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Daily GBP/JPY analysis

  • #10,681
  • Jul 26, 2007 11:04am Jul 26, 2007 11:04am
Probably I got my response just on your post above...
  • #10,682
  • Jul 26, 2007 11:04am Jul 26, 2007 11:04am
retracement started on GBP/JPY
  • #10,683
  • Jul 26, 2007 11:04am Jul 26, 2007 11:04am
Quoting ovidiu
I am also short on cable @2.0458 SL 2.0507 TP 2.0410, I entered before the news because beating the 200SMA on H1, and also on the H4 2 crosses of SMA that signal a down trend, but would have exited by now because of the news if I didn't had that much confidence in you Asulanco. And still my stochastics readings on H1 and 30 min are not that good for cable going down, i know it will go down what I don't know is if my SL will hold.

What is your opinion?


Get the hell out of there, that ship is sinking! haha
  • #10,684
  • Jul 26, 2007 11:05am Jul 26, 2007 11:05am
Quoting auslanco
exit your positions GBP/USD

http://www.forexfactory.com/images/misc/progress.gif

exited.
New Forex Trader
  • #10,685
  • Jul 26, 2007 11:06am Jul 26, 2007 11:06am
Aussie said to exit on G/U!!!!!!!

Quoting ovidiu
I am also short on cable @2.0458 SL 2.0507 TP 2.0410, I entered before the news because beating the 200SMA on H1, and also on the H4 2 crosses of SMA that signal a down trend, but would have exited by now because of the news if I didn't had that much confidence in you Asulanco. And still my stochastics readings on H1 and 30 min are not that good for cable going down, i know it will go down what I don't know is if my SL will hold.

What is your opinion?
  • #10,686
  • Jul 26, 2007 11:06am Jul 26, 2007 11:06am
Long GJ?
  • #10,687
  • Jul 26, 2007 11:07am Jul 26, 2007 11:07am

Quoting auslanco
i




i for auslanco
"Analysis Is Hard But Trade Is Easy"
  • #10,688
  • Jul 26, 2007 11:07am Jul 26, 2007 11:07am
retracement on GBP/JPY up to 245. 30ish within next 4hrs. be careful as you are going against the trend. if you have made enough pips for this week please dont take this trade..
  • #10,689
  • Jul 26, 2007 11:08am Jul 26, 2007 11:08am
Quoting auslanco
retracement on GBP/JPY up to 245. 30ish within next 4hrs. be careful as you are going against the trend. if you have made enough pips for this week please dont take this trade..
Noted with thanks.
New Forex Trader
  • #10,690
  • Jul 26, 2007 11:08am Jul 26, 2007 11:08am
Quoting auslanco
retracement on GBP/JPY up to 245. 30ish within next 4hrs. be careful as you are going against the trend. if you have made enough pips for this week please dont take this trade..


What if you have lost pips for the week, and your wife is pregnant, parents are dying, you are missing one leg and really need some groceries?
  • #10,691
  • Jul 26, 2007 11:09am Jul 26, 2007 11:09am
Auslanco,

Please remind us when the GBPJPY short positions can be resumed?
Thanks one million.
  • #10,692
  • Jul 26, 2007 11:10am Jul 26, 2007 11:10am
Hey Aussie,

This is what I did for this new 4Hr mark. Tell me if its how you viewed it too.

Last 4Hr chart shows down but with a lot of wick.
The New 4 Hr Chrt showing up
The New 1hr showing up
15 Min shows up

While 4hr Stoch shows oversold area
Momentum still down
MaCD still show downtrend.

So this presents a possible retracement but long term still heading down?

Quoting auslanco
retracement started on GBP/JPY
  • #10,693
  • Jul 26, 2007 11:12am Jul 26, 2007 11:12am
I dont take any postion untill nextweek..
  • #10,694
  • Jul 26, 2007 11:13am Jul 26, 2007 11:13am
Quoting auslanco
retracement on GBP/JPY up to 245. 30ish within next 4hrs. be careful as you are going against the trend. if you have made enough pips for this week please dont take this trade..
Does this mean that GBP/JPY is going to be bullish till it hit 245 area. If yes, can you tell us the exact point to enter?

Thanks again for the quick tip of GBP/USD it minimized my loss (only -19 pips)
  • #10,695
  • Jul 26, 2007 11:14am Jul 26, 2007 11:14am
Quoting auslanco
I dont take any postion untill nextweek..
and you are here. helping... without sleeping... thanks a million
  • #10,696
  • Jul 26, 2007 11:15am Jul 26, 2007 11:15am
Quoting newjersey24
Hey Aussie,

This is what I did for this new 4Hr mark. Tell me if its how you viewed it too.

Last 4Hr chart shows down but with a lot of wick.
The New 4 Hr Chrt showing up
The New 1hr showing up
15 Min shows up

While 4hr Stoch shows oversold area
Momentum still down
MaCD still show downtrend.

So this ressents a possible retracement but long term still heading down?

You are right...pair is still very much bearish... but this for hour bar will be a retracement bar.
  • #10,697
  • Jul 26, 2007 11:17am Jul 26, 2007 11:17am
who here likes my winning personality.
say "i".

Quoting hard1head1
Here is.. I
Quoting magiclino
..and I..YOU'RE THE MAN.....
Quoting Rabax
..I do..
Quoting auslanco
i
Quoting ovidiu
I am..
Quoting markam
..I will...
you guys are too much.
BAM BAM BOOM! -bravado
  • #10,698
  • Jul 26, 2007 11:18am Jul 26, 2007 11:18am
Quoting hycebee
Does this mean that GBP/JPY is going to be bullish till it hit 245 area. If yes, can you tell us the exact point to enter?

Thanks again for the quick tip of GBP/USD it minimized my loss (only -19 pips)

dont take this GBP/JPY position unless you are a experience scalper because you are going against the trend... very dangerous....
we will make 1900 pips by going with the trend within next one month for your your -19 loss.
  • #10,699
  • Jul 26, 2007 11:19am Jul 26, 2007 11:19am
Quoting dimmi
What if you have lost pips for the week, and your wife is pregnant, parents are dying, you are missing one leg and really need some groceries?
Hop
  • #10,700
  • Jul 26, 2007 11:19am Jul 26, 2007 11:19am
Quoting auslanco
dont take this GBP/JPY position unless you are a experience scalper because you are going against the trend... very dangerous....
we will make 1900 pips by going with the trend within next one month for your your -19 loss.


Goodnight, see you next week.
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