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Daily GBP/JPY analysis

  • #1,001
  • Mar 6, 2007 6:38pm Mar 6, 2007 6:38pm
Quoting MKTrader
I'm using MCAD with below set in M30 chart:

EMA Fast: 48
EMA Slow: 72
MACD SMA: 9
Sorry, but I don't understand these numbers.
Can you just tell us in some simple words next to the numbers ?

Thanks
  • #1,002
  • Mar 6, 2007 6:41pm Mar 6, 2007 6:41pm
Quoting mmccormac
We also have an 89 EMA (hourly chart) at 226.18 and then the 23.6% fib retracement from the last major wave down at 225.92.




EDIT: 89 EMA at 226.19
What is EMA stands for ?
  • #1,003
  • Mar 6, 2007 6:43pm Mar 6, 2007 6:43pm
Thanks for the generosity
looking forward to it.
thanks
Quoting MKTrader
Some my friends on this thread PMed me about my system, i trying for explain my system but i can not explain all information this need times! so i'm apologize.

NOTE: at this time i'm working for make an expert advistor on GBP/JPY pair with a template(indicators) for MT4 platform when it done i post in here.

IT'S FREE...
learn something everyday
  • #1,004
  • Mar 6, 2007 6:47pm Mar 6, 2007 6:47pm
Although i told this numbers is in 30M chart but i'm using for long-term as monthly position look at your 30M chart it touched line! do not forget for check olden days...with this MACD



Quoting trader8686
Sorry, but I don't understand these numbers.
Can you just tell us in some simple words next to the numbers ?

Thanks
With Regards, MKTrader Not Risk Not Gain!
  • #1,005
  • Mar 6, 2007 6:48pm Mar 6, 2007 6:48pm
Quoting trader8686
What is EMA stands for ?
Exponential Moving Average

FYI - http://www.investopedia.com/terms/e/ema.asp
  • #1,006
  • Mar 6, 2007 6:52pm Mar 6, 2007 6:52pm
Quoting Basilides
here is a daily view of the GBP/JPY. I see a H&S with the neckline broken at 232.50 or so. The distance from the top of the head to the neckline equals the distance from the neckline all the way down to 221 where the drop stopped. This is what one would expect from a H&S pattern. A 38.2 retracement would bring us at about 228, but i think more likely is to go for a 50fib retracement to 231.50or so, just shy of the current levels of the 50SMA. (Draw a longterm daily on the GBP/JPY and put a 50SMA, see how many times it acted as support, so now likely to be first major resistance on the way up. The fall from there might bring us back down to 229 (the 38Fib) or 226 (23.6Fib). Then I would prob expect a further rise to test the old neckline at 235, which are also the current levels of the 100SMA. Of course these are just my scribblings , any insights welcomehttp://img73.imageshack.us/img73/273...pydailykn6.jpg
Basilides,
Thanks and I enjoy your posting with picture. But, What is SMA ?
  • #1,007
  • Mar 6, 2007 7:06pm Mar 6, 2007 7:06pm
hmmm... its bouncing off the 23.6 fib. might see a down day today
  • #1,008
  • Mar 6, 2007 7:17pm Mar 6, 2007 7:17pm
Quoting karma729
hmmm... its bouncing off the 23.6 fib. might see a down day today

The 23.6% it bounced off was the major move down from 1/23-3/6. Also the point it hit to the pip was the 63.7% from that 5 year move down I talked about earlier.
  • #1,009
  • Mar 6, 2007 7:30pm Mar 6, 2007 7:30pm
what the heck is happening here.
  • #1,010
  • Mar 6, 2007 7:33pm Mar 6, 2007 7:33pm
boy do i love this pair. 130 pips in 5 minutes...
  • #1,011
  • Mar 6, 2007 7:46pm Mar 6, 2007 7:46pm
anyone catch the sweet ride down just before ? (got some pips on the EUR/JPY - I was too slow for GBP/JPY)
  • #1,012
  • Mar 6, 2007 7:47pm Mar 6, 2007 7:47pm
this is a crazy one tonight!!!
  • #1,013
  • Mar 6, 2007 7:51pm Mar 6, 2007 7:51pm
Quoting bmwboyee
what the heck is happening here.
One economist said it has a lot to do with hedge funds unloading and reloading carry trades. Probably a lot of other stuff too but those hedge funds have a LOT of money to throw around.
  • #1,014
  • Mar 6, 2007 7:55pm Mar 6, 2007 7:55pm
"20:51Hearing some redemption by Japanese investors of foreign investments may be the reason for the action."
  • #1,015
  • Mar 6, 2007 7:58pm Mar 6, 2007 7:58pm
Quoting karma729
boy do i love this pair. 130 pips in 5 minutes...
seriously this pair is ridiculously crazy...I got 100 myself but I was surprise to see it after I longed for 30 earlier...
  • #1,016
  • Mar 6, 2007 8:10pm Mar 6, 2007 8:10pm
i wish i could say the same
  • #1,017
  • Mar 6, 2007 8:23pm Mar 6, 2007 8:23pm
I'm a noob here. My platform has this pair moving in ten-pip (even round number) increments.

Is this normal????
Is your SL my TP?
  • #1,018
  • Mar 6, 2007 8:33pm Mar 6, 2007 8:33pm
Quoting kenmania
I'm a noob here. My platform has this pair moving in ten-pip (even round number) increments.

Is this normal????

Mine has been also for the past 12 minutes or so. Something weird must be going on. You never know with this pair.
  • #1,019
  • Mar 6, 2007 8:35pm Mar 6, 2007 8:35pm
Must be the broker. My IB-fx chart is doing that but a different platform is ok.
  • #1,020
  • Mar 6, 2007 8:36pm Mar 6, 2007 8:36pm
Since I added standard deviation to my template, stopped trading all lame pairs like E/U, U/C, G/U etc (and stopped guessing the market)... and moved down to 30 mins chart... GBPJPY is boring me with profits.

I'm off to Africa!
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