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Daily GBP/JPY analysis

  • #10,781
  • Jul 26, 2007 2:02pm Jul 26, 2007 2:02pm
Quoting bballfan31
Glad there is somebody who has the same target (300) as I do.

So you better be long when this thing decides to start running...

People think I'm nuts
I'm with you, see you at 286
  • #10,782
  • Jul 26, 2007 2:07pm Jul 26, 2007 2:07pm
If it doesn't go any lower, retracement might be towards 244.75 area
Trade what you see, not what you think.
  • #10,783
  • Jul 26, 2007 2:10pm Jul 26, 2007 2:10pm
looks like she's out of gas here
  • #10,784
  • Jul 26, 2007 2:11pm Jul 26, 2007 2:11pm
Quoting karmostaji
If it doesn't go any lower, retracement might be towards 244.75 area
the 23 fib..
BAM BAM BOOM! -bravado
  • #10,785
  • Jul 26, 2007 2:13pm Jul 26, 2007 2:13pm
Quoting bravado
the 23 fib..
yea but there are 2 other fibs that might act as resistance, at 244 and at 244.35
Trade what you see, not what you think.
  • #10,786
  • Jul 26, 2007 2:14pm Jul 26, 2007 2:14pm
Quoting karmostaji
If it doesn't go any lower, retracement might be towards 244.75 area
Quoting 59fender
looks like she's out of gas here
i'm still counting on a 100 pip drop. have a long waiting there.
one long already placed @ 243.50.
BAM BAM BOOM! -bravado
  • #10,787
  • Jul 26, 2007 2:21pm Jul 26, 2007 2:21pm
Quoting bravado
i'm still counting on a 100 pip drop. have a long waiting there.
one long already placed @ 243.50.
Am I correct in that you are assuming that if price has retraced 50% of the current 4h bar it is most likely continuing in that direction?
  • #10,788
  • Jul 26, 2007 2:35pm Jul 26, 2007 2:35pm
Quoting bobblong
Am I correct in that you are assuming that if price has retraced 50% of the current 4h bar it is most likely continuing in that direction?
no.

this is what i've been looking at.
Attached Image
BAM BAM BOOM! -bravado
  • #10,789
  • Jul 26, 2007 2:45pm Jul 26, 2007 2:45pm
Quoting bravado
no.

this is what i've been looking at.
Nice and very simple......
  • #10,790
  • Jul 26, 2007 3:04pm Jul 26, 2007 3:04pm
Looks like it has hit the channel bottom from bravado's chart.

I think I will long this beast from here and see how it tortures me.

hm... interesting..
  • #10,791
  • Jul 26, 2007 3:07pm Jul 26, 2007 3:07pm
i believe it will drop one more day.
  • #10,792
  • Jul 26, 2007 3:09pm Jul 26, 2007 3:09pm
Looks like the Asian session tonight will be very interesting to say the least!
  • #10,793
  • Jul 26, 2007 3:12pm Jul 26, 2007 3:12pm
can't wait for the uptrend to beging, if it ever does in this century :
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #10,794
  • Jul 26, 2007 3:16pm Jul 26, 2007 3:16pm
USDJPY vs. GBPJPY

USDJPY initiates the anticipation of a drop on Yen crosses.

Attached Image


Attached Image


Attached Image
BAM BAM BOOM! -bravado
  • #10,795
  • Jul 26, 2007 3:19pm Jul 26, 2007 3:19pm
My datafeed looks A LOT different than the one on Bravado's chart.

Shux.
  • #10,796
  • Jul 26, 2007 3:20pm Jul 26, 2007 3:20pm
Great post bravado
Trade what you see, not what you think.
  • #10,797
  • Jul 26, 2007 3:21pm Jul 26, 2007 3:21pm
Quoting bravado
USDJPY vs. GBPJPY

USDJPY initiates the anticipation of a drop on Yen crosses.

Attachment

Attachment

Attachment
Nice charts Bravado. Shows the setup quite nicely.
  • #10,798
  • Jul 26, 2007 3:25pm Jul 26, 2007 3:25pm
Quoting bravado
USDJPY vs. GBPJPY

USDJPY initiates the anticipation of a drop on Yen crosses.
...
these are guide lines only. trade at your own discretion.

line chart based on closing prices. anything can happen in between.
i.e. candlestick wicks.
BAM BAM BOOM! -bravado
  • #10,799
  • Jul 26, 2007 3:28pm Jul 26, 2007 3:28pm
Bravado, what are you using to draw your lines?
  • #10,800
  • Jul 26, 2007 3:31pm Jul 26, 2007 3:31pm
Quoting bravado
going long @ 243.50.
agree, go long at 243.49 ,target 245
Don't be panic when it's negative
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