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Daily GBP/JPY analysis

  • #10,741
  • Jul 26, 2007 10:28am Jul 26, 2007 10:28am
To Mr. Auslanco and all of the other helpful contributors to this thread, thank you, very very much. I am just a forex noob (1 week live) and you have helped me make 200 pips in the past 12 hours. I look forward to continuing learning and trading with you all.
  • #10,742
  • Jul 26, 2007 10:30am Jul 26, 2007 10:30am
Quoting bravado
don't be ridiculous.
I've been waiting forward to trade during the asian session. Looking forward to some helpful tips from you (just like the great Aussie).

I'm actually studying NZD/USD as well as EUR/JPY. USD has rallied greatly against NZD today and with the trade balance release by 10:45GMT i'm expecting a turning point. In case of the EUR/JPY is noticed that the trend is bearish during asian session on Monday to Wednesday (although slightly bearish on wednesday).

Bravado what are your contributions to these? and what other suggestions do you have? coz i heard you are a PRO too.
  • #10,743
  • Jul 26, 2007 10:38am Jul 26, 2007 10:38am
Auslanco,

Don't see a successful retracement here. 243.81.
Last 1h candle closed below 244.20.
  • #10,744
  • Jul 26, 2007 10:41am Jul 26, 2007 10:41am
ic error at ff


Fatal error: Allowed memory size of 67108864 bytes exhausted (tried to allocate 51588 bytes) in /var/www/html/showthread.php on line 1227
  • #10,745
  • Jul 26, 2007 10:41am Jul 26, 2007 10:41am
I noticed that too, trader
  • #10,746
  • Jul 26, 2007 10:43am Jul 26, 2007 10:43am
Patience
Trade what you see, not what you think.
  • #10,747
  • Jul 26, 2007 10:46am Jul 26, 2007 10:46am
I would give serious consideration to USD/CHF. It has only retraced back to where it was 2 days ago. Plus, it is the only currency which is at least partially backed by gold. I think that we are entering a period of extreme risk for all fiat currencies, but especially for the dollar. If so, CHF may provide the safest haven of all currencies, and may show surprising strength against the dollar.
  • #10,748
  • Jul 26, 2007 10:49am Jul 26, 2007 10:49am
Quoting karmostaji
Patience
yes its a commodity thats pretty hard acquire especially when things are going against you....but theres no going around it...one must learn it
"it doesn't come any sharper than this!"
  • #10,749
  • Jul 26, 2007 10:53am Jul 26, 2007 10:53am
looks as if it wants to drop lower
  • #10,750
  • Jul 26, 2007 10:53am Jul 26, 2007 10:53am
Quoting hycebee
I've been waiting forward to trade during the asian session. Looking forward to some helpful tips from you (just like the great Aussie).

I'm actually studying NZD/USD as well as EUR/JPY. USD has rallied greatly against NZD today and with the trade balance release by 10:45GMT i'm expecting a turning point. In case of the EUR/JPY is noticed that the trend is bearish during asian session on Monday to Wednesday (although slightly bearish on wednesday).

Bravado what are your contributions to these? and what other suggestions do you have? coz i heard you are a PRO too.
dont hope too much, Bravado will never say anything interesting here except claiming to us all his own achievements. He may be a good trader as he claims, but he is a damn annoying poster here. I think he is frustrated and needs some social recognition of his abilities.
We leave no soldier behind.
  • #10,751
  • Jul 26, 2007 10:55am Jul 26, 2007 10:55am
Quoting markam
I would give serious consideration to USD/CHF. It has only retraced back to where it was 2 days ago. Plus, it is the only currency which is at least partially backed by gold. I think that we are entering a period of extreme risk for all fiat currencies, but especially for the dollar. If so, CHF may provide the safest haven of all currencies, and may show surprising strength against the dollar.
thieir is also a mid-term breakout on the swissy could go much lower
  • #10,752
  • Jul 26, 2007 10:57am Jul 26, 2007 10:57am
Quoting hycebee
I'm actually studying NZD/USD as well as EUR/JPY. USD has rallied greatly against NZD today and with the trade balance release by 10:45GMT i'm expecting a turning point. In case of the EUR/JPY is noticed that the trend is bearish during asian session on Monday to Wednesday (although slightly bearish on wednesday).
i don't know.
BAM BAM BOOM! -bravado
  • #10,753
  • Jul 26, 2007 10:59am Jul 26, 2007 10:59am
Quoting gagiul
..I think he is frustrated and needs some social recognition of his abilities.
you are correct.
if only you could analyze charts as well as people..
BAM BAM BOOM! -bravado
  • #10,754
  • Jul 26, 2007 11:00am Jul 26, 2007 11:00am
Quoting markam
I would give serious consideration to USD/CHF. It has only retraced back to where it was 2 days ago. Plus, it is the only currency which is at least partially backed by gold. I think that we are entering a period of extreme risk for all fiat currencies, but especially for the dollar. If so, CHF may provide the safest haven of all currencies, and may show surprising strength against the dollar.

i was hoping you would lend your view of the current dollar strength. In light of negative housing numbers coming out the usd is rallying. Is it the invisible hand just saving face or is it the big money selling? How do you gauge something like this. When the price isnt following the fundamentals? Just wanted to get your take
Trade what you see, not what you think.
  • #10,755
  • Jul 26, 2007 11:03am Jul 26, 2007 11:03am
Quoting 59fender
looks as if it wants to drop lower
That's what I see, at least no higher.
  • #10,756
  • Jul 26, 2007 11:05am Jul 26, 2007 11:05am
Auslanco,

Can you share how did you find out the retracement?
Not to challange, just like to learn. Thanks.

Trader8686
  • #10,757
  • Jul 26, 2007 11:07am Jul 26, 2007 11:07am
My own analysis using fibo retracements, the 50% was just broken (4H chart) and next target might be 242.80 area

Please do your analysis and trade at your own risk, ty
Trade what you see, not what you think.
  • #10,758
  • Jul 26, 2007 11:08am Jul 26, 2007 11:08am
Quoting bravado
you are correct.
if only you could analyze charts as well as people..
Now that did make me smile.......so unkind tho:
  • #10,759
  • Jul 26, 2007 11:15am Jul 26, 2007 11:15am
It drops big time!
  • #10,760
  • Jul 26, 2007 11:21am Jul 26, 2007 11:21am
take profit @243.10.

all gj short position $cashed$.
BAM BAM BOOM! -bravado
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