...
I follow your trend until now and make some profit..thanks a lot..
Just want to know ....bull = Sell?? Sorry..i was new here..

thanks
man you sure are new...are you using live accounts already?..if you are then you better have some bush doctor or shamman guiding your way...

bull=buy bear=sell

anyway man wish you luck and never stop learning!

cheers!
"it doesn't come any sharper than this!"
  • #9,714
  • Jul 25, 2007 8:46am Jul 25, 2007 8:46am
M5... very zoomed out...

Quoting BenQ
What TF is this chart?
  • #9,715
  • Jul 25, 2007 8:47am Jul 25, 2007 8:47am
took profit on my longs will wait and see what develops bias is long for dollar/yen above 120.00
  • #9,716
  • Jul 25, 2007 8:48am Jul 25, 2007 8:48am
confused now
GJ will up or down?
Don't be panic when it's negative
  • #9,717
  • Jul 25, 2007 8:49am Jul 25, 2007 8:49am
Quoting DR.ich
man you sure are new...are you using live accounts already?..if you are then you better have some bush doctor or shamman guiding your way...

bull=buy bear=sell

anyway man wish you luck and never stop learning!

cheers!
Hi DR.ich..thanks for the information... i am using live account..my friend told me no pain no game...you will never learn if use the demo account..so i think i need to pay some fee in order to learn ......
New Forex Trader
  • #9,718
  • Jul 25, 2007 8:49am Jul 25, 2007 8:49am
Quoting auslanco
Hi Teekee, Bull = buy
Bear= sell
thanks auslanco
New Forex Trader
  • #9,719
  • Jul 25, 2007 8:50am Jul 25, 2007 8:50am
Quoting teekee
Hi DR.ich..thanks for the information... i am using live account..my friend told me no pain no game...you will never learn if use the demo account..so i think i need to pay some fee in order to learn ......
Just make sure you are using small lots. Winning with 1 microlot is just as successful as winning with a standard lot.
  • #9,720
  • Jul 25, 2007 8:51am Jul 25, 2007 8:51am
Initial spike up = no trade
Initial spike down = go short(sell)

monitor the spike on 5 min charts...

Do not trade this live .. please use a demo or just watch the movements.
5 traders viewing now