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Daily GBP/JPY analysis

  • #10,221
  • Jul 26, 2007 5:14am Jul 26, 2007 5:14am
Quoting Plutonite
Yes. And it will happen again maybe 2 months from now, then it will get destroyed the month after that (did you ever hear of crossover traders, they use the exact REVERSE of your reasoning).

Just trying to help from what I've learned the hard way

Cheers,
-A
Point taken. By the way I don't use it to trade but just to see price action at or around those major MAs. It's interesting sometimes. Crossovers of MAs are very much different than this.
  • #10,222
  • Jul 26, 2007 5:17am Jul 26, 2007 5:17am
we may do both if I can find the pre news direction...
  • #10,223
  • Jul 26, 2007 5:19am Jul 26, 2007 5:19am
Quoting wilson
Point taken. By the way I don't use it to trade but just to see price action at or around those major MAs. It's interesting sometimes. Crossovers of MAs are very much different than this.
Quite. In a market that has been rising for 7 years I find flat line support and resistance levels less useful. I think this is why signal services usually offer 3 support and 3 resistance levels.
Gone to a better place
  • #10,224
  • Jul 26, 2007 5:21am Jul 26, 2007 5:21am
Quoting auslanco
great,,, what entry did you get?
Got in at 2.0500 when it was heading down.. exited at 2.0491. Was going to trade the nzd interest rate decision yesterday, but the spread on my cnx platform went nuts - more than 50 pips
  • #10,225
  • Jul 26, 2007 5:21am Jul 26, 2007 5:21am
Quoting auslanco
we may do both if I can find the pre news direction...
Hi auslanco, can i know more about the money management you mention before??
New Forex Trader
  • #10,226
  • Jul 26, 2007 5:22am Jul 26, 2007 5:22am
I have a feeling that 5 SMA will push thru the support line
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  • #10,227
  • Jul 26, 2007 5:23am Jul 26, 2007 5:23am
this is about relations between GJ and GU and UJ....
some math and possibilities:

- GU UP and UJ DOWN: means G up and J up... so GJ not clear direction.. and is going UP if GU UP is bigger than UJ DOWN move.
- GU UP and UJ UP: means G up and J down... so GJ is going UP.
- GU DOWN and UJ UP: means G down and J down... so GJ not clear direction.. and is going DOWN if GU DOWN is bigger than UJ UP move.
- GU DOWN and UJ DOWN: means G down and J up... so GJ DOWN.
  • #10,228
  • Jul 26, 2007 5:29am Jul 26, 2007 5:29am
Quoting emda
this is about relations between GJ and GU and UJ....
some math and possibilities:

- GU UP and UJ DOWN: means G up and J up... so GJ not clear direction.. and is going UP if GU UP is bigger than UJ DOWN move.
- GU UP and UJ UP: means G up and J down... so GJ is going UP.
- GU DOWN and UJ UP: means G down and J down... so GJ not clear direction.. and is going DOWN if GU DOWN is bigger than UJ UP move.
- GU DOWN and UJ DOWN: means G down and J up... so GJ DOWN.
  • #10,229
  • Jul 26, 2007 5:34am Jul 26, 2007 5:34am
Quoting teekee
Hi auslanco, can i know more about the money management you mention before??
Diallist has a section on money management in the Forex Beginner Q&A section if that helps and there is a great lot in the James 16 private forum if you ever consider going in there. Hope that helps

Mike
  • #10,230
  • Jul 26, 2007 5:38am Jul 26, 2007 5:38am
Quoting MikeW
Diallist has a section on money management in the Forex Beginner Q&A section if that helps and there is a great lot in the James 16 private forum if you ever consider going in there. Hope that helps

Mike
Thanks Mike
New Forex Trader
  • #10,231
  • Jul 26, 2007 5:45am Jul 26, 2007 5:45am
Quoting emda
this is about relations between GJ and GU and UJ....
some math and possibilities:

- GU UP and UJ DOWN: means G up and J up... so GJ not clear direction.. and is going UP if GU UP is bigger than UJ DOWN move.
- GU UP and UJ UP: means G up and J down... so GJ is going UP.
- GU DOWN and UJ UP: means G down and J down... so GJ not clear direction.. and is going DOWN if GU DOWN is bigger than UJ UP move.
- GU DOWN and UJ DOWN: means G down and J up... so GJ DOWN.
my head hurts......
  • #10,232
  • Jul 26, 2007 5:56am Jul 26, 2007 5:56am
Quoting angiegiles00
my head hurts......
is it so hard to understand?
what?
  • #10,233
  • Jul 26, 2007 5:57am Jul 26, 2007 5:57am
Quoting angiegiles00
my head hurts......

I studied this math for a while and i'm a little bit confused. Aussie I hope you're still online; what do you think about the GU, UJ and GJ stuffs.

I went short on GJ and i'm still about +25pips. What do you think will happen next?
  • #10,234
  • Jul 26, 2007 5:59am Jul 26, 2007 5:59am
.. just had a quick shower... it's going to be a long nite
  • #10,235
  • Jul 26, 2007 6:01am Jul 26, 2007 6:01am
ok fellows there may be a little reatracement before the rallay begins
  • #10,236
  • Jul 26, 2007 6:03am Jul 26, 2007 6:03am
Quoting auslanco
ok fellows there may be a little reatracement before the rallay begins
Maybe close out and reenter at better spot ???

Thanks for hanging through the night !
  • #10,237
  • Jul 26, 2007 6:03am Jul 26, 2007 6:03am

i guess its breakin....and 200 sma also above 4 hour candle but not yet valid

"Analysis Is Hard But Trade Is Easy"
  • #10,238
  • Jul 26, 2007 6:04am Jul 26, 2007 6:04am
Quoting auslanco
ok fellows there may be a little reatracement before the rallay begins
within this hour?
  • #10,239
  • Jul 26, 2007 6:04am Jul 26, 2007 6:04am
Quoting hycebee
I studied this math for a while and i'm a little bit confused. Aussie I hope you're still online; what do you think about the GU, UJ and GJ stuffs.

I went short on GJ and i'm still about +25pips. What do you think will happen next?

Had to take two asprins just now after reading that..
  • #10,240
  • Jul 26, 2007 6:05am Jul 26, 2007 6:05am
lets buckle up fellows
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