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Daily GBP/JPY analysis

  • #12,901
  • Aug 8, 2007 8:11pm Aug 8, 2007 8:11pm
now break out of this channel!
  • #12,902
  • Aug 8, 2007 8:26pm Aug 8, 2007 8:26pm
Quoting bmwboyee
short again at 244.03
bmwboyee, what is your target?
  • #12,903
  • Aug 8, 2007 8:46pm Aug 8, 2007 8:46pm
242.55
  • #12,904
  • Aug 9, 2007 2:07am Aug 9, 2007 2:07am
moving way to fast
  • #12,905
  • Aug 9, 2007 3:01am Aug 9, 2007 3:01am
Quoting bravado
heh. missed this earlier today.
great trade Wolf.

http://z.about.com/d/chemistry/1/0/a/7/fireworks1.jpg

CHEERS.

Cheers Bravado!

Wish everyday was like yesterday!

I am short from 243.33 right now (although I am meant to be only taking longs).

Looking for a bounce (if it gets there) around the 241.50 level and then north again.

Mmm we may have already seen the bounce? as we have good support all around this area.

Maybe just ranging now up to the GBP trade balance?

Regards,

Chris.
  • #12,906
  • Aug 9, 2007 3:05am Aug 9, 2007 3:05am
The Europeans started the pull back and the Brits stopped it....so far.

This is the action off my 1 min chart.....held at yesterdays highs - red M3 pivot - dropped over 220 pips in an hour and held at blue M2 pivot.

I´m just starting to learn the nuances of The Snake, but I´m reading bullish divergence at the second test of the M2 level.

Now holding around the pivot - 242.58 - so lets see what the 4:30 data brings....
Attached Image
Trading Levels with WRBs
  • #12,907
  • Aug 9, 2007 3:32am Aug 9, 2007 3:32am
Hi Islander,

Nice chart... my M2 is at 241.65 so the price bounce right between both our levels, my M3 three is 243.77 and my pivot is 243.46 (my settings may be wrong).

Saw your post yesterday so put them back on my chart to see how they react, had removed them previuosly to uncluter the chart.

I like to trade naked now , just draw my own S/R and trend lines.

Your snake bullish divergence looks very nice though.

I think we will be long very shortly.(maybe)

Regards,

Chris.
  • #12,908
  • Aug 9, 2007 4:03am Aug 9, 2007 4:03am
Quoting Wolf.
Hi Islander,

Nice chart... my M2 is at 241.65 so the price bounce right between both our levels, my M3 three is 243.77 and my pivot is 243.46 (my settings may be wrong).

Saw your post yesterday so put them back on my chart to see how they react, had removed them previuosly to uncluter the chart.

I like to trade naked now , just draw my own S/R and trend lines.

Your snake bullish divergence looks very nice though.

I think we will be long very shortly.(maybe)

Regards,

Chris.
Hi Chris.....Thanks, I got my pivot indicator from Dove Alliance on the UJ thread - he just finished a load of posts on using them and they seem to be very useful. They´re reset at 17:00 NY time.

To save clutter, I didnt put the fibbo retrace on my last chart....the first bounce off the M2 level stopped exactly at the 61.8% retrace.

Now, after the data, GJ is still flat just under the pivot. I´m seeing cable coming to the apex of an almost horizontal triangle ( on 1 min ), euro also just under its pivot and UJ flat on S1 and there´s no more important data due out this week, so I guess we may not move far till the US guys come in.
Trading Levels with WRBs
  • #12,909
  • Edited 5:25am Aug 9, 2007 4:24am | Edited 5:25am
once the US market opens if the dow goes red how far down do you think we could go down 240 or lower
  • #12,910
  • Aug 9, 2007 4:30am Aug 9, 2007 4:30am
crap, woke up to late ^^
  • #12,911
  • Aug 9, 2007 4:35am Aug 9, 2007 4:35am
Quoting kunlex1982
hello
please how long does it take you to have 277 pips
approximately 8 hours
  • #12,912
  • Aug 9, 2007 5:30am Aug 9, 2007 5:30am
Quoting bravado
retractment is due soon.
but for how much? in time probably well below 43.
current drop.

expected.
goal after goal, pips after pips, profit after profits.

bravado.
a pro.
BAM BAM BOOM! -bravado
  • #12,913
  • Aug 9, 2007 5:37am Aug 9, 2007 5:37am
Quoting Wolf.
Cheers Bravado!

I am short from 243.33 right now..

Looking for a bounce (if it gets there) around the 241.50 level and then north again.

Regards,

Chris.
another great trade Wolf.

goal after goal, pips after pips, profit after profits.
BAM BAM BOOM! -bravado
  • #12,914
  • Aug 9, 2007 6:34am Aug 9, 2007 6:34am
do you think the same think could happen when the US market opens in 30 mins with the subprime risk in the for front again
  • #12,915
  • Aug 9, 2007 6:37am Aug 9, 2007 6:37am
Quoting bravado
another great trade Wolf.

goal after goal, pips after pips, profit after profits.
Bravado, up 400 pips on 3 separate trades, does that count as 1200 pips ?
  • #12,916
  • Aug 9, 2007 6:37am Aug 9, 2007 6:37am
Wolf. u goin for long?
  • #12,917
  • Edited 6:58am Aug 9, 2007 6:40am | Edited 6:58am
Quoting bmwboyee
Bravado, up 400 pips on 3 separate trades, does that count as 1200 pips ?
indeed.
BAM BAM BOOM! -bravado
  • #12,918
  • Aug 9, 2007 6:42am Aug 9, 2007 6:42am
Quoting bravado
indeed.

Attachment

LOL. Smell Bull?
  • #12,919
  • Aug 9, 2007 6:55am Aug 9, 2007 6:55am
lol, yeah it's ok now
If you never lose, something is wrong...
  • #12,920
  • Aug 9, 2007 7:03am Aug 9, 2007 7:03am
cha-ching.
BAM BAM BOOM! -bravado
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