Daily GBP/JPY analysis | Page 52 | 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

  • #1,021
  • Edited 8:54pm Mar 6, 2007 8:39pm | Edited 8:54pm
what the heck was that! made just about 300 pips swinging g-j and g-u... i guess it worked pretty nice for me. first time in my life when i was able to ride that mother all the way up and down and up and down...
now i need a cigarette, it was better than sex (btw, i'm not a smoker).
now i'm good to go fishing or sleeping for the rest of the week.
Nihil Sine Deo.
  • #1,022
  • Mar 6, 2007 8:53pm Mar 6, 2007 8:53pm
Quoting kmrunner
Must be the broker. My IB-fx chart is doing that but a different platform is ok.
Okay, I have IBFX too. Thanks for the reply.
Is your SL my TP?
  • #1,023
  • Mar 6, 2007 8:54pm Mar 6, 2007 8:54pm
Probably a strong buying just before interest rate (swap) is paid, usually drives price up, then after the swap is paid, ppl cover and the price falls...Swap is triple on Wednesday...

Well done catching 300 pips, dont tell your wife it was better than sex

FT

Quoting Scrat
what the heck was that! made just about 300 pips swinging g-j and g-u... i guess it worked pretty nice for me. first time in my life when i was able to ride that mother all the way up and down and up and down...
now i need a cigarette, it was better than sex (btw, i'm not a smoker).
  • #1,024
  • Mar 6, 2007 9:01pm Mar 6, 2007 9:01pm
Any ideas where this can go overnight??
  • #1,025
  • Mar 6, 2007 9:02pm Mar 6, 2007 9:02pm
Quoting Scrat
what the heck was that! made just about 300 pips swinging g-j and g-u... i guess it worked pretty nice for me. first time in my life when i was able to ride that mother all the way up and down and up and down...
now i need a cigarette, it was better than sex (btw, i'm not a smoker).
now i'm good to go fishing or sleeping for the rest of the week.
Hi Scrat,

How did you do it to profit 300 pips, teach me would you?

trader8686
  • #1,026
  • Mar 6, 2007 9:23pm Mar 6, 2007 9:23pm
here's what i was thinking:
- jpy is usually stronger during Asia session, so g-j should go down;
- aud news were last news AND also strong for aud (and there seems to be a strange relationship between jpy and aud, so another reason for jpy to become stronger).
then i entered immediately after news with a short on g-j at 226.00, and after a 200 pips drop, there must be some retracement right? i got 2 more swings and then i was out. i could have squeezed 10-20 pips out of it...

g-u was just for fun, i thought what the heck... g-j was going down... so i put a short on it too, and got about 70 pips.
Nihil Sine Deo.
  • #1,027
  • Mar 6, 2007 9:24pm Mar 6, 2007 9:24pm
i have a hunch it'll go up during london session.

Quoting stealthrx
Any ideas where this can go overnight??
Nihil Sine Deo.
  • #1,028
  • Mar 6, 2007 9:32pm Mar 6, 2007 9:32pm
It should go up, up, and up!
Show me the PIPS!
  • #1,029
  • Mar 6, 2007 9:37pm Mar 6, 2007 9:37pm
Quoting im7i4z
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!
im7i4z, what sort of standard deviation do you use (i.e. Bollinger Bands are standard deviations, but I assume that is not what you mean? or linear regression channel?)
  • #1,030
  • Mar 6, 2007 11:35pm Mar 6, 2007 11:35pm
okay, change of plans... looks like g-j would go down during london session. will watch market and stay ready to react.
good luck to everyone.
Nihil Sine Deo.
  • #1,031
  • Mar 7, 2007 2:36am Mar 7, 2007 2:36am
i think that MKTrader is right.
I dont got 90% accuracy (only 50%) since my strategy is trend following and like most of you i just react, not open positions on bets.
anyway i think that is time to the market go long, i mean we can see another downside but i dont expect any other break lower. long term for me looks long. maybe carry trades will come back . but is just my bet, im long atm but im rdy to short as soon that my indicators show short , look like that everyone is going long also..
  • #1,032
  • Mar 7, 2007 3:31am Mar 7, 2007 3:31am
MKTrader is


and for now may be Bullish HD on osMA, 1H
  • #1,033
  • Mar 7, 2007 7:05am Mar 7, 2007 7:05am
im closing my long and going short atm.
  • #1,034
  • Mar 7, 2007 8:10am Mar 7, 2007 8:10am
Quoting hazz
im closing my long and going short atm.
Why?
  • #1,035
  • Mar 7, 2007 8:15am Mar 7, 2007 8:15am
Quoting trader8686
Why?
cuz my indicators are showing short, but it dont mean that g/j is going down. its just my strategy. anyway if it go up like 50 -100 pips my indicators will probably change to long then i will long. thats my strategy
  • #1,036
  • Mar 7, 2007 8:19am Mar 7, 2007 8:19am
Quoting im7i4z
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!
Hey Man,
Can we be best friends? how do you determine your entries and exits? I get very excited watching this pair move.
  • #1,037
  • Mar 7, 2007 8:19am Mar 7, 2007 8:19am
Quoting hazz
cuz my indicators are showing short, but it dont mean that g/j is going down. its just my strategy. anyway if it go up like 50 -100 pips my indicators will probably change to long then i will long. thats my strategy
Good for you!
  • #1,038
  • Mar 7, 2007 8:22am Mar 7, 2007 8:22am
Quoting hazz
cuz my indicators are showing short, but it dont mean that g/j is going down. its just my strategy. anyway if it go up like 50 -100 pips my indicators will probably change to long then i will long. thats my strategy

thats a good way to lose pips, its basically guessing.. i mean im short currently as well, but to use that as the basis behind your trade is not to smart buddy..
  • #1,039
  • Mar 7, 2007 8:28am Mar 7, 2007 8:28am
Quoting Scrat
here's what i was thinking:
- jpy is usually stronger during Asia session, so g-j should go down;
- aud news were last news AND also strong for aud (and there seems to be a strange relationship between jpy and aud, so another reason for jpy to become stronger).
then i entered immediately after news with a short on g-j at 226.00, and after a 200 pips drop, there must be some retracement right? i got 2 more swings and then i was out. i could have squeezed 10-20 pips out of it...

g-u was just for fun, i thought what the heck... g-j was going down... so i put a short on it too, and got about 70 pips.
Did the exact same thing lol
CRAIGSLIST BARTERING CHAMPION
  • #1,040
  • Mar 7, 2007 8:41am Mar 7, 2007 8:41am
Originally Posted by im7i4z http://www.forexfactory.com/images/buttons/viewpost.gif
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.



Hey can you guys explain your standard devaition setup?


thanks
11 traders viewing now