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Daily GBP/JPY analysis

  • #12,141
  • Jul 30, 2007 12:19pm Jul 30, 2007 12:19pm
and it keeps on going.

pips after pips. profits after profits.
bravado.
a pro.
BAM BAM BOOM! -bravado
  • #12,142
  • Jul 30, 2007 12:20pm Jul 30, 2007 12:20pm
Quoting persian.forex
haha

250 pips today
right on!
BAM BAM BOOM! -bravado
  • #12,143
  • Jul 30, 2007 12:23pm Jul 30, 2007 12:23pm
Quoting persian.forex
haha

250 pips today
had a uj trade long from 118.06 which i took for profit at 119.10.
wondering if i should get back in.
BAM BAM BOOM! -bravado
  • #12,144
  • Jul 30, 2007 12:27pm Jul 30, 2007 12:27pm
Quoting bravado
and it keeps on going.

pips after pips. profits after profits.
bravado.
a pro.
Nice profit!!!

How the way to be like U??
Ionly beginer and don't know how to start!
Please give me some PIPS
  • #12,145
  • Jul 30, 2007 12:27pm Jul 30, 2007 12:27pm
Quoting emda
ah... so.. it's going against the trend... and playing hard...
very risky
What trend are you talking about? The only people talking about a downwards trend were the auslanco folks and I with all due respect I think that is a load of nonsense, and nobody has replied to it:

Bring up a H4 chart or a daily chart zoomed out to maximum. Do you see a downtrend? If you mean the latest selloff is going to establish a long period of carry unwinding and therefore consider that now we are in a downtrend then ok, but for the last ..lets see..eternity the japanese crosses have been in a continuous uptrend due to interest rate differences. You rarely see the GBPJPY going down for more than 3 weeks at a time, it just doesn't happen very often, and right now we are in the middle of a big selloff in a very strong uptrend. No downward channel has been given a chance to develop yet. Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #12,146
  • Jul 30, 2007 12:38pm Jul 30, 2007 12:38pm
Quoting indo_trader
Nice profit!!!

How the way to be like U??
Ionly beginer and don't know how to start!
i do nothing out of the ordinary.
i use channels, trend lines, sometimes fibs, MACD's, some candle stick patterns.

there are informations on these everywhere.

know that what works for me may not work for you.

know that,
it is good to listen to or read what other successful traders have to say.

but also know THIS:
the BEST mentor you can have is YOURSELF.

and the best tool you can have is trading ITSELF.

just trade. and keep trading.

get experience.
BAM BAM BOOM! -bravado
  • #12,147
  • Edited 5:05pm Jul 30, 2007 12:42pm | Edited 5:05pm
took good profit @ 521+ pips.
BAM BAM BOOM! -bravado
  • #12,148
  • Jul 30, 2007 12:48pm Jul 30, 2007 12:48pm
Quoting bravado
i do nothing out of the ordinary.
i use channels, trend lines, sometimes fibs, MACD's, some candle stick patterns.

there are informations on these everywhere.

know that what works for me may not work for you.

know that,
it is good to listen to or read what other successful traders have to say.

but also know THIS:
the BEST mentor you can have is YOURSELF.

and the best tool you can have is trading ITSELF.

just trade. and keep trading.

get experience.
THANK FOR THE TIPS I'L always remember that's
NOW what your opinion about GJ that's will be up against?
Yesterday I was broken with GJ, I get -700 PIPS and now I haven't live money on my account!
HELP ME MASTER!
Please give me some PIPS
  • #12,149
  • Jul 30, 2007 12:58pm Jul 30, 2007 12:58pm
I think the correction we saw last week may be coming to an end..
It is time to go longs again on this monster.
  • #12,150
  • Jul 30, 2007 1:01pm Jul 30, 2007 1:01pm
Come asian session ,i think all the Japanese housewives would be back on their asses to buy more GBP.
  • #12,151
  • Jul 30, 2007 1:28pm Jul 30, 2007 1:28pm
Quoting Plutonite
What trend are you talking about? The only people talking about a downwards trend were the auslanco folks and I with all due respect I think that is a load of nonsense, and nobody has replied to it:

