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Daily GBP/JPY analysis

  • #11,921
  • Jul 27, 2007 11:47am Jul 27, 2007 11:47am
Quoting Ryurina
What do you mean by "tuff cookie" ?
I'm still short from 50

hope it wont bounce back 200 pips up before come down again.. friday any thing could happen.
  • #11,922
  • Jul 27, 2007 11:49am Jul 27, 2007 11:49am
Great week isn't it?With so much profit.Special thanks to Auslanco our hero. We'll see next week boys i hope every one'll have a nice wekend.
  • #11,923
  • Jul 27, 2007 11:49am Jul 27, 2007 11:49am
dropping again....
lol man i hate fridays
  • #11,924
  • Jul 27, 2007 11:53am Jul 27, 2007 11:53am
Quoting digitizer123
Finally I get to post . . . I have been following this thread for a while but never registered - just quitely reading. For the past few days though I have been here constantly - but unable to post though I had question. I registered yesterday while trying to post and just now my posting priviledge were authorised . . . .

Thanks for all your contribution though I feel it was beeter before so many people started complicating this with the "Please add me to Yahoo" thing.

My question -
1) Past few corrections bounced back and changed direction from this trendline - at todays bottom, what is the possibility of that repeating?

2) I am new - but can you guys tell me what was the driver for the big correction back in late Feb/early March - it dropped 1700+ pips in less than 2 tweeks - How severe is present condition compare to Late Feb? What is the probabilty of this turning out to be a correction that severe?

Thanks
1. yes.. trendlines in summer are very weak... I expect to trade with indicators instead of trendlines this august.

2. i think it is being severe... but.. if you see the daily chart... that -2000 pips in february.. didn't change at all the slope of the big trend after it.
  • #11,925
  • Jul 27, 2007 11:56am Jul 27, 2007 11:56am
Quoting auslanco
I will close it @ 16 EST
Sorry Auslanco, just want to ask...

What if already 16 EST and i'm still minus ?
Just close it or let it running ?

Thanks... Please give me advice...
  • #11,926
  • Jul 27, 2007 12:01pm Jul 27, 2007 12:01pm
which trendline are you guys talking about? someone post a chart

I'm waiting for a bounce to get in short
Trade what you see, not what you think.
  • #11,927
  • Jul 27, 2007 12:02pm Jul 27, 2007 12:02pm
it may break the trend line... but be careful... if you havent got in to this trade.. please dont as we will have a another trade at the begining of the week.. a less riskier one.
  • #11,928
  • Jul 27, 2007 12:03pm Jul 27, 2007 12:03pm
page 792 of this thread, down to the end, if you want to see the chart.
  • #11,929
  • Jul 27, 2007 12:04pm Jul 27, 2007 12:04pm
Quoting I.Y.I
Great week isn't it?With so much profit.Special thanks to Auslanco our hero. We'll see next week boys i hope every one'll have a nice wekend.

me exuasted
  • #11,930
  • Jul 27, 2007 12:06pm Jul 27, 2007 12:06pm
aus,,, what time will you be trading sunday night/monday am?
  • #11,931
  • Jul 27, 2007 12:06pm Jul 27, 2007 12:06pm
Quoting Ryurina
Sorry Auslanco, just want to ask...

What if already 16 EST and i'm still minus ?
Just close it or let it running ?

Thanks... Please give me advice...
I am no auslanco but I do my best to not leave trades on the table over the week end. Of course I am not a 4hr position trader either. I am just like you, still learning and can not leave 100 to 500 pips out there for a draw like others can. BUT perhaps in a few weeks with the help here I might become that kind of a trader.

Good luck my friend and have a good week end.
  • #11,932
  • Jul 27, 2007 12:06pm Jul 27, 2007 12:06pm
I've been following this thread in silence.
Thanks "A" for your signals and all who have participated. I will be going on holidays tomorrow, so I'll see you in a couple of weeks time.

In the meantime, I wish you all happy andd profitable trades.
  • #11,933
  • Jul 27, 2007 12:06pm Jul 27, 2007 12:06pm
Quoting auslanco
me exuasted
please sleep very well this weekend
  • #11,934
  • Jul 27, 2007 12:07pm Jul 27, 2007 12:07pm
Quoting auslanco
me exuasted

I'm sure you are.

So have you been trading alone for the past 2.5 years? It's probably a lot more tiring this way, but more fun.
  • #11,935
  • Jul 27, 2007 12:07pm Jul 27, 2007 12:07pm
Quoting auslanco
it may break the trend line... but be careful... if you havent got in to this trade.. please dont as we will have a another trade at the begining of the week.. a less riskier one.
I need to find out how the autoexec trading with you can be set-up - u think its possible b4 the begining of trading next week?
  • #11,936
  • Jul 27, 2007 12:08pm Jul 27, 2007 12:08pm
Quoting Ryurina
Sorry Auslanco, just want to ask...

What if already 16 EST and i'm still minus ?
Just close it or let it running ?

Thanks... Please give me advice...

Hi.

If you hold over the weekend then you have no idea what will the price will be when the market opens on Monday. If you close your position now then you will have the knowledge of what needs to be done next week to get you back into profit.

http://www.forexfactory.com/images/icons/icon7.gif
  • #11,937
  • Jul 27, 2007 12:08pm Jul 27, 2007 12:08pm
Quoting auslanco
me exuasted
Get some rest my Mentor and Teacher, you have earned it with out a doubt.

should you see that I "kevinsw7" have added you to my messenger it is your choise, I know you will return here..lol
  • #11,938
  • Jul 27, 2007 12:09pm Jul 27, 2007 12:09pm
whats the TP for this last trade?
Will YM chat/signal be available next week?
  • #11,939
  • Jul 27, 2007 12:12pm Jul 27, 2007 12:12pm
A good week end to all of you
  • #11,940
  • Jul 27, 2007 12:14pm Jul 27, 2007 12:14pm
closed at 50. +0 pips. :
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