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Daily GBP/JPY analysis

  • #11,301
  • Jul 27, 2007 2:36am Jul 27, 2007 2:36am
Quoting VishalJ
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)

big effect... I'm not going to trade my account if this drags to NY session..but who ever want to trade I will giva a reccomendation .
  • #11,302
  • Jul 27, 2007 2:37am Jul 27, 2007 2:37am
Quoting markam
I'm starting to think no retracement, just a dive here soon.
that would be nice for me not for everyone else though hopefully it gives a clear signal before it does
  • #11,303
  • Jul 27, 2007 2:37am Jul 27, 2007 2:37am
Quoting auslanco
this monster may go down to 237-238 area within next week..
Now that would be something to write home about.

I had previously thought we would be up all next week before the close of the month, also, I had us in a key area of a Elliott Wave #4 completion in this range below 243.00.

But those are only analysis, which I love to watch, but the move to your 237 level would be very attractive to my Shorts from 249.85 level I have in.

I will also scalp my way down the scale with you here, adding to profits for fun.

Thanks Bro.

Good trading and don't wear yourself out.
  • #11,304
  • Jul 27, 2007 2:40am Jul 27, 2007 2:40am
The way I see it G/Y needs to clear 241.40 and hold to confirm a fall..


Thats my view for what its worth..
  • #11,305
  • Jul 27, 2007 2:40am Jul 27, 2007 2:40am
dollar looks like it is reversing against all currencies
  • #11,306
  • Jul 27, 2007 2:41am Jul 27, 2007 2:41am
Okay, looking for UJ to stall at 118.95, if so, we may see the next move down on UJ that coincides with the move down on GU.

This would propel us down and attempt to break 41 low here, lets give her some space and see.
  • #11,307
  • Jul 27, 2007 2:44am Jul 27, 2007 2:44am
ok... was retracing .... you are amazing auslanco
  • #11,308
  • Jul 27, 2007 2:44am Jul 27, 2007 2:44am
monarch

are you useing the 5sma as resistance..118.90/95.?
  • #11,309
  • Jul 27, 2007 2:44am Jul 27, 2007 2:44am
I'm getting ready to short at 242.60 area
Trade what you see, not what you think.
  • #11,310
  • Jul 27, 2007 2:45am Jul 27, 2007 2:45am
If this goes to 242.60 and then falls.. Auslanco, please adopt me
  • #11,311
  • Jul 27, 2007 2:46am Jul 27, 2007 2:46am
ok i am out now
  • #11,312
  • Jul 27, 2007 2:46am Jul 27, 2007 2:46am
I put in a sell at 242.30.

Lets see if I can guess the top.
  • #11,313
  • Jul 27, 2007 2:47am Jul 27, 2007 2:47am
Anyone knows where to locate the strength indicator??

Thanks!
  • #11,314
  • Jul 27, 2007 2:48am Jul 27, 2007 2:48am
TEST MESSAGE recieved
  • #11,315
  • Jul 27, 2007 2:48am Jul 27, 2007 2:48am
Auslanco,

When time to get back short, again.
Please announce it !!!!!
  • #11,316
  • Jul 27, 2007 2:48am Jul 27, 2007 2:48am
what do u think will happen with usd/jpy
  • #11,317
  • Jul 27, 2007 2:48am Jul 27, 2007 2:48am
Quoting markam
I put in a sell at 242.30.

Lets see if I can guess the top.
Careful.. don't want to be standing in front of a train..
  • #11,318
  • Jul 27, 2007 2:49am Jul 27, 2007 2:49am
Thought I would get cool points for hitting it

Oh well
  • #11,319
  • Jul 27, 2007 2:49am Jul 27, 2007 2:49am
Quoting emda
ok... was retracing .... you are amazing auslanco

NOt me.. my indicators
  • #11,320
  • Jul 27, 2007 2:50am Jul 27, 2007 2:50am
Yeah announce it in big red letters..
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