Bring up a H4 chart or a daily chart zoomed out to maximum. Do you see a downtrend? If you mean the latest selloff is going to establish a long period of carry unwinding and therefore consider that now we are in a downtrend then ok, but for the last ..lets see..eternity the japanese crosses have been in a continuous uptrend due to interest rate differences. You rarely see the GBPJPY going down for more than 3 weeks at a time, it just doesn't happen very often, and right now we are in the middle of a big selloff in a very strong uptrend. No downward channel has been given a chance to develop yet. Good luck.
ok.. here is my chart... for me.. until the yellow trendline is broken.. it is a down trend.. lower lows.. lower highs of the day...
today was a 23.6 retracement... a good one... you can go for it.. but now maybe can go down another 1000 pips...
I'm sideways until confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: trend.jpg Size: 72 KB
  • #12,152
  • Jul 30, 2007 1:33pm Jul 30, 2007 1:33pm
4hr chart showing a third wave up should produce a wave higher than the previous wave
  • #12,153
  • Jul 30, 2007 1:53pm Jul 30, 2007 1:53pm
sweet sweet yen.

http://www.wlv.ac.uk/images/nws-thb-thumbsup.jpg
BAM BAM BOOM! -bravado
  • #12,154
  • Jul 30, 2007 2:39pm Jul 30, 2007 2:39pm
Quoting digitizer123
Could you explain "wait it out"???? wait for what??? Please explain
obviously have no clue if this going to be like february or not if one is asking.

trying to figure out how much more it will dive is useless at that point.
wait. until you get a bearing.

i know there are people who are saying guppy will dive for 1000+ pips from current levels.

they obviously see something you don't.

in that case, wait. until you see it too.
BAM BAM BOOM! -bravado
  • #12,155
  • Jul 30, 2007 2:41pm Jul 30, 2007 2:41pm
Quoting Plutonite
Wait for the apples to fall and the tides to turn and the eagles to circle around and the pretty girls to start dancing

Oh wait..are we being cryptic?
Plutonite!
BAM BAM BOOM! -bravado
  • #12,156
  • Jul 30, 2007 2:47pm Jul 30, 2007 2:47pm
Quoting bravado
obviously have no clue..dive for 1000+ pips from current levels..
or 1000+ pips up from current level.

my discipline does not allow me to see that far.
BAM BAM BOOM! -bravado
  • #12,157
  • Jul 30, 2007 2:56pm Jul 30, 2007 2:56pm
Quoting emda
ok.. here is my chart... for me.. until the yellow trendline is broken.. it is a down trend.. lower lows.. lower highs of the day...
today was a 23.6 retracement... a good one... you can go for it.. but now maybe can go down another 1000 pips...
I'm sideways until confirmation.
Nice Chart emda. My chart has Guppy going up to around the 244.00 level - the point where all of your lines intersect before starting a large down movement. This could potentially go to 221.00 but probably no more.

Z
  • #12,158
  • Jul 30, 2007 3:04pm Jul 30, 2007 3:04pm
Quoting Zoran
Nice Chart emda. My chart has Guppy going up to around the 244.00 level - the point where all of your lines intersect before starting a large down movement. This could potentially go to 221.00 but probably no more.

Z
yes... this intersection point... is very sweet...
  • #12,159
  • Jul 30, 2007 3:19pm Jul 30, 2007 3:19pm
sweeeeeeeeeeeeet
would have been perfect a little more down... in the 38.2 retracement...
Attached Image (click to enlarge)
Click to Enlarge Name: intersection.jpg Size: 70 KB
  • #12,160
  • Jul 30, 2007 3:19pm Jul 30, 2007 3:19pm
Quoting bravado
or 1000+ pips up from current level.

my discipline does not allow me to see that far.
yes i agree, target is 251 and probably above.
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