Daily GBP/JPY analysis | Page 637 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

GBP/JPY, GBP/USD, and EUR/USD (technical analysis) 3,084 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

Adwa Daily GBP/JPY analysis 23 replies

Attachments: Daily GBP/JPY analysis
Exit Attachments

Daily GBP/JPY analysis

  • #12,721
  • Aug 5, 2007 5:03pm Aug 5, 2007 5:03pm
Like many of you right now, I'm watching an almost perfect series of red candles (15 m) all aligned on the downside on my chart following a 100 pip gap opening.

I've read somewhere that gaps tend to fill after which they resume to the original trend. However, I get a feeling that the filling isn't about to happen just in the next minute....

Any thoughts on this? What is your current strategy? Anyone waiting for some fib level to go long? Would waiting for the Asian session be a wise idea?
  • #12,722
  • Aug 5, 2007 5:06pm Aug 5, 2007 5:06pm
I predict a large move up in the next 6 or so hours. Maybe after it hits 238.00?
  • #12,723
  • Aug 5, 2007 5:07pm Aug 5, 2007 5:07pm
I don't like to trade gaps... gaps are not filled 100% of the times... I don't like gambling. I'll be careful and wait until tokyo session... Good luck !
  • #12,724
  • Aug 5, 2007 5:08pm Aug 5, 2007 5:08pm
Quoting kharvell
I predict a large move up in the next 6 or so hours. Maybe after it hits 238.00?
Last time you said long, it did a bit n fell like a rock, whats your prediction based on now? other than filling the gap
Trade what you see, not what you think.
  • #12,725
  • Aug 5, 2007 5:11pm Aug 5, 2007 5:11pm
Quoting kharvell
I predict a large move up in the next 6 or so hours. Maybe after it hits 238.00?
it's ok. but not for filling a gap.. I also predict a movement up... but until the market give us some more signals of what is doing... I'm not sure. I heard once that only beginners trade at the opening of the market.
  • #12,726
  • Aug 5, 2007 5:12pm Aug 5, 2007 5:12pm
i Believe market need to close the gap first before continue to move
  • #12,727
  • Aug 5, 2007 5:14pm Aug 5, 2007 5:14pm
the gap depends in which broker you have.. because in oanda.. the gap was only 13 pips.
  • #12,728
  • Aug 5, 2007 5:16pm Aug 5, 2007 5:16pm
Quoting emda
the gap depends in which broker you have.. because in oanda.. the gap was only 13 pips.
10 pips here on northfinance. closing gap is a must. i'm sure about that
  • #12,729
  • Aug 5, 2007 5:17pm Aug 5, 2007 5:17pm
Quoting emda
I don't like to trade gaps... gaps are not filled 100% of the times... I don't like gambling. I'll be careful and wait until tokyo session... Good luck !

Just currious what system you trade that gives 100% signals?

I want that system. Gap trades + good Money management is a good trade always. It does not Always fill, but then thats why you use correct money management. But hey, if you have a better then 80% system (Gaps are about that accurate) then I see your point. Doubt you have it though.
Que
  • #12,730
  • Aug 5, 2007 5:21pm Aug 5, 2007 5:21pm
Quoting karmostaji
Last time you said long, it did a bit n fell like a rock, whats your prediction based on now? other than filling the gap
???

The last time I said Long was in this post:

http://forexfactory.com/showthread.p...93#post1522993

And it went up nearly 250 pips, of which I settled for 20.

My prediction is based on oversold 15-min, 30-min, and 1-hour stochastics, with 4-hour soon becoming oversold as well. I predict anywhere upwards of 6 hours for the upswing to happen. (when the 4-hour stochastics enter oversold and turn out above 20)
  • #12,731
  • Aug 5, 2007 5:21pm Aug 5, 2007 5:21pm
interbankfx has a huge gap. over 100 pip gap. is that normal or what. whats your take on this broker? anybody else here that has this broker?
  • #12,732
  • Aug 5, 2007 5:24pm Aug 5, 2007 5:24pm
Quoting kharvell
???

