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Daily GBP/JPY analysis

  • #14,301
  • May 2, 2008 8:13am May 2, 2008 8:13am
Nice to read some analysis here Srikanth.

This pair should stall around the 213 region if it gets there. It looks a bit high but lets see. I'll let market action indicate what's happening.
  • #14,302
  • May 2, 2008 8:19am May 2, 2008 8:19am
Quoting Zoran
Nice to read some analysis here Srikanth.

This pair should stall around the 213 region if it gets there. It looks a bit high but lets see. I'll let market action indicate what's happening.
yep..

this thread is almost dead..so trying to make it active with my n00b analysis..
I hope you'll post your analysis here regularly
  • #14,303
  • May 2, 2008 8:28am May 2, 2008 8:28am
Quoting Zoran
Nice to read some analysis here Srikanth.

This pair should stall around the 213 region if it gets there. It looks a bit high but lets see. I'll let market action indicate what's happening.
Hi Zoran,

How are you.

213 sounds like a nice target to me .
  • #14,304
  • May 2, 2008 8:32am May 2, 2008 8:32am
Quoting Wolf.
Hi Zoran,

How are you.

213 sounds like a nice target to me .

well if GJ closes below 208 after 30 mins, we would have a pin bar on the 4H which would signal a fall...
  • #14,305
  • May 2, 2008 8:34am May 2, 2008 8:34am
Quoting ns_karthik77
well if GJ closes below 208 after 30 mins, we would have a pin bar on the 4H which would signal a fall...
there seems to be no buyers @ 208-209 area..price might take support at 206 area and test 213 area
  • #14,306
  • May 2, 2008 8:42am May 2, 2008 8:42am
Quoting ns_karthik77
well if GJ closes below 208 after 30 mins, we would have a pin bar on the 4H which would signal a fall...
Your absolutley right and that may very well happen.

As you can probably guess I'm long and would prefer to stay long (its so much easier).

It will at the end of the day go were it wants, at an area of support? right now, lets see what happens.

A lot can happen in the next 20 minutes.
  • #14,307
  • May 2, 2008 8:58am May 2, 2008 8:58am
here is water level indicator..
Attached File(s)
File Type: zip my setup.zip   546 KB | 521 downloads
  • #14,308
  • May 2, 2008 9:12am May 2, 2008 9:12am
Quoting Wolf.
Your absolutley right and that may very well happen.

As you can probably guess I'm long and would prefer to stay long (its so much easier).

It will at the end of the day go were it wants, at an area of support? right now, lets see what happens.

A lot can happen in the next 20 minutes.

well not a perfect pin bar...lets see anyway...
  • #14,309
  • May 2, 2008 9:13am May 2, 2008 9:13am
Quoting Srikanth
here is water level indicator..

well it would be great if u can tell us how to use it mate...
  • #14,310
  • May 2, 2008 9:20am May 2, 2008 9:20am
public talk about U/J
Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 99 KB
  • #14,311
  • May 2, 2008 9:21am May 2, 2008 9:21am
Quoting ns_karthik77
well it would be great if u can tell us how to use it mate...
well, even i'm trying how to use it

Just got it from other thread..
  • #14,312
  • May 2, 2008 9:31am May 2, 2008 9:31am
Quoting Srikanth
well, even i'm trying how to use it

Just got it from other thread..

lol...so the pin bar seems to have started working...:-))...
  • #14,313
  • May 2, 2008 9:34am May 2, 2008 9:34am
well,

i'm shorted half position @ 207.85 .. got some sort of confirmation ..

PS: don't follow my signals
  • #14,314
  • May 2, 2008 9:43am May 2, 2008 9:43am
i believe short should be the way for now..
  • #14,315
  • May 2, 2008 9:52am May 2, 2008 9:52am
i wish more people would post in here with all the queries or any comments that they might have....that would make this more interactive..
  • #14,316
  • May 2, 2008 11:37am May 2, 2008 11:37am
Quoting ns_karthik77
i wish more people would post in here with all the queries or any comments that they might have....that would make this more interactive..

good support at 207.5 needs to be broken for further downside..
  • #14,317
  • May 2, 2008 12:05pm May 2, 2008 12:05pm
Quoting Srikanth
well, even i'm trying how to use it

Just got it from other thread..
Srikanth, I guess this is the thread that explains it?

http://www.forexfactory.com/showthread.php?t=67211

I just searched to find that...looks interesting.
  • #14,318
  • May 2, 2008 12:44pm May 2, 2008 12:44pm
Quoting Srikanth
yep..

this thread is almost dead..so trying to make it active with my n00b analysis..
I hope you'll post your analysis here regularly
I traded in my crystal ball but I can point out some important levels as they appear. As mentioned, I tend to watch market action these days and play on that.
  • #14,319
  • May 2, 2008 12:46pm May 2, 2008 12:46pm
Quoting Wolf.
Hi Zoran,

How are you.

213 sounds like a nice target to me .
Hi Wolf

Good to see you around. Yes, 213 is an important level but the question is will it get there? Doesn't look like it but lets see.
  • #14,320
  • May 2, 2008 12:48pm May 2, 2008 12:48pm
I trade only this pair. I have been studying the chart for a while this morning, and i find that with what is happening in Europe, and the way the chart looks, that we can expect price to move down to the 205.50 area, as per Fibs, then i think it will continue it's climb above 209.00 up to 213.00 next week. No crystal ball here either, just what my analysis is telling me.
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