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Daily GBP/JPY analysis

  • #11,281
  • Jul 27, 2007 2:25am Jul 27, 2007 2:25am
Hey it worked for me, I was 124 on 3 orders.

Happy happy
  • #11,282
  • Jul 27, 2007 2:25am Jul 27, 2007 2:25am
+29 here, will attack it again at the move up.

LOL

Good job "A"

We like having fun.....
  • #11,283
  • Jul 27, 2007 2:26am Jul 27, 2007 2:26am
Quoting auslanco
sorry guys that was a crappy trade... next time will go with a better confirmation for atleast 200 pip profits
no prob man...part of the game
  • #11,284
  • Jul 27, 2007 2:26am Jul 27, 2007 2:26am
Quoting auslanco
sorry guys that was a crappy trade... next time will go with a better confirmation for atleast 200 pip profits
So what, no retracement? yes or no?
What's our next step?
  • #11,285
  • Jul 27, 2007 2:26am Jul 27, 2007 2:26am
Quoting karmostaji
yea 31 here, thanks bro

btw, can you enlighten me of where you got that 242.60 area retracement? I've got the same on 1hr chart but i want to know how are you looking at it

Is it again the 5SMA retrace on H1 TF?
Cause my momentum indcator on MT looks exactly like the one Asulanco uses on VT
  • #11,286
  • Jul 27, 2007 2:26am Jul 27, 2007 2:26am
Quoting auslanco
it's going to retrace up to 242.60 area

we can get a better entry there... and the profit target wiil be 240.12
What would be an SL on an entryu order like that?
  • #11,287
  • Jul 27, 2007 2:27am Jul 27, 2007 2:27am
Quoting mcmep11
Hey it worked for me, I was 124 on 3 orders.

Happy happy

you bastard, you beat me.
  • #11,288
  • Jul 27, 2007 2:28am Jul 27, 2007 2:28am
What effect will this being a Friday have on the markets? Do you think G/J will head lower.. and then retrace a few hundred pips towards the end of the day? I've seen that happen usually with gbp/usd (if it goes down during new york session mornings.. it eventually goes back up before closing of the day)
  • #11,289
  • Jul 27, 2007 2:28am Jul 27, 2007 2:28am
Quoting markam
you bastard, you beat me.
sorry man! I jumped the gun a little early!
  • #11,290
  • Jul 27, 2007 2:29am Jul 27, 2007 2:29am
Quoting ovidiu
Is it again the 5SMA retrace on H1 TF?
Cause my momentum indcator on MT looks exactly like the one Asulanco uses on VT
I just plotted what you said and it is actually what "A" said

but I'm using cornflower method and there's a possibility to retrace to 242.60 area, i'll wait and short there if "A" agrees
Trade what you see, not what you think.
  • #11,291
  • Jul 27, 2007 2:30am Jul 27, 2007 2:30am
this monster may go down to 237-238 area within next week..
  • #11,292
  • Jul 27, 2007 2:30am Jul 27, 2007 2:30am
The GU is still selling off nicely, but the UJ has taken a few buyers here.

Lets wait for those UJ sellers to bring the bear down on that bull, then we will once again press downward to attempt a breach on the low at 241.41 line.

You Gotta Love this tug o war going on, It gets better and better everyday.

Be patient, it will reveal itself soon enough.

Ken
  • #11,293
  • Jul 27, 2007 2:30am Jul 27, 2007 2:30am
plus 12 is better than neg 12
no problem
thank you
  • #11,294
  • Jul 27, 2007 2:31am Jul 27, 2007 2:31am
at least my Gu is screaming away...lol
  • #11,295
  • Jul 27, 2007 2:31am Jul 27, 2007 2:31am
Quoting karmostaji
I just plotted what you said and it is actually what "A" said

but I'm using cornflower method and there's a possibility to retrace to 242.60 area, i'll wait and short there if "A" agrees

thats right it may retrace to 242.60
  • #11,296
  • Jul 27, 2007 2:31am Jul 27, 2007 2:31am
gbp/usd is heading down debating on weather i should actually get out or not allthough i am not in profit yet
  • #11,297
  • Jul 27, 2007 2:32am Jul 27, 2007 2:32am
Quoting auslanco
this monster may go down to 237-238 area within next week..
It will go down next week.
We haven't see 240, yet.
  • #11,298
  • Jul 27, 2007 2:34am Jul 27, 2007 2:34am
I need to sleep before next week....LOL
  • #11,299
  • Jul 27, 2007 2:34am Jul 27, 2007 2:34am
Quoting auslanco
thats right it may retrace to 242.60
I sent you PM please read it.
  • #11,300
  • Jul 27, 2007 2:36am Jul 27, 2007 2:36am
I'm starting to think no retracement, just a dive here soon.
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