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Daily GBP/JPY analysis

  • #12,241
  • Jul 31, 2007 8:21am Jul 31, 2007 8:21am
Quoting digitizer123
It will most likely consolidate - go down over the next few hours before it builds up enough energy - down to about 140ish - and then bounce from there

Let me be more specific - 240.50 ish

by the way I am sure you all realize 140 was a typo I meant 240ish
  • #12,242
  • Jul 31, 2007 8:29am Jul 31, 2007 8:29am
Quoting PIPsminer
..I hope to keep on improving..
also, better then these materials and what a successful trader has to say is your own experience.

so a healthy dose of skepticism is a must.

for instance, a popular saying in trading is:
a) know when to trade and not to trade.
b) have patience.

these are both double edged swords.

only through your own experience you will know the meaning behind these words.

in trading, you are always your best mentor. yes. even when you lose.
in trading, the act of trading itself is your best tool.
BAM BAM BOOM! -bravado
  • #12,243
  • Jul 31, 2007 8:30am Jul 31, 2007 8:30am
Quoting digitizer123
Let me be more specific - 240.50 ish

by the way I am sure you all realize 140 was a typo I meant 240ish
no you didn't. you said 140.
BAM BAM BOOM! -bravado
  • #12,244
  • Jul 31, 2007 8:38am Jul 31, 2007 8:38am
i'm THE:
greatest bestest the most excellently uberastic, superliciously ultralistic trader in the whole wide world.

i humble the market and the trend follows me.

pips after pips. profits after profits.
bravado.
a pro.
BAM BAM BOOM! -bravado
  • #12,245
  • Jul 31, 2007 8:38am Jul 31, 2007 8:38am
you are right bravado...
tons of patience...
everything with practice improves. EVERYTHING.
just a recommendation for beginners.. maybe... start trading another pair.. USDJPY... or EURUSD... easier than GBPJPY
  • #12,246
  • Jul 31, 2007 8:41am Jul 31, 2007 8:41am
Quoting emda
you are right bravado...
tons of patience...
everything with practice improves. EVERYTHING.
just a recommendation for beginners.. maybe... start trading another pair.. USDJPY... or EURUSD... easier than GBPJPY
i am indeed.

i am.. indeed.
BAM BAM BOOM! -bravado
  • #12,247
  • Jul 31, 2007 8:50am Jul 31, 2007 8:50am
Quoting bravado
also, better then these materials and what a successful trader has to say is your own experience.

so a healthy dose of skepticism is a must.

for instance, a popular saying in trading is:
a) know when to trade and not to trade.
b) have patience.

these are both double edged swords.

only through your own experience you will know the meaning behind these words.

in trading, you are always your best mentor. yes. even when you lose.
in trading, the act of trading itself is your best tool.
Very well said, Bravado. Just now learning this myself, that and the fact that consistency can only come with the patience to wait when needed.
  • #12,248
  • Jul 31, 2007 8:53am Jul 31, 2007 8:53am
WeW

Quoting bravado
i'm THE:
greatest bestest the most excellently uberastic, superliciously ultralistic trader in the whole wide world.

i humble the market and the trend follows me.

pips after pips. profits after profits.
bravado.
a pro.
  • #12,249
  • Jul 31, 2007 8:53am Jul 31, 2007 8:53am
Quoting bravado
no you didn't. you said 140.
For someone who I though was pretty smart, you are pretty stupid I see if you really think I really meant that this pair will drop down to 140 - when was the last time it traded at 140???? are you nuts man????
  • #12,250
  • Jul 31, 2007 8:57am Jul 31, 2007 8:57am
Quoting digitizer123
For someone who I though was pretty smart, you are pretty stupid I see if you really think I really meant that this pair will drop down to 140 - when was the last time it traded at 140???? are you nuts man????
whatever.

http://loststbernardpets.org/cat-smile.jpg
BAM BAM BOOM! -bravado
  • #12,251
  • Jul 31, 2007 8:59am Jul 31, 2007 8:59am
Quoting digitizer123
For someone who I though was pretty smart, you are pretty stupid I see if you really think I really meant that this pair will drop down to 140 - when was the last time it traded at 140???? are you nuts man????
relax man, hes teasing you.
  • #12,252
  • Jul 31, 2007 9:01am Jul 31, 2007 9:01am
Quoting keramikus
relax man, hes teasing you.
he did! he did say 140!

http://imagecache2.allposters.com/im...ie-Posters.jpg

oh well. maybe i was wrong..
BAM BAM BOOM! -bravado
  • #12,253
  • Jul 31, 2007 9:06am Jul 31, 2007 9:06am
Quoting bravado
he did! he did say 140!

http://imagecache2.allposters.com/im...ie-Posters.jpg

oh well. maybe i was wrong..
yeah he did say 140...
"it doesn't come any sharper than this!"
  • #12,254
  • Edited 9:20am Jul 31, 2007 9:07am | Edited 9:20am
That wedge is playing out nicely. Time to impact will be around late morning to midday (London time). Don't say you haven't been warned. Get your shorts and parachutes ready for those that like freestyle sky diving!

I'll be scaling into this one. Updated chart attached. Purple circle is the short zone!

Z
Attached Image
  • #12,255
  • Jul 31, 2007 9:11am Jul 31, 2007 9:11am
Quoting digitizer123
For someone who I though was pretty smart, you are pretty stupid I see if you really think I really meant that this pair will drop down to 140 - when was the last time it traded at 140???? are you nuts man????

242.40

140 (which curency...???)

LoL
  • #12,256
  • Jul 31, 2007 9:11am Jul 31, 2007 9:11am
Quoting Zoran
..Purple circle is the short zone!

Z
why in particular that purple spot?
BAM BAM BOOM! -bravado
  • #12,257
  • Jul 31, 2007 9:12am Jul 31, 2007 9:12am
Quoting emda
you are right bravado...

just a recommendation for beginners.. maybe... start trading another pair.. USDJPY... or EURUSD... easier than GBPJPY
I know.. I know..I know... BUT I have transgressed and traded GBP/Y today and I am sitting long at about breakeven having been down for most of the day. Now will one of you forex masters tell me whether it is a good idea for me to get out now with my money intact or is it worth hanging on and perhaps realising something better.

Thank you masters
  • #12,258
  • Jul 31, 2007 9:14am Jul 31, 2007 9:14am
Quoting bravado
why in particular that purple spot?
i see. i'm thinking that blue line is one of your S/R lines.

noted.
BAM BAM BOOM! -bravado
  • #12,259
  • Jul 31, 2007 9:15am Jul 31, 2007 9:15am
Quoting bravado
i see. i'm thinking that blue line is one of your S/R lines.

noted.
Bravado, I know your title says you are bored, but can we just every one calm down... It is just a friendly forum discussion afterall... LOL

Come on people...

Moderator
  • #12,260
  • Jul 31, 2007 9:23am Jul 31, 2007 9:23am
Quoting bravado
i see. i'm thinking that blue line is one of your S/R lines.

noted.
Yah, S/R line + other things. I think there is quite a lot of resistance around there so I'll scale into it starting at 239.50 or so, adding every 30 pips up.

Z
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