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Daily GBP/JPY analysis

  • #12,781
  • Aug 6, 2007 1:35am Aug 6, 2007 1:35am
Quoting Holypendant
ur long since when? wat rate?
Click link in signature.
Que
  • #12,782
  • Aug 6, 2007 3:01am Aug 6, 2007 3:01am
Quoting kharvell
I good thing long-term

As far as why I entered, it's always because of the stochastics. I trade Spudfyre's method involving stochastics.

. It all depends on how the stochastics behave.
Hi Chris,

At one time you were trading cornflower, do you find stochs more effective for a highly volatile pair like G/Y ?
  • #12,783
  • Aug 6, 2007 8:28am Aug 6, 2007 8:28am
May see a large move up in the next 12 hours. 15-min, 30-min, 1-hour, and 4-hour stochastics all oversold, and I'm just going to wait for most of the stochastics to be showing upwards movement above 20.
  • #12,784
  • Aug 6, 2007 8:55am Aug 6, 2007 8:55am
Quoting kharvell
May see a large move up in the next 12 hours...
how far do you see it going down.
BAM BAM BOOM! -bravado
  • #12,785
  • Aug 6, 2007 8:58am Aug 6, 2007 8:58am
Quoting bravado
how far do you see it going down.

haha... karvell say it will go up n u ask him hw much goin dwn...
  • #12,786
  • Aug 6, 2007 8:58am Aug 6, 2007 8:58am
Quoting bravado
how far do you see it going down.
238.00 worst case. Hopefully 239.00 holds and we can get on with it
  • #12,787
  • Aug 6, 2007 9:12am Aug 6, 2007 9:12am
Quoting kharvell
238.00 worst case. Hopefully 239.00 holds and we can get on with it
appreciate the analysis.
BAM BAM BOOM! -bravado
  • #12,788
  • Aug 6, 2007 9:13am Aug 6, 2007 9:13am
Quoting Holypendant
haha... karvell say it will go up n u ask him hw much goin dwn...
well no.

i meant maybe before it goes up how much further it could drop.
BAM BAM BOOM! -bravado
  • #12,789
  • Aug 6, 2007 9:13am Aug 6, 2007 9:13am
I'm short

1st target 237.60
2nd target 236.00
Trade what you see, not what you think.
  • #12,790
  • Aug 6, 2007 9:16am Aug 6, 2007 9:16am
Quoting karmostaji
I'm short

1st target 237.60
2nd target 236.00
noted.
BAM BAM BOOM! -bravado
  • #12,791
  • Aug 6, 2007 9:16am Aug 6, 2007 9:16am
Quoting bravado
well no.

i meant maybe before it goes up how much further it could drop.

oh.. sorry abt tt.
  • #12,792
  • Edited 10:50am Aug 6, 2007 10:35am | Edited 10:50am
Long @ 239.42 because 15-min, 30-min, and 1-hour stoch's all crossed up above 20. 4-hour indicates there might still be some juice on the short side so I'm going to be cautious..

EDIT: Stopped out for +14 pips, will enter in again later(maybe)
  • #12,793
  • Aug 6, 2007 11:16am Aug 6, 2007 11:16am
header and shoulders formations.. like the one we are having (H4)... is a big signal of the end of the down trend....
  • #12,794
  • Aug 6, 2007 11:42am Aug 6, 2007 11:42am
Quoting emda
header and shoulders formations.. like the one we are having (H4)... is a big signal of the end of the down trend....
I think there may be one small movement down, and then a big push up
  • #12,795
  • Aug 6, 2007 11:46am Aug 6, 2007 11:46am
Quoting emda
header and shoulders formations.. like the one we are having (H4)... is a big signal of the end of the down trend....
But the right shoulder has not formed completely yet and the neck line has to be broken (242.91) before the formation is valid.
  • #12,796
  • Aug 6, 2007 11:59am Aug 6, 2007 11:59am
Just a note, the price has retraced exactly (238.89) off the 76.4 Fibo of the recent upward move (237.60-243.10)
  • #12,797
  • Aug 6, 2007 12:10pm Aug 6, 2007 12:10pm
Quoting Majd
Just a note, the price has retraced exactly (238.89) off the 76.4 Fibo of the recent upward move (237.60-243.10)

I´ve never heard of 76.4 as a Fibo retracement.......78.6% of a move is a Fibo retracement
Trading Levels with WRBs
  • #12,798
  • Aug 6, 2007 12:13pm Aug 6, 2007 12:13pm
Quoting Islander
I´ve never heard of 76.4 as a Fibo retracement.......78.6% of a move is a Fibo retracement
my fibo grid says .764? what am i missing here
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #12,799
  • Aug 6, 2007 12:17pm Aug 6, 2007 12:17pm
Quoting moneymagnet
my fibo grid says .764? what am i missing here
I have it on FX AccuCharts as standard Fibo level and been using it for a while
  • #12,800
  • Aug 6, 2007 12:21pm Aug 6, 2007 12:21pm
Quoting Majd
I have it on FX AccuCharts as standard Fibo level and been using it for a while
You're right Majd, same for me. He probably made a mistake (61.8% mixed up?)
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