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Daily GBP/JPY analysis

  • #10,981
  • Jul 26, 2007 8:47pm Jul 26, 2007 8:47pm
is anyone else getting a buy signal on the 4hr chart
  • #10,982
  • Jul 26, 2007 8:49pm Jul 26, 2007 8:49pm
Quoting MikeW
Sounds like you need to read up a bit on money management. We should only be risking 1%-2% of our account per trade.

Mike
Thanks mike, ive learn my lesson, the bad thing is i always learn my lesson in hard way
  • #10,983
  • Jul 26, 2007 8:57pm Jul 26, 2007 8:57pm
Quoting auslanco
when i spot a trade or definitly @ 8.15 est
Just got back from a function and go to the end of the thread, seeing your post . I thought you take off until Monday? Are you making any call? Pls let me know. Thanks. BR
  • #10,984
  • Jul 26, 2007 8:57pm Jul 26, 2007 8:57pm
Quoting monarch
That is good, 30 years ago, amazing how time flies when having fun.

Ken

And musing through the past.... just 8 short years ago I was agonizing over the effects of Greenspan's 'unwinding' remarks concerning 'my' overvalued dot.com investments. One day away from ~$1M in value in my account and two days later backpeddling towards delisting. Thought I'd never return to that world.

When things were climbing in that era, I 'belonged' to a yahoo thread in a particular security that had as many as 1,000 posts in a single day. That was the most enjoyable, entertaining, educational time with such comaradarie from many fine folks... sprinkled with some real scumbags who were 'planted' by the MM to hype or discredit the action. It was easy to pick them out over time.

So I have been drawn to this GBPJPY group (this past week) that has shown it's true colors, character and personality as a great forex community of traders.

Let me thank all the key individuals who contribute to our successes. You know who you for making this experience so entertaining, educational and rewarding.... even the few, the proud and the "bored".

Dr. D.
  • #10,985
  • Jul 26, 2007 8:58pm Jul 26, 2007 8:58pm
well hello all. This is my first post and I just finished my first trade!! Woo Hoo. I got in at 243.18 and out at 243.99 for a tidy 81 pips. I got out because I don't think this retracement is done. The candles and macd just aren't showing enough buying power. (daily chart)
Scott
  • #10,986
  • Jul 26, 2007 9:19pm Jul 26, 2007 9:19pm
Quoting auslanco
The current down trend has the same charastaristics of the March 2200 pip unwinding... here's a snap shot of march on daily charts... please dont pull the trigger as yet.. we shall wait and see which way is the next break out... either way there are plenty of pips to be made..

Those charts look like my wife's AFib ECG / EKGs... which beats like a Jamaican band. I never let her near my charts or it would be worse.

Looks like I going to have to learn TA if I continue to hang out here. I've been a candlestick man with a nifty trend recognition software. I'll have to agree with you when you trade according to the trends, the charts and their indicators and let the mobs and masses react the way they will to the minutiae of the news and data.

Dr. D.
  • #10,987
  • Jul 26, 2007 9:23pm Jul 26, 2007 9:23pm
Quoting auslanco
stregnth indicator is a custom indicator... just google it.. i dont want to promote it on this thread since it's a commercial product. May be someone can negotiate with the company and get a commission .. donate it to a charity or something... because as soon as I mention it here they will have hundreds of sales
can you let me know where you get it i will try to get us a group discount

hopefully you can e-mail me if FF doesn't remove my e-mail at [email protected] if you dont want to put it on the thread
  • #10,988
  • Jul 26, 2007 9:27pm Jul 26, 2007 9:27pm
After a little Googling - I think this is what auslanco is talking about: http://www.tradecurrency.ca/ (hope I'm allowed to post links?) - for the Strength Indicator. And http://www.vtsystems.com/ - for the trading platform.

kokanee
  • #10,989
  • Jul 26, 2007 9:29pm Jul 26, 2007 9:29pm
Quoting bluerose
Just got back from a function and go to the end of the thread, seeing your post . I thought you take off until Monday? Are you making any call? Pls let me know. Thanks. BR
Hi Bluerose,

Nice hear you back.
Did you see any sign of market reversal or not?
I still have some short positions opened.
This retracement is huge, start to worry about it.

Anyone else has different openion?
  • #10,990
  • Jul 26, 2007 9:34pm Jul 26, 2007 9:34pm
Hi guys.. back again.. if you have any short position .. cash tthem @ a suitable price..we may have a major retracement upto 246+ area...
  • #10,991
  • Jul 26, 2007 9:35pm Jul 26, 2007 9:35pm
please dont go long... we still dont have a confirmation.. to go long
  • #10,992
  • Jul 26, 2007 9:36pm Jul 26, 2007 9:36pm
Quoting auslanco
Hi guys.. back again.. if you have any short position .. cash tthem @ a suitable price..we may have a major retracement upto 246+ area...
I believe so, because the DOW closed with a 4 hour pin bar.......meaning DOW will be up tomorrow.
  • #10,993
  • Jul 26, 2007 9:37pm Jul 26, 2007 9:37pm
Hi auslanco - welcome back

kokanee
  • #10,994
  • Jul 26, 2007 9:38pm Jul 26, 2007 9:38pm
Quoting kokanee
Hi auslanco - welcome back

kokanee
  • #10,995
  • Jul 26, 2007 9:42pm Jul 26, 2007 9:42pm
if the price gets up to 246.70 area.. we may have a buy signal..I will post that signal when I get a confirmation..but please be aware that today is friday... and take that trade only if you really have to...
  • #10,996
  • Jul 26, 2007 9:43pm Jul 26, 2007 9:43pm
Quoting kokanee
After a little Googling - I think this is what auslanco is talking about: http://www.tradecurrency.ca/ (hope I'm allowed to post links?) - for the Strength Indicator. And http://www.vtsystems.com/ - for the trading platform.

kokanee
is this it ????
  • #10,997
  • Jul 26, 2007 9:44pm Jul 26, 2007 9:44pm
Quoting auslanco
if the price gets up to 246.70 area.. we may have a buy signal..I will post that signal when I get a confirmation..but please be aware that today is friday... and take that trade only if you really have to...
Has the big retracement confirmed, yet?
  • #10,998
  • Jul 26, 2007 9:44pm Jul 26, 2007 9:44pm
Quoting PipJunkie
is this it ????
  • #10,999
  • Jul 26, 2007 9:46pm Jul 26, 2007 9:46pm
Quoting trader8686
Has the big retracement confirmed, yet?

no... it's on the daily chart..daily chart retracement are not tradable... too risky...
  • #11,000
  • Jul 26, 2007 9:47pm Jul 26, 2007 9:47pm
Hi Auslanco

How do you determine it is bullish when price get to 246.70?
What is the price for bearish??

Thanks!


Quoting auslanco
if the price gets up to 246.70 area.. we may have a buy signal..I will post that signal when I get a confirmation..but please be aware that today is friday... and take that trade only if you really have to...
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