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Daily GBP/JPY analysis

  • #10,161
  • Jul 26, 2007 3:53am Jul 26, 2007 3:53am
Quoting auslanco
ok guys I'm currently on 35pip profit on GBP/USD trade signal.... is anyone else is partying out there?
Yep, short here. Waiting for that quick spike to take out target.
  • #10,162
  • Jul 26, 2007 3:53am Jul 26, 2007 3:53am
31 pips here. Thankshttp://www.forexfactory.com/images/icons/icon7.gif
  • #10,163
  • Jul 26, 2007 3:54am Jul 26, 2007 3:54am
+24
  • #10,164
  • Jul 26, 2007 3:55am Jul 26, 2007 3:55am
great..
  • #10,165
  • Jul 26, 2007 3:56am Jul 26, 2007 3:56am
by the way this is my 500th post... 492 posts in 4 days
  • #10,166
  • Jul 26, 2007 4:01am Jul 26, 2007 4:01am
1hr GBP just turned bearish... 4 hr already bearish this is a 100pip ralley atleast... but I'm going to take my profits @ 2.0450
Attached Image
  • #10,167
  • Jul 26, 2007 4:02am Jul 26, 2007 4:02am
Quoting auslanco
by the way this is my 500th post... 492 posts in 4 days

cable update thread predicting 2.0435
Trade what you see, not what you think.
  • #10,168
  • Jul 26, 2007 4:03am Jul 26, 2007 4:03am
I'm going to short GBP/JPY @ 246.80
  • #10,169
  • Jul 26, 2007 4:03am Jul 26, 2007 4:03am
Auslanco you da man

By the way is it too late to go short g/u ? my charts aren't that encouraging for an entry now
  • #10,170
  • Jul 26, 2007 4:05am Jul 26, 2007 4:05am
exited with 38 pipshttp://www.forexfactory.com/images/icons/icon14.gifhttp://www.forexfactory.com/images/icons/icon7.gif
  • #10,171
  • Jul 26, 2007 4:07am Jul 26, 2007 4:07am
Quoting auslanco
I'm going to short GBP/JPY @ 246.80
Did that last time and make a quick and dirty 20 pippeto's, will do again.

I am still watching the hourly line I mentioned earlier in covring yesterday highs and todays lows. It is amazingly still in play after nearly 36 hours!!!
  • #10,172
  • Jul 26, 2007 4:07am Jul 26, 2007 4:07am
Quoting zoheir
Auslanco you da man

By the way is it too late to go short g/u ? my charts aren't that encouraging for an entry now
Hi Zoheir,
this was a news trade signal we eneterd around 2.0515 before the news,... I cant really tell you to enter now buddy.. but a good bear trend is builiding..
  • #10,173
  • Jul 26, 2007 4:09am Jul 26, 2007 4:09am
Auslanco,

Is those baically your only indicators using the 4hr chart?


Guys, What Is the strentgh indicator on MT4? RSI? Momentum?
  • #10,174
  • Jul 26, 2007 4:10am Jul 26, 2007 4:10am
Quoting auslanco
Hi Zoheir,
this was a news trade signal we eneterd around 2.0515 before the news,... I cant really tell you to enter now buddy.. but a good bear trend is builiding..
What TP are you aiming for aus?
  • #10,175
  • Jul 26, 2007 4:11am Jul 26, 2007 4:11am
I Just eneterd G/J @ 246.72
T.P 245.20
SL 248.02
  • #10,176
  • Jul 26, 2007 4:11am Jul 26, 2007 4:11am
246.72 was the 1hr 5 sma
  • #10,177
  • Jul 26, 2007 4:12am Jul 26, 2007 4:12am
Quoting MikeW
What TP are you aiming for aus?

2.04550 GBP/USD
  • #10,178
  • Jul 26, 2007 4:13am Jul 26, 2007 4:13am
Quoting auslanco
I'm going to short GBP/JPY @ 246.80
I think I'll wait for a break of the 200ma

Mike
  • #10,179
  • Jul 26, 2007 4:13am Jul 26, 2007 4:13am
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.JPG Size: 85 KB


the 4 hour momentum is pointing upwards, so does it mean it still has strong support till it's pointing downwards again?
  • #10,180
  • Jul 26, 2007 4:14am Jul 26, 2007 4:14am
Quoting auslanco
2.04550 GBP/USD
thanks
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