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Daily GBP/JPY analysis

  • #1,101
  • Mar 8, 2007 1:33pm Mar 8, 2007 1:33pm
right on time. Even British trains are not that accurate.

erm, ok so they are not really that accurate anyway, hehe
  • #1,102
  • Mar 8, 2007 2:07pm Mar 8, 2007 2:07pm
Quoting zawodowiec
Looks like a triangle is forming, with a possible breakout to the downside. Notice the lower highs, seems that the price wasn't able to get much higher.
It also has higher lows; symmetrical triangles are unpredictable.
  • #1,103
  • Mar 8, 2007 2:10pm Mar 8, 2007 2:10pm
Quoting hidethereal
It also has higher lows; symmetrical triangles are unpredictable.
Lower lows now.
If you can't solve a problem, it's because you're playing by the rules.
  • #1,104
  • Mar 8, 2007 2:17pm Mar 8, 2007 2:17pm
Quoting zawodowiec
Looks like a triangle is forming, with a possible breakout to the downside. Notice the lower highs, seems that the price wasn't able to get much higher.
WHERE IS OUR NEXT RESISTANCE/SUPPORT LEVEL THIS TIME DOWNSIDE ?
  • #1,105
  • Mar 8, 2007 2:24pm Mar 8, 2007 2:24pm
so is this thing going to tank at this point? or find support and bust north? it seems during the Asian session it has always dropped other than last night, i liked the late night gains.
  • #1,106
  • Mar 8, 2007 2:29pm Mar 8, 2007 2:29pm
Quoting hidethereal
It also has higher lows; symmetrical triangles are unpredictable.
erm, guys, this is why it's called a triangle. By definition it will have lower highs and higher lows
  • #1,107
  • Mar 8, 2007 2:43pm Mar 8, 2007 2:43pm
keep this beauty in mind (last bar) when you're trading smaller time frames.
If we get weekly close some 60pips higher, we might get back to 232 level.
For some people it will be target for longs, for others, it might be good short opportunity...
Attached Image
  • #1,108
  • Mar 8, 2007 2:46pm Mar 8, 2007 2:46pm
to karma and joker an update

well the usd/jpy showed me 10k last night and another 2k this morning on the way down, now in a long at 117.08 looking for another 6k or so, your earlier comments have been disproved I love people that try to bring others down and fail.

I apologize to everyone else that reads this for the post but I just had to rub it in those haters faces.

good luck to everyone and up with the usd/jpy


ps and yes that is a real account not a demo
  • #1,109
  • Mar 8, 2007 2:47pm Mar 8, 2007 2:47pm
in addition to the prev. chart..
It's the PIN from 55 EMA...
  • #1,110
  • Edited 3:17pm Mar 8, 2007 2:50pm | Edited 3:17pm
Quoting denonline
in addition to the prev. chart..
It's the PIN from 55 EMA...
lol...yes, it is D.
I left it out on purpose..
plot it on daily and you'll know where my limit orders are waiting..
  • #1,111
  • Mar 8, 2007 3:01pm Mar 8, 2007 3:01pm
Quoting jeghead1
to karma and joker an update

well the usd/jpy showed me 10k last night and another 2k this morning on the way down, now in a long at 117.08 looking for another 6k or so, your earlier comments have been disproved I love people that try to bring others down and fail.

I apologize to everyone else that reads this for the post but I just had to rub it in those haters faces.

good luck to everyone and up with the usd/jpy


ps and yes that is a real account not a demo
wow, you sure showed me! now im going to go huddle in a corner and cry... . seriously, grow up and get a sense of humor will you. with as much money as you claim to have, you sure act like an 8yr old child. dont make off-topic posts in this thread next time, it ruins it for others. take care.
  • #1,112
  • Mar 8, 2007 3:05pm Mar 8, 2007 3:05pm
like i said i apologize to everyone else for the childish replies, it was just fun to show you that 6500$ loss was for a reason it was not bad money management. bad money management would have been leaving it in a losing trade and not recouping.

maybe you should try and learn something

no ill feelings i was just happy that it did what i thought it would do
  • #1,113
  • Mar 8, 2007 3:13pm Mar 8, 2007 3:13pm
Quoting jeghead1
like i said i apologize to everyone else for the childish replies, it was just fun to show you that 6500$ loss was for a reason it was not bad money management. bad money management would have been leaving it in a losing trade and not recouping.

maybe you should try and learn something

no ill feelings i was just happy that it did what i thought it would do
what is your position on GBP/JPY right now? or thoughts on the movement?
  • #1,114
  • Mar 8, 2007 3:14pm Mar 8, 2007 3:14pm
Quoting jeghead1
like i said i apologize to everyone else for the childish replies, it was just fun to show you that 6500$ loss was for a reason it was not bad money management. bad money management would have been leaving it in a losing trade and not recouping.

maybe you should try and learn something

no ill feelings i was just happy that it did what i thought it would do
and maybe you should go back to my original post and re-read it. apparently, youre too dense to understand what i said. just a thought.
  • #1,115
  • Mar 8, 2007 3:20pm Mar 8, 2007 3:20pm
lol i am too dense obviously.

Long gbp/jpy and usd/jpy, however i do not trade the gbp/jpy because of the commission difference. (it is about a third the price to trade the usd/jpy). on the usd/jpy the new floor is at around 116.90 and the gbp/jpy i am sure will move accordingly.

just my two cents
  • #1,116
  • Mar 8, 2007 3:39pm Mar 8, 2007 3:39pm
Quoting raczekfx
keep this beauty in mind (last bar) when you're trading smaller time frames.
If we get weekly close some 60pips higher, we might get back to 232 level.
For some people it will be target for longs, for others, it might be good short opportunity...
Youre' certainly right. Ive noticed that pin bar too, on usd jpy as well. It's clearly a bullish sign in the mid-term.
  • #1,117
  • Mar 8, 2007 3:47pm Mar 8, 2007 3:47pm
Here are some potential targets to the upside (red lines+fibs). We can expect some resistance at those levels if further bullish action continues.
Attached Image
  • #1,118
  • Mar 8, 2007 4:00pm Mar 8, 2007 4:00pm
I would love to see a base above 227.
  • #1,119
  • Mar 8, 2007 4:58pm Mar 8, 2007 4:58pm
8K, 16K means nothing, i mean the important thing is the %. did u make 50% at least last week? are u making 80% at least per month? if not u should check g/j and leave u/j, to be honest i dont think that anyone can do it on u/j
  • #1,120
  • Mar 8, 2007 5:19pm Mar 8, 2007 5:19pm
Quoting hazz
8K, 16K means nothing, i mean the important thing is the %. did u make 50% at least last week? are u making 80% at least per month? if not u should check g/j and leave u/j, to be honest i dont think that anyone can do it on u/j

50% a week???
at least 80% per month???
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