Daily GBP/JPY analysis | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

GBP/JPY, GBP/USD, and EUR/USD (technical analysis) 3,084 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

Adwa Daily GBP/JPY analysis 23 replies

Attachments: Daily GBP/JPY analysis
Exit Attachments

Daily GBP/JPY analysis

  • #141
  • Edited 9:40pm Feb 8, 2007 9:27pm | Edited 9:40pm
BTW, Stan, I absolutely do not want followers. I'm giving my GBP/JPY analysis to y'all because I've been helped here, so I figured I'd help back. I'm just a dumb hillbilly, at least according to a few people here.

Be very careful with this, though, everybody. The very fact that it can make you 150 pips in a day means that you can lose that much, that fast, too...

We're in an indecisive choppy-ass period, time to wait...
Attached Image
"The time to act is when others show signs of tire." --W.D. Gann
  • #142
  • Feb 8, 2007 9:44pm Feb 8, 2007 9:44pm
Quoting dukeofdents
BTW, Stan, I absolutely do not want followers. I'm giving my GBP/JPY analysis to y'all because I've been helped here, so I figured I'd help back. I'm just a dumb hillbilly, at least according to a few people here.

Be very careful with this, though, everybody. The very fact that it can make you 150 pips in a day means that you can lose that much, that fast, too...
Your help is very much appreciated too, And I agree on the volitility of this pair 150 pips in either direction can either be exhilarating or devastating.
I want to be exhilarated!
Stan
  • #143
  • Feb 8, 2007 9:50pm Feb 8, 2007 9:50pm
Here's where I'm really seeing the chop, and I don't care what they say about Vegas, he's a bad mofo!
Attached Image
"The time to act is when others show signs of tire." --W.D. Gann
  • #144
  • Feb 8, 2007 9:56pm Feb 8, 2007 9:56pm
I was looking at the exact same chart, at almost the exact same time.

At face value that's a green-light buy signal, but considering the time/volatility ratio I am staying out until at least 2:00-3:00 EST.

Nice pick by the way!
I am addicted to chaos. That's why I trade forex.
  • #145
  • Feb 8, 2007 10:08pm Feb 8, 2007 10:08pm
I'm out for the week unless it gets really long. If it's gradual I can wait until Monday. Everyone seems to have to be in a trade all the time. I used to do that, too, then I started making money. Everyone should have made their money early in the week, ramping into BOE, riding the carry, then dumping it for profit this morning right at the BOE announcement. I got in technically and got out fundamentally, and I'm done, for the week, with a large amount of weekly appreciation. It's over for now except for scalps, and no scalper I ever met would admit he's a scalper. "I just trade short time frames!".

Thanks for the money, scalpers!

BTW, GBP/JPY is choppy as hell right now, and will be until London, if not next week. Stay out until something real goes down...
"The time to act is when others show signs of tire." --W.D. Gann
  • #146
  • Feb 8, 2007 10:18pm Feb 8, 2007 10:18pm
Yet another thought, there will be people in Frankfurt and London looking to re-enter the interest carry at a good price, so we may see some upward movement. I really think it will chop, though, and these techs make me want to see a big breakout. Ideally, for me, I'd like to see a big down move, with a hard upward reaction so I could get in long with momentum behind it. Somebody call up the market and tell it to do that!
"The time to act is when others show signs of tire." --W.D. Gann
  • #147
  • Feb 8, 2007 11:53pm Feb 8, 2007 11:53pm
Quoting dukeofdents
Yet another thought, there will be people in Frankfurt and London looking to re-enter the interest carry at a good price, so we may see some upward movement. I really think it will chop, though, and these techs make me want to see a big breakout. Ideally, for me, I'd like to see a big down move, with a hard upward reaction so I could get in long with momentum behind it. Somebody call up the market and tell it to do that!

Hey Duke, i like your posts and your attitude. I might even let you fix my car if i smash it up I use a variation of the vegas tunnel on the GBP/USD and it works very well. It looks like we might have a downleg continuation pattern setting up here (on GBP/USD). perhaps a swoon in price at london open then a big drop? any thoughts?
"i wake up in the morning, and i piss excellence"
  • #148
  • Feb 9, 2007 12:41am Feb 9, 2007 12:41am
Yup, I agree there will be a rise....then a nice fall like the Duke wants! Well.... I want that as well so...... here's to hoping!
Show me the PIPS!
  • #149
  • Feb 9, 2007 12:52am Feb 9, 2007 12:52am
It should fall ..that is what my indicators are showing.. at least to 235 but how long to wait for that...hmm...patience
  • #150
  • Feb 9, 2007 2:05am Feb 9, 2007 2:05am
Did It Fall! :d
Show me the PIPS!
  • #151
  • Feb 9, 2007 2:27am Feb 9, 2007 2:27am
Quoting tathlynq
Did It Fall! :d
It did. But is that all!! Why cant it go till 235!! Common , Common!!!
  • #152
  • Feb 9, 2007 2:50am Feb 9, 2007 2:50am
Wow you called it, next time you call a short, I looked closer
  • #153
  • Feb 9, 2007 5:10am Feb 9, 2007 5:10am
Hi Guys,

Watch out for the effect of possible dumping of dollar later today. It might have a pulling effect on GBP/JPY on the bull side. Moreso, it is still north of 200 ma and could move up anytime.

Shorters would not like me for this post but....just my view!

Not a call please. Any action is at your own risk.

Nice weekend to all

Dollar-Manhttp://www.forexfactory.com/images/icons/dollar.gif
  • #154
  • Feb 9, 2007 5:12am Feb 9, 2007 5:12am
...I forgot to add that i am looking at the daily chart.
  • #155
  • Feb 9, 2007 5:25am Feb 9, 2007 5:25am
What would be a good entry point (bullish) at these levels?

Current price: $236.59
  • #156
  • Feb 9, 2007 6:57am Feb 9, 2007 6:57am
Hi there

Cable supports looking at 1.9420 and if its break then the market will be in short till 1.9315- 1.9330

Good luck
  • #157
  • Feb 9, 2007 7:03am Feb 9, 2007 7:03am
Hi all,

great thread about one of my favourite pair !

This afternoon, I'll try to go "long" if GBPJPY come above 237.05 to target first TP at 237.80.
or

I 'll go "short" if pair go below 236.20 to target 235.10.

But it's just my 2 cents.

Have a good trade
  • #158
  • Feb 9, 2007 8:50am Feb 9, 2007 8:50am
Hi Im now 3 times, each 0,1lot(cant risk more at the moment first month realtrading ) long in this pair (137.81/34 136.62) like I said there is no SL (for this pair) TP will see and if it fall again I take it long again.
@larry wouldnt go short on this pair like you said "its just my 2cent"

happy pipping
  • #159
  • Feb 9, 2007 10:32am Feb 9, 2007 10:32am
There should be another downturn at least till around 236 before it carries on its natural journey to the top. Just my reading. Let us see.
  • #160
  • Feb 9, 2007 11:51am Feb 9, 2007 11:51am
Don T Long Gpbjpy In Friday Afternoon.the Gap In Mondany Could Be Dangerous Hahahahah!!!!
Sorry about my english...
4 traders viewing now