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Daily GBP/JPY analysis

  • #12,621
  • Aug 3, 2007 6:51am Aug 3, 2007 6:51am
Quoting Majd
The chart with the SL highlighted in baby blue

Attachment
SL? You have an upward moving Stop Loss line or is that the Short Line where you plan on going Short?

M2B
  • #12,622
  • Aug 3, 2007 6:51am Aug 3, 2007 6:51am
Quoting Ado
Shorted at 242.17 and kicked out at 242.77... damn, I'm bored of this ping pong game!

GU up UJ down. sure u got Ping ponged in here
  • #12,623
  • Aug 3, 2007 6:54am Aug 3, 2007 6:54am
I went long at 242.05 unsure of were this is heading now so have my stop at +1.

My bias is to keep long now although it may go down and bounce of the the 241.50 level before a prolonged move north.

If that level breaks a retest of the 237.60 level.

Just my novice view, opinions welcome.


http://C:\Documents and Settings\Chr...res\gbpjpy.gif
  • #12,624
  • Aug 3, 2007 6:56am Aug 3, 2007 6:56am
Quoting chaoz
GU up UJ down. sure u got Ping ponged in here
Agreed GU is going up... but how far north will it go?
  • #12,625
  • Aug 3, 2007 6:56am Aug 3, 2007 6:56am
Quoting my2buoys
SL? You have an upward moving Stop Loss line or is that the Short Line where you plan on going Short?

M2B
Support Line

just checking if Zoran is referring to this support line in deciding on 241.70 shorting level
  • #12,626
  • Aug 3, 2007 7:04am Aug 3, 2007 7:04am
Long at 241.50
  • #12,627
  • Aug 3, 2007 7:06am Aug 3, 2007 7:06am
Quoting Wolf.
Long at 241.50
No comment!
Trade what you see, not what you think.
  • #12,628
  • Aug 3, 2007 7:06am Aug 3, 2007 7:06am
Quoting Wolf.
Long at 241.50
it break 241.50. y r u goin long? previous ur post is say a retest of 237. y r u goin aganist ur prediciton?
  • #12,629
  • Aug 3, 2007 7:06am Aug 3, 2007 7:06am
I have been maliciously stopped out by a market conspiracy at 241.5

Not so good.

ALL of yesterday's profits have gone down the drain today
  • #12,630
  • Aug 3, 2007 7:09am Aug 3, 2007 7:09am
Quoting Holypendant
it break 241.50. y r u goin long? previous ur post is say a retest of 237. y r u goin aganist ur prediciton?
Please read the post again!
  • #12,631
  • Aug 3, 2007 7:09am Aug 3, 2007 7:09am
still in short from 242.67 trailing sl moved to 242.17 -- no lost today was sweating little there
  • #12,632
  • Aug 3, 2007 7:10am Aug 3, 2007 7:10am
Quoting Wolf.
I went long at 242.05 unsure of were this is heading now so have my stop at +1.

My bias is to keep long now although it may go down and bounce of the the 241.50 level before a prolonged move north.

If that level breaks a retest of the 237.60 level.

Just my novice view, opinions welcome.


http://C:\Documents and Settings\Chr...res\gbpjpy.gif
if tt level breaks.... r u implying the level at 241.50?
  • #12,633
  • Aug 3, 2007 7:10am Aug 3, 2007 7:10am
Quoting karmostaji
No comment!
Why no comment?
  • #12,634
  • Aug 3, 2007 7:10am Aug 3, 2007 7:10am
Quoting Majd
In agreement on the upper side by why the 241.70? is it because of the SL from the lows of 12/6 and 26/7 and currently 241.73?
Price around 241.70 is yesterday's support level. It is still holding and I'll short when convincingly broken.

Z
  • #12,635
  • Aug 3, 2007 7:11am Aug 3, 2007 7:11am
Quoting Wolf.
Long at 241.50
If you are basing on a bounce off a support line/ level, IMHO it is better to see some retracement first
  • #12,636
  • Aug 3, 2007 7:12am Aug 3, 2007 7:12am
the right open position for today is no open position
  • #12,637
  • Aug 3, 2007 7:13am Aug 3, 2007 7:13am
you just gotta love a trade plan when it starts to come together
"Millionaires don't use astrology, billionaires do"
  • #12,638
  • Aug 3, 2007 7:14am Aug 3, 2007 7:14am
It is just my view could be totally wrong.

It is bouncing at this level and I am at +1 again.

To me it is a sgnificant level.
  • #12,639
  • Aug 3, 2007 7:15am Aug 3, 2007 7:15am
Now I got ping ponged to where I was expecting the market to go, short again at 241.96 and tp at 241.55, recovered 41 pips , I see now a big support in 241.40 zone, I better get a coffee and wait.
Ado Whether you believe you can do a thing or not, you are right.
  • #12,640
  • Aug 3, 2007 7:15am Aug 3, 2007 7:15am
Quoting chaoz
the right open position for today is no open position

Why? It is obvious (at least to me) that the US economy is going in the crapper. GJ was going to go down today.
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