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Daily GBP/JPY analysis

  • #13,041
  • Aug 16, 2007 12:58pm Aug 16, 2007 12:58pm
Quoting G-Man
Over a 1000 pip range today, mostly down of course.

If Lion is still in beers are on him.

G-Man
Whoops.....I was looking at so much other stuff that I missed your post - but dont they say something about imitation being the honest form of flattery.....or something like that...lol
Trading Levels with WRBs
  • #13,042
  • Aug 16, 2007 1:12pm Aug 16, 2007 1:12pm
Quoting bravado
took long @ 226.21.

not looking to good though.

y'd u took a long trade while it was a short trend ?
could u pls explain that to me? ?
  • #13,043
  • Aug 16, 2007 2:58pm Aug 16, 2007 2:58pm
Quoting hijackxx@hotmai
y'd u took a long trade while it was a short trend ?
could u pls explain that to me? ?
i will in time. and in time i will.
BAM BAM BOOM! -bravado
  • #13,044
  • Aug 16, 2007 4:41pm Aug 16, 2007 4:41pm
Quoting bravado
i will in time. and in time i will.

first. congrats to SeekingLight on his 8000+ pips profit this week ALONE.

//

as always.

AJ i trade 3x my usual lots.

currently up 3400+ pips.

yesterdays lose 580- pips.
this was also due to AJ trade which was 3x the usual amount of loss.
included in the loss is my usdcad trade.

however, earlier today i got +75 pips from usdcad short.

3400-580+75=2895+ pips for this week.

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Cha-Ching!
Cha-Ching!!
Cha-Ching!!!

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goal after goal. pips after pips. profit after profits.

bravado.
a pro.

//

updated screen cap while i was typing this.

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i believe i'm well over 3500+ pips for this week.

yes there are GJ trades in there.
BAM BAM BOOM! -bravado
  • #13,045
  • Aug 16, 2007 4:46pm Aug 16, 2007 4:46pm
Good for you bravado. I could kick myself for not doing the same on eur/jpy after the touch of 150 - and more so at the late little bear trap, but these days it seems only the "sell" and "stop" neurons are working, grrrrr....
hijackxx - down market works pretty much the same as an up market, it's just that this trend is roughly 6 times faster than the rise, so one needs to be much more nimble than I am to counter-trade. But the same methods apply.
  • #13,046
  • Aug 16, 2007 4:54pm Aug 16, 2007 4:54pm
Quoting HalifaxCB
Good for you bravado. I could kick myself for not doing the same on eur/jpy after the touch of 150 - and more so at the late little bear trap, but these days it seems only the "sell" and "stop" neurons are working, grrrrr....
hijackxx - down market works pretty much the same as an up market, it's just that this trend is roughly 6 times faster than the rise, so one needs to be much more nimble than I am to counter-trade. But the same methods apply.
i try not to get swayed or get spoiled at these the current 1000+ pip weeks.
it will get back to 100+ pip RANGE a day soon.

and that is when lot of people who made so much this month will lose most of it, i believe.

that's what i'm preparing for.

this current craziness you see now is temporary.
i find no comfort in it. losing 510- pips earlier this week made me realize this and i am now on PROTECT mode for my gains.
BAM BAM BOOM! -bravado
  • #13,047
  • Aug 16, 2007 5:13pm Aug 16, 2007 5:13pm
Honestly, who was able to lose money today ?

Any strategy should have a winner. Today main moves could have rounded you no less than 2000 pips.

I took 700*.5 lot out of them using pure action trading on tick chart. That is one of the most rewarding and crazy day i have ever seen !

Hope tomorrow will go the same

@ Bravado : i suppose you make a leaving of the forex now ?

edit : i forgot, my best trade today, 150 pips in 3 minutes !!!
  • #13,048
  • Aug 16, 2007 5:27pm Aug 16, 2007 5:27pm
hmm currently i'm at 6700+ pips.

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wooooooooooo! baby! wooooooooooooo!
BAM BAM BOOM! -bravado
  • #13,049
  • Aug 16, 2007 5:31pm Aug 16, 2007 5:31pm
Quoting melpheos
Honestly, who was able to lose money today ?

Any strategy should have a winner. Today main moves could have rounded you no less than 2000 pips.

I took 700*.5 lot out of them using pure action trading on tick chart. That is one of the most rewarding and crazy day i have ever seen !

Hope tomorrow will go the same

@ Bravado : i suppose you make a leaving of the forex now ?

edit : i forgot, my best trade today, 150 pips in 3 minutes !!!
congrats melpheos.
indeed. today was a given. some high probability trades were everywhere.

however..
i also thought there were some good high probability trades two days ago where i lost over 500- pips.

have a good one.
BAM BAM BOOM! -bravado
  • #13,050
  • Aug 16, 2007 6:00pm Aug 16, 2007 6:00pm
bravado, this is really amazing, you are really becomming an inspiration. Who is that girl actually? The thing I wanted to ask, and this might really look as an unorthodox question (and please tell me if it is I am really new in this field) what is the approx amount of money you made this week?
If you never lose, something is wrong...
  • #13,051
  • Aug 16, 2007 6:15pm Aug 16, 2007 6:15pm
Quoting Zoran
Excellent observation! I was looking at this monthly not too long ago and noticed a level at 249.17 back in August 1992. Based on that and previous action, it seemed plausible that a reversal with large implications was nearing. I called a large fall (on another site) at around that level. The resistance fell just below 249.00 for a week and a half that proved a great (and very profitable) wall to short scalp from and then it broke up to just over 251.00 (which is our recent high).

