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Daily GBP/JPY analysis

  • #12,921
  • Aug 9, 2007 7:30am Aug 9, 2007 7:30am
Share my trading journey today...
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  • #12,922
  • Aug 9, 2007 7:45am Aug 9, 2007 7:45am
Congrats to all the shorts. My pending order was filled and target was hit by now.
If everything goes well next month (MM) my lots will increase to 1 full lot.
I am with 0.60 now
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  • #12,923
  • Aug 9, 2007 7:46am Aug 9, 2007 7:46am
Quoting Holypendant
Wolf. u goin for long?
Well I have just closed for a very NICE profit.

Not sure now? ....this is a good level to long but there is some very strong momentum short (momentum precedes price) so just observing at the moment.

Regards,

Chris.
  • #12,924
  • Aug 9, 2007 8:27am Aug 9, 2007 8:27am
http://www.eugenewei.com/images/misc...ffel-tower.jpg

Ahuh Ahuh (Take three... Action)
Ahuh Ahuh

No clouds in my storms
Let it rain, I hydroplane in the bank
Coming down with the Dow Jones
When the clouds come we gone, we Rocafella
We fly higher than weather
And G5’s are better, You know me,
an anticipation, for precipitation. Stacked chips for the rainy day.

Cha-Ching.
Cha-Ching.
BAM BAM BOOM! -bravado
  • #12,925
  • Aug 9, 2007 8:41am Aug 9, 2007 8:41am
Well, while it was great to make so many pips all over again as short entry after short entry was triggered, i'd love to know what actually caused this move.

Anyone have any real idea? When I started planning my day, I was looking for further longs above 244 in this pair, but quickly took advantage of the apparent reversal.

I just freely admit to having absolutely ZERO idea what triggered it this time.
  • #12,926
  • Aug 9, 2007 8:45am Aug 9, 2007 8:45am
Quoting nathbear
..i'd love to know what actually caused this move.

Anyone have any real idea?..
U.S. stocks are expected to open sharply lower on Thursday, with the return of global worries about credit markets after France's largest bank suspended three funds, blaming a lack of equity due to bad U.S. home loans.
Futures for the Dow Jones Industrial Average (DJI) were down 230 points at 13, 475.
"Right now, we're going through a massive liquidation in futures," said Peter Cardillo, chief market economist at Avalon Partners. "We're in for a very volatile session," he said. "It's not only equities, we're seeing large drops in oil and gold as well."
BAM BAM BOOM! -bravado
  • #12,927
  • Aug 9, 2007 8:53am Aug 9, 2007 8:53am
Quoting nathbear
Well, while it was great to make so many pips all over again as short entry after short entry was triggered, i'd love to know what actually caused this move.

Anyone have any real idea? When I started planning my day, I was looking for further longs above 244 in this pair, but quickly took advantage of the apparent reversal.

I just freely admit to having absolutely ZERO idea what triggered it this time.
ECB Offers Unlimited Cash as Bank Lending Costs Soar (Update2)
By Gavin Finch and Steve Rothwell
Aug. 9 (Bloomberg) -- The European Central Bank, in an unprecedented response to a sudden demand for cash from banks roiled by the subprime mortgage collapse in the U.S., loaned 94.8 billion euros ($130.2 billion) to assuage a credit crunch.
The overnight lending rates banks charge each other jumped to the highest in six years. The so-called London interbank offered rate in dollars rose to 5.86 percent today from 5.35 percent and in euros gained to 4.31 percent from 4.11 percent. Three-month dollar Libor rose to 5.5 percent from 5.38 percent.
Trading Levels with WRBs
  • #12,928
  • Aug 9, 2007 8:55am Aug 9, 2007 8:55am
Quoting bravado
http://www.eugenewei.com/images/misc...ffel-tower.jpg

Ahuh Ahuh (Take three... Action)
Ahuh Ahuh

No clouds in my storms
Let it rain, I hydroplane in the bank
Coming down with the Dow Jones
When the clouds come we gone, we Rocafella
We fly higher than weather
And G5’s are better, You know me,
an anticipation, for precipitation. Stacked chips for the rainy day.

Cha-Ching.
Cha-Ching.

Well I,m long from 239.82 stop at +1 ....how about you Bravado?

Cheers!
  • #12,929
  • Aug 9, 2007 8:59am Aug 9, 2007 8:59am
I think he is retracing now and then going down again
If you never lose, something is wrong...
  • #12,930
  • Aug 9, 2007 9:04am Aug 9, 2007 9:04am
Quoting Josmottobos
I think he is retracing now and then going down again
so do i as the dow and ftse and the dax are all in the red so it should carry on going down
  • #12,931
  • Aug 9, 2007 9:09am Aug 9, 2007 9:09am
Quoting Wolf.
Well I,m long from 239.82 stop at +1 ....how about you Bravado?

Cheers!
looking for other set ups as well.
been looking at cad, aud, eur, nzd.
BAM BAM BOOM! -bravado
  • #12,932
  • Aug 9, 2007 9:19am Aug 9, 2007 9:19am
gang, i am out. 438 pips x 3 entries = 1,314 on gbp/jpy. had other trades in crazy profit like eur/jpy but i will keep it focused on gbp/jpy. to this date, this has been the BEST 12 hrs in my forex history!
  • #12,933
  • Aug 9, 2007 9:22am Aug 9, 2007 9:22am
Quoting bmwboyee
gang, i am out. 438 pips x 3 entries = 1,314 on gbp/jpy. had other trades in crazy profit like eur/jpy but i will keep it focused on gbp/jpy. to this date, this has been the BEST 12 hrs in my forex history!
congrats bmwboyee.

was this a great week or what?

http://www.livingroom.org.au/photolog/fireworks-5.jpg

CHEERS.
BAM BAM BOOM! -bravado
  • #12,934
  • Aug 9, 2007 9:23am Aug 9, 2007 9:23am
what do you think about GJ bravado? please no 'expected' LOL
Trade what you see, not what you think.
  • #12,935
  • Aug 9, 2007 9:24am Aug 9, 2007 9:24am
Quoting bravado
congrats bmwboyee.

was this a great week or what?

http://www.livingroom.org.au/photolog/fireworks-5.jpg

CHEERS.
i did it all just so i could get one of your fireworks picture! and thanks!!!! close to 2,000 pips total for me in 12 hrs. today is in celebration.
  • #12,936
  • Aug 9, 2007 9:28am Aug 9, 2007 9:28am
Quoting karmostaji
what do you think about GJ bravado? please no 'expected' LOL
i exited all short position since yesterday @ 239.50.
BAM BAM BOOM! -bravado
  • #12,937
  • Aug 9, 2007 9:31am Aug 9, 2007 9:31am
Quoting bmwboyee
..close to 2,000 pips total for me in 12 hrs. today is in celebration.
smooth.
BAM BAM BOOM! -bravado
  • #12,938
  • Aug 9, 2007 9:32am Aug 9, 2007 9:32am
Quoting karmostaji
what do you think about GJ bravado? please no 'expected' LOL
btw. karmo, you are actually doing pretty good.
go with your ideas, they can only get better by doing so.
BAM BAM BOOM! -bravado
  • #12,939
  • Aug 9, 2007 9:33am Aug 9, 2007 9:33am
Long stopped out for +1 rentered at 93
  • #12,940
  • Aug 9, 2007 12:01pm Aug 9, 2007 12:01pm
thread is really quite today.
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