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Daily GBP/JPY analysis

  • #12,481
  • Aug 2, 2007 10:43am Aug 2, 2007 10:43am
I think that the 242.70 will stall, but not bounce.
I think we get a pretty hard bounce down at 244.
IF that all happens then we will have a 50% retrace back to 240.80 area.
IF that happens I think we are gone to take out the high at 251

Just some observations from a couple of years of watching this pair.
  • #12,482
  • Aug 2, 2007 10:43am Aug 2, 2007 10:43am
Quoting bobblong
haha sorry bravado, higher high. GOING UP!
not so fast. looks like it hit that level again and not breaking through it..
BAM BAM BOOM! -bravado
  • #12,483
  • Aug 2, 2007 10:44am Aug 2, 2007 10:44am
Quoting bravado
not so fast. looks like it hit that level again and not breaking through it..
patience my friend
Trade what you see, not what you think.
  • #12,484
  • Aug 2, 2007 10:44am Aug 2, 2007 10:44am
also i believe 242.30 needs to be broken end of this hour for a faster momentum north.
  • #12,485
  • Aug 2, 2007 10:46am Aug 2, 2007 10:46am
Hahaaa took the liberty to sell someone the high added shorts 42.36

Yikes looks like he found the sucker temporarily
"Millionaires don't use astrology, billionaires do"
  • #12,486
  • Aug 2, 2007 10:48am Aug 2, 2007 10:48am
Quoting cesande
I think that the 242.70 will stall, but not bounce.
I think we get a pretty hard bounce down at 244.
IF that all happens then we will have a 50% retrace back to 240.80 area.
IF that happens I think we are gone to take out the high at 251

Just some observations from a couple of years of watching this pair.

sounds good to me
  • #12,487
  • Aug 2, 2007 10:51am Aug 2, 2007 10:51am
yeah. the power of a daily rope...... there it is.....
  • #12,488
  • Aug 2, 2007 10:54am Aug 2, 2007 10:54am
Quoting emda
yeah. the power of a daily rope...... there it is.....
there. he said it.
  • #12,489
  • Aug 2, 2007 10:55am Aug 2, 2007 10:55am
1st target reached!
Trade what you see, not what you think.
  • #12,490
  • Aug 2, 2007 10:56am Aug 2, 2007 10:56am
Quoting OrionsWay
Hahaaa took the liberty to sell someone the high added shorts 42.36

Yikes looks like he found the sucker temporarily
they pushed a perfect 261.8 retracement extension to the pip
"Millionaires don't use astrology, billionaires do"
  • #12,491
  • Aug 2, 2007 10:56am Aug 2, 2007 10:56am
Quoting karmostaji
1st target reached!
congratulations karmostaji. Very well targeted. I hope to see you one day in dubai
  • #12,492
  • Aug 2, 2007 10:57am Aug 2, 2007 10:57am
Quoting karmostaji
1st target reached!
Triple digit stock market plus today will probably see 245

  • #12,493
  • Aug 2, 2007 11:01am Aug 2, 2007 11:01am
Thanks guys

my 4h candle closed above 242.70.. 244.00
Trade what you see, not what you think.
  • #12,494
  • Aug 2, 2007 11:01am Aug 2, 2007 11:01am
Quoting karmostaji
1st target reached!
Great call Karmostaji. I've been watching this (your) trade since yesterday. How was your exam? I hope you did as good in that exam as you did here.

I seem to understand your targets. But.... how do you determine your S/Ls?

Thanks
  • #12,495
  • Aug 2, 2007 11:01am Aug 2, 2007 11:01am
Shorting here at 242.80 and if it breaks then reversing long
  • #12,496
  • Aug 2, 2007 11:03am Aug 2, 2007 11:03am
Quoting Zoran
Shorting here at 242.80 and if it breaks then reversing long
If we take out 242.91... be carefull
  • #12,497
  • Aug 2, 2007 11:03am Aug 2, 2007 11:03am
Quoting Zoran
Shorting here at 242.80 and if it breaks then reversing long
why??
  • #12,498
  • Aug 2, 2007 11:03am Aug 2, 2007 11:03am
broken
  • #12,499
  • Aug 2, 2007 11:04am Aug 2, 2007 11:04am
broke it !!
keep on going GJ!!!
  • #12,500
  • Aug 2, 2007 11:04am Aug 2, 2007 11:04am
Quoting lagank
why??


someone must lose
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