So from our high at 251.09, there is a possibility that this may now fall to somewhere around 221.00 (based on historical data). That's about 3000 pips of which we have currently seen over 1200 and should shake out a few carry traders! It's a possibility only and is not set in stone, but there is a scope there to trade within.

Z
I posted the above here about 2 weeks ago. See http://www.forexfactory.com/showthre...16691&page=846

Now the 221.xx target has been hit with a bounce of 600 pips. So from the high of 251.xx we have seen about 3000 pips. The question is whether 221.xx will hold? Time will tell.

I forecast this fall about 6 weeks ago on another site with a revision once the high was in. If you don't believe me, you can verify it at http://www.fxsurfer.com/forums/showt...p?t=60&page=25 and http://www.fxsurfer.com/forums/showt...p?t=60&page=24

Z
  • #13,052
  • Aug 17, 2007 12:28am Aug 17, 2007 12:28am
Quoting Zoran
I posted the above here about 2 weeks ago. See http://www.forexfactory.com/showthre...16691&page=846

Now the 221.xx target has been hit with a bounce of 600 pips. So from the high of 251.xx we have seen about 3000 pips. The question is whether 221.xx will hold? Time will tell.

I forecast this fall about 6 weeks ago on another site with a revision once the high was in. If you don't believe me, you can verify it at http://www.fxsurfer.com/forums/showt...p?t=60&page=25 and http://www.fxsurfer.com/forums/showt...p?t=60&page=24

Z
After 221.xx where it will go?
{links removed}
  • #13,053
  • Aug 17, 2007 1:23am Aug 17, 2007 1:23am
Quoting nidnoi
After 221.xx where it will go?
well we have tweezer tops and now a tweezer bottom if this holds how about 232.50
  • #13,054
  • Edited 4:18am Aug 17, 2007 3:15am | Edited 4:18am
So the March 5 low was finally hit during the Frankfurt Hour and the Brits promptly took it back up to M2......interesting to see S1 holding. After such an wide range yesterday I didnt know if the pivots would still work.....I guess they do!

The low candle was a hammer again with high volume and "only" 210 pips under yesterdays low, but the big sell off didnt start until 5:30edt yesterday, so again its wait and see time.

Can it rally above M2 and head on up to the pivot at 225.33 or is there another another sell off waiting....twt

On this chart, the fact that price was held under the 34EMA -Agua - along M2 showed that a fall to S1 was likely. From S1 the bounce would either fail in the 221 area or make it back to M2
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Trading Levels with WRBs
  • #13,055
  • Aug 17, 2007 4:46am Aug 17, 2007 4:46am
Quoting nidnoi
After 221.xx where it will go?
If these current lows hold then I would say we could be in a range for a little while yet. It could potentially be a 3000 pip range (from the 251.00 high to the 219.xx low).

I've just moved recently and still don't have a broadband connection so I'm working off a painfully slow dialup link. Unfortunately I wont be posting charts or calls until I'm fully connected (which could take another two weeks).

I hope to be a little more descriptive soon.

Z
  • #13,056
  • Aug 17, 2007 4:51am Aug 17, 2007 4:51am
In the current volatile time, I prefer to watch the action on a 1 min chart.

The 8ema envelope - yellow dashed - and The Snake show likely pull backs / reversals that are away from the pivots and the 8ema itself helps confirm entries / exits and provides support for each move.

I´m now waiting to see if the 223 handle holds - also 200ema - green - of if M2 is to be tested yet again.
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Trading Levels with WRBs
  • #13,057
  • Aug 17, 2007 7:36am Aug 17, 2007 7:36am
Quoting Josmottobos
..what is the approx amount of money you made this week?
enough to buy some lollipops.
BAM BAM BOOM! -bravado
  • #13,058
  • Aug 17, 2007 8:20am Aug 17, 2007 8:20am
Quoting bravado
enough to buy some lollipops.
enough to share?
  • #13,059
  • Aug 17, 2007 8:22am Aug 17, 2007 8:22am
Crazy, whippy markets.....broke the pivot - 225.33 on the third attempt with a 1 min bar of 136 pips, followed by - 156 in 3 bars, then +200 in 3 bars then another - 150 in 4 bars before + 200 in 12 bars......wow! Loads of great entries and exits off this chart.....my last was +180 in the last run up towards the 229 handle - that was a "long term trade"......12 mins...lol
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Trading Levels with WRBs
  • #13,060
  • Aug 17, 2007 8:46am Aug 17, 2007 8:46am
Fed just cut rates!!!
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