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Daily GBP/JPY analysis

  • #10,801
  • Jul 26, 2007 1:32pm Jul 26, 2007 1:32pm
Quoting auslanco
if I can come up someway to inform all of you as soon as I spot a trade... then we all can enter @ the same time.
how about a mailing list?
  • #10,802
  • Jul 26, 2007 1:33pm Jul 26, 2007 1:33pm
Quoting bmwboyee
Bravado, what are you using to draw your lines?
SnagIt!
BAM BAM BOOM! -bravado
  • #10,803
  • Jul 26, 2007 1:39pm Jul 26, 2007 1:39pm
This and the Kiwi I are shaping up to be the buy targets for me for this next week or so. House wives are gonna go nuts soon, as far as I see it this has been the only decent bit of profit taking in awhile. Now I see some of the house wives launching back in to the fray with a nice fat fresh wallet to pummel the markets with.

Have been sold the Kiwi GY and EY. Buying now.

Thats my 2 yen
  • #10,804
  • Jul 26, 2007 1:56pm Jul 26, 2007 1:56pm
Quoting bravado
SnagIt!
Bravado....as you are expecting to go LONG on this pair soon based on your channel line, do you have any fears as to what happened in Feb? Looks like almost the same situation, big time drop today on Dow, 2nd biggest since Feb, could this lead to massive sell of all pairs like then again? thanks...
  • #10,805
  • Jul 26, 2007 2:04pm Jul 26, 2007 2:04pm
Just hopping in right now....

Can somebody let me know the hottest trade(s)... especially what this asian trading session would bring of the ffg pairs:
GJ
GU
UJ
EJ
  • #10,806
  • Jul 26, 2007 2:07pm Jul 26, 2007 2:07pm
Quoting khmr
Bravado....as you are expecting to go LONG on this pair soon based on your channel line..thanks...
Quote
do you have any fears as to what happened in Feb?
no fear.

that's what stop losses are for. i have more then enough pips under my account to with stand some losses.
MORE then ENOUGH.

Quote
Looks like almost the same situation, big time drop today on Dow, 2nd biggest since Feb, could this lead to massive sell of all pairs like then again?
yap. it could be another unwind. but i doubt it.

if it turns out to be one. my stop loss will take care of it.
BAM BAM BOOM! -bravado
  • #10,807
  • Jul 26, 2007 2:14pm Jul 26, 2007 2:14pm
Looks like the Jap housewives have gone shopping with their Yen.

23.6% fib broken. 237.60 area in view now.

G-Man
  • #10,808
  • Jul 26, 2007 2:16pm Jul 26, 2007 2:16pm
Quoting bravado
no fear.

that's what stop losses are for. i have more then enough pips under my account to with stand some losses.
MORE then ENOUGH.

yap. it could be another unwind. but i doubt it.

if it turns out to be one. my stop loss will take care of it.
OK...whats the next entry pt you're looking to go LONG on this pair and how big a SL do you set? I know different people have different tolerance but I just wanted a gauge to see where I could set mine, as I'm pretty sure I trade no where near the amounts you do. Thanks
  • #10,809
  • Jul 26, 2007 2:18pm Jul 26, 2007 2:18pm
becareful, there might be a trap for those who want to go short
Trade what you see, not what you think.
  • #10,810
  • Jul 26, 2007 2:21pm Jul 26, 2007 2:21pm
Quoting khmr
OK...whats the next entry pt you're looking to go LONG on this pair and how big a SL do you set? I know different people have different tolerance but I just wanted a gauge to see where I could set mine, as I'm pretty sure I trade no where near the amounts you do. Thanks
low 242.

sl will be set sometime after entry on candle action.
BAM BAM BOOM! -bravado
  • #10,811
  • Jul 26, 2007 2:21pm Jul 26, 2007 2:21pm
I'm impressed...

Still going down, didn't even stop for a good breather...
Greed and impatience are our greatest enemies.
  • #10,812
  • Jul 26, 2007 2:26pm Jul 26, 2007 2:26pm
61.8% retracement from June 8, see potential for real correction to 38.2% of move from march 5th to last current high. That number is 239.70. At that point, I'm ready for whatever happens.
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  • #10,813
  • Jul 26, 2007 2:28pm Jul 26, 2007 2:28pm
Quoting Rabax
I'm impressed...

Still going down, didn't even stop for a good breather...
yes, impressive , nonstop
Don't be panic when it's negative
  • #10,814
  • Jul 26, 2007 2:31pm Jul 26, 2007 2:31pm
nothing is forever..not highs ...not lows nor sideways...

look out belowwwwwwwwww
  • #10,815
  • Jul 26, 2007 2:33pm Jul 26, 2007 2:33pm
long @ 241.63
BAM BAM BOOM! -bravado
  • #10,816
  • Jul 26, 2007 2:33pm Jul 26, 2007 2:33pm
The S3 on the 4H chart of NZD/USD has been broken. I beginning to believe that USD is gaining strength. NZ market will soon open in the next 47 mins and the NZD trade balance is believed to go against the currency (probably because it's been overbought).

Considering the fact that the trend if NZD/USD is bearish and that USD is gaining value, i think the trade balance will make the pair to tank further. Still studying my chart anyway.... but if there's any suggestions it'll be very much appreciated.
  • #10,817
  • Jul 26, 2007 2:35pm Jul 26, 2007 2:35pm
holy crap gbp/jpy just went on a tear...dropped almost 200 pips in about an hour, looks like japanese traders are fleeing the carry trades.
  • #10,818
  • Jul 26, 2007 2:35pm Jul 26, 2007 2:35pm
Quoting bravado
long @ 241.63
long with you
Trade what you see, not what you think.
  • #10,819
  • Jul 26, 2007 2:40pm Jul 26, 2007 2:40pm
The cross is going crazy, is anybody still riding the wave?

August is going to be a good month for the Yen.

This baby is going down hard. Who's in.

And the main question. What are the pivot levels, is G going up again by the end of next week? What do you guys think??
  • #10,820
  • Jul 26, 2007 2:41pm Jul 26, 2007 2:41pm
Quoting karmostaji
long with you
let's see how it goes.
BAM BAM BOOM! -bravado
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