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Daily GBP/JPY analysis

  • #13,141
  • Aug 20, 2007 10:37pm Aug 20, 2007 10:37pm
I see a triple top on my 15-min chart.....
  • #13,142
  • Aug 20, 2007 11:01pm Aug 20, 2007 11:01pm
So are you going short? I just did at 228.86
  • #13,143
  • Aug 20, 2007 11:09pm Aug 20, 2007 11:09pm
Quoting rumrunner35
So are you going short? I just did at 228.86
Not yet... I have a Short order at 229.07, but if that doesn't get hit, I'm going to wait for some bearish movement before I enter short.
  • #13,144
  • Aug 20, 2007 11:15pm Aug 20, 2007 11:15pm
Well, you got the better price, but I'm short with you at 228.52. Good luck
  • #13,145
  • Aug 20, 2007 11:15pm Aug 20, 2007 11:15pm
Ok,

I will use a tight stop and scalp some pips. It seems most move are higher and downward moves are limited. Is it the changing of the tide or they are setting up for another drop like 243.00. I used the 4hr on that one.


Still learning everyday

Rumrunner
  • #13,146
  • Aug 20, 2007 11:18pm Aug 20, 2007 11:18pm
Quoting rumrunner35
Ok,

I will use a tight stop and scalp some pips. It seems most move are higher and downward moves are limited. Is it the changing of the tide or they are setting up for another drop like 243.00. I used the 4hr on that one.


Still learning everyday

Rumrunner
As far as now goes, it seems it's having a hard time breaking above 229.00. So I'm going to assume short until this area is broken. If it breaks, I won't hesitate to go long.
  • #13,147
  • Aug 20, 2007 11:23pm Aug 20, 2007 11:23pm
scalped 20 pips, the UJ is stuck at 115 and geppy 228.50
  • #13,148
  • Edited 1:19am Aug 21, 2007 12:58am | Edited 1:19am
Good morning, just back on line after a big storm......I dont seem to have missed much in the Asian session.

Since 22:00 edt, I see 2 lower highs on the 5 min, making a nice dropping TL, now at 228.70 as resistance and the daily pivot´s at 228.19 as support, so I´ll be looking for a break of one of these or a reversal off one for a possible entry. UJ´s also hanging around its pivot at 114.93.

Edit 02:07 Broke under pivot, small sell at 228.10

Edit 02:18 UJ stalling, GJ close to M2, closed for + 40
Trading Levels with WRBs
  • #13,149
  • Edited 1:24am Aug 21, 2007 1:10am | Edited 1:24am
Locked in 20 pips; currently up 50. Will probably hold for another 15-20 minutes to see what happens.

EDIT: Locked in +49; definitely holding on for another 15-20 minutes.
  • #13,150
  • Aug 21, 2007 1:31am Aug 21, 2007 1:31am
Nice short for 110 pips, i love this pair.
  • #13,151
  • Aug 21, 2007 1:37am Aug 21, 2007 1:37am
Mmmmm... I'm staying in for a little longer.... If London open goes up, then I can quickly change, or my stop will be hit. I have a free trade now so I might as well hold on to it.
  • #13,152
  • Aug 21, 2007 1:39am Aug 21, 2007 1:39am
Nice trades guys.....and now it looks as if its going to hit the 227 level....guess I should have taken partials, but still catching up after the loss of connection
Trading Levels with WRBs
  • #13,153
  • Aug 21, 2007 1:42am Aug 21, 2007 1:42am
definitely exceeding my 20 pip goal tonight! 100 pips locked in; currently up 173
  • #13,154
  • Aug 21, 2007 1:47am Aug 21, 2007 1:47am
Quoting kharvell
definitely exceeding my 20 pip goal tonight! 100 pips locked in; currently up 173

Great trade....looks as if S1 will hold it for now....226.81
Trading Levels with WRBs
  • #13,155
  • Aug 21, 2007 2:13am Aug 21, 2007 2:13am
Oh well... it's past my bedtime, and I'm satisfied for today. 280 pips on this dreadfully boring day ain't bad at all. Closed my recent short for +121

Good night
  • #13,156
  • Aug 21, 2007 2:15am Aug 21, 2007 2:15am
Quoting kharvell
Oh well... it's past my bedtime, and I'm satisfied for today. 280 pips on this dreadfully boring day ain't bad at all. Closed my recent short for +121

Good night
LOL....so boring collecting all those pips....sleep well
Trading Levels with WRBs
  • #13,157
  • Aug 21, 2007 2:49am Aug 21, 2007 2:49am
Good Morning,

Darn I have missed a nice move this morning, glad to see you guys didn't, it looked a lovely set up to short aroud the 228.50 area.

I joined you at 226.29 looking for at least 225 with support just below there. Have 20 locked in so I'll be happy whatever.

Stalling here around S1/L4 hopefully it will push through.

Edit: stopped +20
  • #13,158
  • Aug 21, 2007 3:01am Aug 21, 2007 3:01am
Quoting Islander
Good morning....just playing catch up as I´ve only just got back on line after the weekend. Thanks Kenmania for finding and posting the Snake....hope Tiago and Belidax have now got it. I think it repaints about 6 bars in real time, but as I only use it on 5 min and 1 min that doesnt effect its use for me as a big visual alert, especially via divergence.

Please let me have your thoughts as to what you find with it as its quite new to me too!

What a great set up at 0:16 edt off the 1 min chart....higher low, held at 200ema, snake turning green, buy break of 34ema at 226.43 or above prior high at 226.58.....a cool 80 pips or so......pity I was still in bed! http://www.forexfactory.com/images/icons/icon8.gif

Hey Islander-

I like the snake- I don't see that it repaints once the candle closes. And even if it did, like you said- it's a good indicator for using down on the 1 min. and 5 min. TF's. I've copped quite a few pips just over the past few hours. It's not the main indicator I'm using, but it really does help.
Is your SL my TP?
  • #13,159
  • Aug 21, 2007 3:28am Aug 21, 2007 3:28am
Quoting kenmania
Hey Islander-

I like the snake- I don't see that it repaints once the candle closes. And even if it did, like you said- it's a good indicator for using down on the 1 min. and 5 min. TF's. I've copped quite a few pips just over the past few hours. It's not the main indicator I'm using, but it really does help.
Glad you´re finding it useful......and getting pips http://www.forexfactory.com/images/icons/icon14.gif
Trading Levels with WRBs
  • #13,160
  • Aug 21, 2007 6:19am Aug 21, 2007 6:19am
where is GJ going TODAY?
BAM BAM BOOM! -bravado
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