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Daily GBP/JPY analysis

  • #10,521
  • Jul 26, 2007 9:32am Jul 26, 2007 9:32am
Quoting mradnan
in next candle of 4 hr chart it would touch that level my
possible... but major retracement on this candle
  • #10,522
  • Jul 26, 2007 9:32am Jul 26, 2007 9:32am
Auslanco, great job this week! Would you mind sharing how you decide on your profit goal. You mention 300-500 pips per week. How do you decide if you are going to use 300 or 500 or something in between?
  • #10,523
  • Jul 26, 2007 9:35am Jul 26, 2007 9:35am
sometimes I get confused if we speak about GBPJPY.... or GBPUSD....
  • #10,524
  • Jul 26, 2007 9:36am Jul 26, 2007 9:36am
Quoting emda
sometimes I get confused if we speak about GBPJPY.... or GBPUSD....

I was just getting ready to say the same thing!
  • #10,525
  • Jul 26, 2007 9:36am Jul 26, 2007 9:36am
243.90 to 245.10
245.10 to 242.00
242.00 to 250.00

i think
  • #10,526
  • Jul 26, 2007 9:37am Jul 26, 2007 9:37am
Yea Im confused too. Are we discussion G/Y here dropping?
  • #10,527
  • Jul 26, 2007 9:38am Jul 26, 2007 9:38am
Quoting Al_Have1
Auslanco, great job this week! Would you mind sharing how you decide on your profit goal. You mention 300-500 pips per week. How do you decide if you are going to use 300 or 500 or something in between?
I mainly confirm my trend on the 4hr charts..if the 4hr got daily support.. I go for 400-500 per trade
if the 4 hour does not the daily support I go for 200-300 target per trade
  • #10,528
  • Jul 26, 2007 9:39am Jul 26, 2007 9:39am
Quoting newjersey24
Yea Im confused too. Are we discussion G/Y here dropping?
Auslanco recomended a GBP/USD news trade earlier. He is talking about that.
  • #10,529
  • Jul 26, 2007 9:40am Jul 26, 2007 9:40am
Quoting emda
sometimes I get confused if we speak about GBPJPY.... or GBPUSD....
MAN! I clicked the wrong one...lol They really need to re-name these...

I sure hope USD one tanks beings how I am now in for 2 positions..lol
I wanted to get in when GBP was up..Hmmm

kevin
  • #10,530
  • Jul 26, 2007 9:40am Jul 26, 2007 9:40am
Quoting newjersey24
Yea Im confused too. Are we discussion G/Y here dropping?

yea, here is GBP JPY place
  • #10,531
  • Jul 26, 2007 9:42am Jul 26, 2007 9:42am
Quoting auslanco
I mainly confirm my trend on the 4hr charts..if the 4hr got daily support.. I go for 400-500 per trade
if the 4 hour does not the daily support I go for 200-300 target per trade
And then pick the entry on 1 hour?

Mike
  • #10,532
  • Jul 26, 2007 9:42am Jul 26, 2007 9:42am
UGHHHHH!!

It is almost easier to go scrub the toilet than watch my charts when I click on the wrong pair..
  • #10,533
  • Jul 26, 2007 9:43am Jul 26, 2007 9:43am
guys, you can post about G U at gbp usd topic, we see them, too
  • #10,534
  • Jul 26, 2007 9:44am Jul 26, 2007 9:44am
I think if someone can organize a live chatroom that will be great..

rs5 of mentiond about it ther other day.. are you here rs5?
  • #10,535
  • Jul 26, 2007 9:45am Jul 26, 2007 9:45am
i repeat, good support at 244.00 area...if broken, it will go down further...else its gonna be a retracement....
  • #10,536
  • Jul 26, 2007 9:46am Jul 26, 2007 9:46am
GBPJPY
GBPCHF
GBPAUD

Commentary – We wrote last week that “coming under 245.07 would signal additional bearish potential.” The GBPJPY has plummeted this week and tested the 6/27 low at 243.95. The 55 day SMA is at 244.23 today as well. A bounce from these levels is expected, with former support now resistance at 246.26. However, this could be the beginning of the larger turn that we have been looking for as the pair has broken below the last 4 weeks’ lows as well as the support line drawn off of the March and June lows.

Strategy – Bearish against 251.10, target below 221.05
  • #10,537
  • Jul 26, 2007 9:46am Jul 26, 2007 9:46am
Quoting kevinsw
UGHHHHH!!

It is almost easier to go scrub the toilet than watch my charts when I click on the wrong pair..
did you go shoert on GBP/JPY? @ what price?
  • #10,538
  • Jul 26, 2007 9:47am Jul 26, 2007 9:47am
Heck yea,

lets do a chat room

Aussie,

you got Aol?

Yahoo?
  • #10,539
  • Jul 26, 2007 9:48am Jul 26, 2007 9:48am
stay with your GBP/USD guys.. should come down any moment.
  • #10,540
  • Jul 26, 2007 9:48am Jul 26, 2007 9:48am
Quoting auslanco
I think if someone can organize a live chatroom that will be great..

rs5 of mentiond about it ther other day.. are you here rs5?

I can look into that as well, if anyone else is interested let me know.
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