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Daily GBP/JPY analysis

  • #12,161
  • Jul 30, 2007 5:22pm Jul 30, 2007 5:22pm
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.
Well that it explains it

15 min charts do not show market trends, just current movements of no more than a day or two. A trend is not established in a day. Your system may work of course, I just had a gripe with people last week telling others not to buy against the trend when the trend was in fact always northwards, the reason for not buying was a breakout/panick not a trend. I kept my mouth shut not to ruin the fun, oh well. Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #12,162
  • Jul 30, 2007 5:24pm Jul 30, 2007 5:24pm
i am still currently up 660+ pips on gj only. not realized profit yet.
will bag the pips soon.

aj took for good profit previously.
BAM BAM BOOM! -bravado
  • #12,163
  • Jul 30, 2007 5:26pm Jul 30, 2007 5:26pm
Quoting Plutonite
Well that it explains it

15 min charts do not show market trends, just current movements of no more than a day or two. A trend is not established in a day. Your system may work of course, I just had a gripe with people last week telling others not to buy against the trend when the trend was in fact always northwards, the reason for not buying was a breakout/panick not a trend. I kept my mouth shut not to ruin the fun, oh well. Good luck.
oh well.. yes... that's because i'm intraday trader... but... i am starting to change to a longer timeframes trader... any suggestions? as enter the orders gradually or something like that?... I know the about the carry trend up... even in february... the 2000 pips down.... didn't change at all the slope of the trend up afterwards.
  • #12,164
  • Jul 30, 2007 5:27pm Jul 30, 2007 5:27pm
i am unstoppable.

i humble the market. the trend follows me.

pips after pips. profits after profits.
a pro.

always with humble humidity.
BAM BAM BOOM! -bravado
  • #12,165
  • Jul 30, 2007 5:28pm Jul 30, 2007 5:28pm
Quoting bravado
i am still currently up 660+ pips on gj only. not realized profit yet.
will bag the pips soon.

aj took for good profit previously.
why do you tell us your pips each hour? that's not a GBP JPY analysis
tell us your pips only after you close the order... we know you are gettings pips.
I'm just envious.. hehe
  • #12,166
  • Jul 30, 2007 5:32pm Jul 30, 2007 5:32pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting bravado
i am still currently up 660+ pips on gj only. not realized profit yet.
will bag the pips soon.

aj took for good profit previously.
i was about to long AJ, but your out. thats all i need to know LOL

seems to be good profit in AJ and GJ, will add them to my to learn list. just looked at charts - all over the place. the trend looks long, do these pairs have a habbit of dropping and then resetting to long? tempted to go long on GJ and see if it gets back up.
  • #12,167
  • Jul 30, 2007 5:45pm Jul 30, 2007 5:45pm
Quoting persian.forex
you could buy @ 240.15 after my pic send

and get 50 pips close here 240.65

its a low signal
SIGNAL IS VERY GOOD!

THANK'S MASTER VERY MUCHHHHH
NICE TO KNOW U!
Please give me some PIPS
  • #12,168
  • Jul 30, 2007 5:46pm Jul 30, 2007 5:46pm
How do you guys do it?? So impressive! I've been trading a few strategies that bag around 200 pips/month...nothing even close to what you do in a day (bravado). Maybe I just suck at drawing trendlines...or maybe I just have no idea what's going on...oh wait, those are probably synonymous
  • #12,169
  • Jul 30, 2007 6:01pm Jul 30, 2007 6:01pm
Quoting MPP
..seems to be good profit in AJ and GJ, will add them to my to learn list. just looked at charts - all over the place. the trend looks long, do these pairs have a habbit of dropping and then resetting to long? tempted to go long on GJ and see if it gets back up.
when they drop, they will drop hard.

weather it will reset to long remains to be seen.

i personally like aj better then gj.
gj may give you better pip range, but i trade 3x my usual lot on AUDUSD and AUDJPY pairs. they are cheaper on my capital.

so if gj moves 100 pips, and aj moves 30 pips, profit wise.. i'm up 30x3=90 pips on aj. usually when gj moves 100 pips, aj moves more then 30 pips.

aj does move slower then gj though. it's all up to your personal preference.

if you see that going long at current levels is a good idea, go for it.
if you are unsure, stay out until you are.
if you are wrong, you still win cause you gained experience.

taking signals may get you some pips, but will hurt you ultimately.
BAM BAM BOOM! -bravado
  • #12,170
  • Jul 30, 2007 6:04pm Jul 30, 2007 6:04pm
Quoting cyclone35
How do you guys do it??..
you just need to trade more.
and you will do that if you love trading.

no secret here.
BAM BAM BOOM! -bravado
  • #12,171
  • Jul 30, 2007 6:05pm Jul 30, 2007 6:05pm
can you please let me see your setup ?
  • #12,172
  • Jul 30, 2007 6:05pm Jul 30, 2007 6:05pm
Quoting cyclone35
..bag around 200 pips/month..
200 pips a month is EXCELLENT.

trading is NOT a competition.
BAM BAM BOOM! -bravado
  • #12,173
  • Jul 30, 2007 6:09pm Jul 30, 2007 6:09pm
currently up 809+ pips on GJ trade alone.
BAM BAM BOOM! -bravado
  • #12,174
  • Jul 30, 2007 6:10pm Jul 30, 2007 6:10pm
Quoting bravado
currently up 809+ pips on GJ trade alone.

amazing...
  • #12,175
  • Jul 30, 2007 6:12pm Jul 30, 2007 6:12pm
Quoting bravado
currently up 809+ pips on GJ trade alone.
LOL WTG Bravado
  • #12,176
  • Jul 30, 2007 6:14pm Jul 30, 2007 6:14pm
350 pipsssssssss
  • #12,177
  • Jul 30, 2007 6:18pm Jul 30, 2007 6:18pm
Quoting persian.forex
yes bravado

today is good, im making 200 pips
Quoting persian.forex
350 pipsssssssss
good call persian.forex.

today was indeed a great day for trading.
BAM BAM BOOM! -bravado
  • #12,178
  • Jul 30, 2007 6:19pm Jul 30, 2007 6:19pm
now i am going to sell and you are going to give me back some of your pips .... seriously.. I think you have to think to close those profits... I see a big down move before the carry trade starts again.... don't you agree?
  • #12,179
  • Jul 30, 2007 6:21pm Jul 30, 2007 6:21pm
Quoting bravado
good call persian.forex.

today was indeed a great day for trading.
yea
  • #12,180
  • Jul 30, 2007 6:23pm Jul 30, 2007 6:23pm
I agree but there is also a resistance line sitting at 244.00. I normally trade off daily and weekly charts so it's nice to see other lines matching up.

I'll be shorting around 244.00.

Z

Quoting Plutonite
Well that it explains it

15 min charts do not show market trends, just current movements of no more than a day or two. A trend is not established in a day. Your system may work of course, I just had a gripe with people last week telling others not to buy against the trend when the trend was in fact always northwards, the reason for not buying was a breakout/panick not a trend. I kept my mouth shut not to ruin the fun, oh well. Good luck.
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