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Daily GBP/JPY analysis

  • #11,961
  • Jul 27, 2007 12:41pm Jul 27, 2007 12:41pm
Btw, RSI 14 in oversold on daily chart, look on history with it, very often gbpjpy has pulled up in such situation. Stoch 14 oversold also.
My predictive is 251 and above on next few weeks...
  • #11,962
  • Jul 27, 2007 12:44pm Jul 27, 2007 12:44pm
Quoting alex_raivola
Btw, RSI 14 in oversold on daily chart, look on history with it, very often gbpjpy has pulled up in such situation. Stoch 14 oversold also.
My predictive is 251 and above on next few weeks...
in february.. it went down 500 pips more after that rsi level of today...
  • #11,963
  • Jul 27, 2007 12:45pm Jul 27, 2007 12:45pm
here we go again...when it was moving towards 251, there were a bunch of guys, saying short short and lost hundreds of pips trying to short an upward trend...now trying to do the same with the downward trend....

of course the trend would reverse but by then these guys would have lost hundreds of pips...
  • #11,964
  • Jul 27, 2007 12:55pm Jul 27, 2007 12:55pm
ok. 38.2 retracement.. do your job...
  • #11,965
  • Jul 27, 2007 12:56pm Jul 27, 2007 12:56pm
aus, you still in your short? or out?
  • #11,966
  • Jul 27, 2007 12:56pm Jul 27, 2007 12:56pm
Quoting ns_karthik
here we go again...when it was moving towards 251, there were a bunch of guys, saying short short and lost hundreds of pips trying to short an upward trend...now trying to do the same with the downward trend....

of course the trend would reverse but by then these guys would have lost hundreds of pips...
i agree, but we can buy with small margin, at least to earn interest.
  • #11,967
  • Jul 27, 2007 12:58pm Jul 27, 2007 12:58pm
any suggestion?
  • #11,968
  • Jul 27, 2007 1:00pm Jul 27, 2007 1:00pm
Quoting Tingting
any suggestion?
don't panic, I think it will down again
Don't be panic when it's negative
  • #11,969
  • Jul 27, 2007 1:05pm Jul 27, 2007 1:05pm
Quoting Tingting
any suggestion?
hard to tell ... no safe trading now.
monday will be better
  • #11,970
  • Jul 27, 2007 1:09pm Jul 27, 2007 1:09pm
anyone think its gonna break 241 today?
  • #11,971
  • Jul 27, 2007 1:13pm Jul 27, 2007 1:13pm
Not sure guys, but GY just stepped outside its downward channel ish
Usd & Eur still inside the downward channel as i type.
C'mon get down
Le singe est dans l'arbre
  • #11,972
  • Jul 27, 2007 1:16pm Jul 27, 2007 1:16pm
ah damn fridays lo
lost a few pips, but i think i'm done for the week.
no need to force it after a good week.

hopefully we can get some good signals on monday.
  • #11,973
  • Jul 27, 2007 1:16pm Jul 27, 2007 1:16pm
Thanks Auslanco for all your guidance and help.
I hope next week will give us more pips.
I wish everyone a nice and relaxing weekend.

Lara
  • #11,974
  • Jul 27, 2007 1:21pm Jul 27, 2007 1:21pm
Quoting emda
in february.. it went down 500 pips more after that rsi level of today...
we have not so big fundamental factors to down 500 pips more...Dow is down and not anymore.
  • #11,975
  • Jul 27, 2007 1:25pm Jul 27, 2007 1:25pm
Quoting alex_raivola
we have not so big fundamental factors to down 500 pips more...Dow is down and not anymore.
What was the fundamental factors/main driver back in Late February/Early march that made a 1700 pip correction under 2 weeks. What was different then than now? Please explain.
  • #11,976
  • Jul 27, 2007 1:26pm Jul 27, 2007 1:26pm
Quoting auslanco
this pair can have big swings during the week end.. I dont advise to leave it open

but aus i am hedged on eur/jpy what do i do, both -ve 40 pips

can i also be on your yahoo messenger list? [email protected]
THE TREND IS UR FRIEND
  • #11,977
  • Jul 27, 2007 1:28pm Jul 27, 2007 1:28pm
I am not so lucky this week coz only until today does this thread come to my attention.

2 thumbs up to you Aus. Not just for the excellent advises you've giving out generously, but also for volunteering to help our newbies out there. Well done, mate! I am proud of being an Aussie now.
  • #11,978
  • Jul 27, 2007 1:29pm Jul 27, 2007 1:29pm
Quoting Tingting
I am not so lucky this week coz only until today does this thread come to my attention.

2 thumbs up to you Aus. Not just for the excellent advises you've giving out generously, but also for volunteering to help our newbies out there. Well done, mate! I am proud of being an Aussie now.
a bunch of chances next week, watch closely
Don't be panic when it's negative
  • #11,979
  • Jul 27, 2007 1:34pm Jul 27, 2007 1:34pm
who's still holding onto the short from earlier? I'm still in and waiting to close in profit
Trade what you see, not what you think.
  • #11,980
  • Jul 27, 2007 1:36pm Jul 27, 2007 1:36pm
Quoting karmostaji
who's still holding onto the short from earlier? I'm still in and waiting to close in profit
I am
learn something everyday
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