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Daily GBP/JPY analysis

  • #9,721
  • Jul 25, 2007 8:51am Jul 25, 2007 8:51am
Quoting forexrules
Just make sure you are using small lots. Winning with 1 microlot is just as successful as winning with a standard lot.
yup...i use minis account....very small lot.....
New Forex Trader
  • #9,722
  • Jul 25, 2007 8:53am Jul 25, 2007 8:53am
Quoting Dobin
confused now
GJ will up or down?

we dont know that yet.. my gut feeling is GBP/USD will spike up and then rangebound, GBP/JPY will shoot down.. will wait and see 7 mins.
  • #9,723
  • Jul 25, 2007 8:53am Jul 25, 2007 8:53am
Happy Trading everyone and best wish to you all! BR
  • #9,724
  • Jul 25, 2007 8:54am Jul 25, 2007 8:54am
Quoting auslanco
we dont know that yet.. my gut feeling is GBP/USD will spike up and then rangebound, GBP/JPY will shoot down.. will wait and see 7 mins.
I am in agreement with this.
  • #9,725
  • Jul 25, 2007 8:55am Jul 25, 2007 8:55am
Quoting bluerose
Happy Trading everyone and best wish to you all! BR

thanks BR.. hope you get that well deserved rest
  • #9,726
  • Jul 25, 2007 8:57am Jul 25, 2007 8:57am
Quoting auslanco
we dont know that yet.. my gut feeling is GBP/USD will spike up and then rangebound, GBP/JPY will shoot down.. will wait and see 7 mins.
auslanco...what should i do now?? set a pending order or just wait the signal from you??
New Forex Trader
  • #9,727
  • Jul 25, 2007 8:57am Jul 25, 2007 8:57am
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
  • #9,728
  • Jul 25, 2007 9:00am Jul 25, 2007 9:00am
NO trade
  • #9,729
  • Jul 25, 2007 9:02am Jul 25, 2007 9:02am
*jun Existing Home Sales: 5.75m V 5.86me, Lowest Level Since Nov 2002
  • #9,730
  • Jul 25, 2007 9:02am Jul 25, 2007 9:02am
these are some bad usd numbers...
  • #9,731
  • Jul 25, 2007 9:02am Jul 25, 2007 9:02am
Bad housing news for sure.
  • #9,732
  • Jul 25, 2007 9:02am Jul 25, 2007 9:02am
ok.. it going down...
  • #9,733
  • Jul 25, 2007 9:03am Jul 25, 2007 9:03am
what about GJ now? should I in now?
Don't be panic when it's negative
  • #9,734
  • Jul 25, 2007 9:03am Jul 25, 2007 9:03am
go short on GBP/USD id you want now
  • #9,735
  • Jul 25, 2007 9:04am Jul 25, 2007 9:04am
go short on GBP/USD if you want now
  • #9,736
  • Jul 25, 2007 9:06am Jul 25, 2007 9:06am
going down...Sales are down.. I believe the news are lagging because it doesn't include this month and futures...
[
  • #9,737
  • Jul 25, 2007 9:08am Jul 25, 2007 9:08am
Lets see if that knocks down the stock market, which was trying to rebound from yesterday.


My guess is yes.
  • #9,738
  • Jul 25, 2007 9:09am Jul 25, 2007 9:09am
No matter how bad the news is 90% of the time the market follows the 4 hr trend. thats how powerful it is.
  • #9,739
  • Jul 25, 2007 9:09am Jul 25, 2007 9:09am

next target 246.20 or 245.20?

"Analysis Is Hard But Trade Is Easy"
  • #9,740
  • Jul 25, 2007 9:10am Jul 25, 2007 9:10am
did anyone enter that trade for GBP/USD short?
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