The last time I said Long was in this post:

http://forexfactory.com/showthread.p...93#post1522993

And it went up nearly 250 pips, of which I settled for 20.

My prediction is based on oversold 15-min, 30-min, and 1-hour stochastics, with 4-hour soon becoming oversold as well. I predict anywhere upwards of 6 hours for the upswing to happen. (when the 4-hour stochastics enter oversold and turn out above 20)
My bad, you're right, I think I mixed up.. apologies
Trade what you see, not what you think.
  • #12,733
  • Aug 5, 2007 5:26pm Aug 5, 2007 5:26pm
Quoting Que
Just currious what system you trade that gives 100% signals?

I want that system. Gap trades + good Money management is a good trade always. It does not Always fill, but then thats why you use correct money management. But hey, if you have a better then 80% system (Gaps are about that accurate) then I see your point. Doubt you have it though.

mmm you are right. i didn't think of it in that way...
  • #12,734
  • Aug 5, 2007 5:26pm Aug 5, 2007 5:26pm
Quoting emda
it's ok. but not for filling a gap.. I also predict a movement up... but until the market give us some more signals of what is doing... I'm not sure. I heard once that only beginners trade at the opening of the market.

nothing wrong with trading on the opening on sunday. as long as you know what your doing. especially when theres a gap to be filled. you can be sure that it will be filled. thats easy money. i have traded on the gap before and made some healthy profit.
  • #12,735
  • Aug 5, 2007 5:26pm Aug 5, 2007 5:26pm
Quoting Que
Just currious what system you trade that gives 100% signals?

I want that system. Gap trades + good Money management is a good trade always. It does not Always fill, but then thats why you use correct money management. But hey, if you have a better then 80% system (Gaps are about that accurate) then I see your point. Doubt you have it though.
Que,

by "gap trades" do you mean you're currently long waiting for the gap to close then you're out and shorting? Or just waiting and then shorting when then gap gets filled?
  • #12,736
  • Aug 5, 2007 5:27pm Aug 5, 2007 5:27pm
Quoting treadline
interbankfx has a huge gap. over 100 pip gap. is that normal or what. whats your take on this broker? anybody else here that has this broker?
That is my broker too. I trade ther GJ, EJ and UJ gaps every week. I have yet to not take a profit, as a matter of fact, last 5 weeks have closed the gap fully + pips. Last week it pulled the full gap about 180 pips then continued.

Right now I am about approching +40 on all my gap trades.
Que
  • #12,737
  • Aug 5, 2007 5:28pm Aug 5, 2007 5:28pm
after filling the gap... is it normal to resume the previous move again ? is is being filled quickly.
  • #12,738
  • Aug 5, 2007 5:29pm Aug 5, 2007 5:29pm
Quoting Qpip
Que,

by "gap trades" do you mean you're currently long waiting for the gap to close then you're out and shorting? Or just waiting and then shorting when then gap gets filled?
I try not to be greedy. I am watching for gap to close, then I close my longs and wait for a good entry short. The market IS short, so this is just a temporary trade. If it stalls I will close trades as well and wait for re-entry short.
Que
  • #12,739
  • Aug 5, 2007 5:31pm Aug 5, 2007 5:31pm
Let's figure out where the market go after Gap closed
  • #12,740
  • Aug 5, 2007 5:32pm Aug 5, 2007 5:32pm
Quoting Que
That is my broker too. I trade ther GJ, EJ and UJ gaps every week. I have yet to not take a profit, as a matter of fact, last 5 weeks have closed the gap fully + pips. Last week it pulled the full gap about 180 pips then continued.

Right now I am about approching +40 on all my gap trades.

ya me too. glad im not alone in with this broker. its filing the gap now. for how long dont know have to keep my trigger finger on the mouse of any sign of a retrace. this is one huge gap to fill. over 150 pips of gap. can it be done time will tell.
6 traders viewing now