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Daily GBP/JPY analysis

  • #10,861
  • Jul 26, 2007 6:04pm Jul 26, 2007 6:04pm
Quoting m00jiman
Both are oversold. it should go up as you expected, and as we all expected.
yah. but you see. that's not good for me cause how will i do a "told you so" dance if everyone is in it.

if it doesn't unwind that is.

i got an idea.

hmmm.. if it unwinds. it'll be everyones fault. i didn't expect anything.
BAM BAM BOOM! -bravado
  • #10,862
  • Jul 26, 2007 6:04pm Jul 26, 2007 6:04pm
Quoting auslanco
HMMM... hope people will listen and learn one day
Good morning
I think it will be attractive day to you.
it looks it's unwinding and targeting 235
any advise?
Don't be panic when it's negative
  • #10,863
  • Jul 26, 2007 6:05pm Jul 26, 2007 6:05pm
Quoting auslanco
HMMM... hope people will listen and learn one day
Well considering this is the BEST week I have ever had thus far I think I will listen to you auslanco.

Thanks for a great week
  • #10,864
  • Jul 26, 2007 6:06pm Jul 26, 2007 6:06pm
Hey Auslan - did you get enough sleep? You missed a lot of action while you were gone..
  • #10,865
  • Jul 26, 2007 6:08pm Jul 26, 2007 6:08pm
every one who's going long is going aganist the trend... still the trend is very much bearish... no bull confirmation...
Attached Image (click to enlarge)
Click to Enlarge Name: save.jpg Size: 57 KB
  • #10,866
  • Jul 26, 2007 6:09pm Jul 26, 2007 6:09pm
nice retracement happening though.
  • #10,867
  • Jul 26, 2007 6:10pm Jul 26, 2007 6:10pm
Quoting auslanco
every one who's going long is going aganist the trend... still the trend is very much bearish... no bull confirmation...
agreed.
BAM BAM BOOM! -bravado
  • #10,868
  • Jul 26, 2007 6:11pm Jul 26, 2007 6:11pm
Aussie
How did you talk the wife into letting you get back on the computer

:surprised
  • #10,869
  • Jul 26, 2007 6:12pm Jul 26, 2007 6:12pm
i,ve been gone all day---missed the big drop
auslanco
any thoughts on retrace reentry?
Bring It...
  • #10,870
  • Jul 26, 2007 6:12pm Jul 26, 2007 6:12pm
Quoting VishalJ
Hey Auslan - did you get enough sleep? You missed a lot of action while you were gone..

HI Vishal...yehh not bad.. I only sleep max 6 hrs a day... so I got my quick fix.....
  • #10,871
  • Jul 26, 2007 6:13pm Jul 26, 2007 6:13pm
big japanese election this weekend .. can this be one of reason for the unwinding?
  • #10,872
  • Jul 26, 2007 6:13pm Jul 26, 2007 6:13pm
Quoting gr8collector
nice retracement happening though.
actually auslanco is right.

it could be setting up to go lower.
BAM BAM BOOM! -bravado
  • #10,873
  • Jul 26, 2007 6:13pm Jul 26, 2007 6:13pm
Quoting auslanco
HI Vishal...yehh not bad.. I only sleep max 6 hrs a day... so I got my quick fix.....
Hey! Any quick tip on how long this retracment will continue?
  • #10,874
  • Jul 26, 2007 6:13pm Jul 26, 2007 6:13pm
Check out July of each year and we can see a pattern.

http://img442.imageshack.us/img442/4...004ayg3.th.gif

July 2004: retrace around 48% of the same month

http://img442.imageshack.us/img442/8...005agp6.th.gif

July 2005: retrace over 160%

http://img442.imageshack.us/img442/5...006afl3.th.gif

July 2006: retrace around 50%

http://img442.imageshack.us/img442/4...007ave2.th.gif

July 2007: retrace over 160%

I don't know the future of this month.
  • #10,875
  • Jul 26, 2007 6:14pm Jul 26, 2007 6:14pm
Quoting jules
i,ve been gone all day---missed the big drop
auslanco
any thoughts on retrace reentry?
Originally Posted by Al_Have1 http://www.forexfactory.com/images/buttons/viewpost.gif
Just to recap:

  1. Auslanco is done trading for the week (and for a good reason...actually 500 reasons)
  2. His trading style does not go against the trend (in other words, he doesn't scalp the retracts)
  3. He never turns a winning trade into a loser
  4. He doesn't enter trades until the indicators line up on the D & 4h, then he enters on the lineup of the 1h

Yet, many are asking him for advice on how to break his rules. Sounds like a recipe for disaster.

  • #10,876
  • Jul 26, 2007 6:15pm Jul 26, 2007 6:15pm
Hi Aussie...

Thought you said you wanted to spend some money you've worked hard for. I guess you want to make more.

You wanna trade in the asian session. You're really welcome.
  • #10,877
  • Jul 26, 2007 6:22pm Jul 26, 2007 6:22pm
4h forming a hammer....i more hour to go though before candle closes....hell of a day!!
"it doesn't come any sharper than this!"
  • #10,878
  • Jul 26, 2007 6:23pm Jul 26, 2007 6:23pm
Look guys... the 1hr trend is turning bullish...this is DO NOT mean the pair it's turning bullish.. the 4 hr is still bearish.. so by 1hr turning into bullish means .. the pair is going to go on a rangebound before the next break out... we do not know whether the next break out will be Bull or bear... so please stay away ... no use chasing 20-50 pips when there are 300-400 easy pips on the table if the 1hr turn bearish again or 4hr slowley turn bullish...so I will let every one know when the next break out begun... it may not be this week ....
Attached Image (click to enlarge)
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  • #10,879
  • Jul 26, 2007 6:25pm Jul 26, 2007 6:25pm
here's the 1hr turning bullish
Attached Image
  • #10,880
  • Jul 26, 2007 6:26pm Jul 26, 2007 6:26pm
thank you!
that's what i wanted to know

j
Bring It...
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