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Daily GBP/JPY analysis

  • #1,121
  • Mar 8, 2007 6:49pm Mar 8, 2007 6:49pm
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
i seriously hope youre joking
  • #1,122
  • Mar 8, 2007 7:05pm Mar 8, 2007 7:05pm
What is your % increase since 3/1? 100% is possible.
  • #1,123
  • Mar 8, 2007 9:45pm Mar 8, 2007 9:45pm
Can we get past the banter and get back to discussion of the pair? This is how all the good threads get ruined....
  • #1,124
  • Mar 8, 2007 9:51pm Mar 8, 2007 9:51pm
I agree with mcmep11... lets focus on the gbp/jpn analysis to make this trend going
  • #1,125
  • Mar 8, 2007 10:39pm Mar 8, 2007 10:39pm
the pair is ranging right now. id stay out and watch from the sidelines.
  • #1,126
  • Mar 8, 2007 10:58pm Mar 8, 2007 10:58pm
How does the Non Farm Payroll affect this pair? I have a flight in the morning and won't be able to catch the trade. I was wondering what it might do, so I can make a calculated guess and maybe catch the results.....
  • #1,127
  • Mar 9, 2007 2:54am Mar 9, 2007 2:54am
Quoting Basilides
As is already mentioned, the volatility of this pair is huge when measured in absolute pips (in percentage basis maybe some other major pair, not sure). It trade it profitably, just this week it made me £12k, but I use large SL - of course this is my style, to go for the larger moves. I don't trade for the 50-pip moves, and especially on this pair. Scalping and/or swing trading at very short timeframes is not my strength.
Hi Basilides - well done Keep it up mate

Just gone short at 226.89 ( wide stop of 100 pips) on a failed break at 227
What methodology you use for entry. I focus on divergences, but often it does not work - will appreciate some feedback
  • #1,128
  • Mar 9, 2007 3:02am Mar 9, 2007 3:02am
Quoting chokenyou
How does the Non Farm Payroll affect this pair? I have a flight in the morning and won't be able to catch the trade. I was wondering what it might do, so I can make a calculated guess and maybe catch the results.....
IMO it doesn't have a big impact on G/Y, the pair is mad during that time AS ALWAYS! )
  • #1,129
  • Mar 9, 2007 3:12am Mar 9, 2007 3:12am
I think maybe a head n shoulders is forming on the M15 chart. Thatwould mean an upcoming downtrend, which I favour very much.
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  • #1,130
  • Mar 9, 2007 3:12am Mar 9, 2007 3:12am
227 seems to be holding strong...but...GBP news coming in less than half an hour...with anticipation of positive numbers...
  • #1,131
  • Mar 9, 2007 3:56am Mar 9, 2007 3:56am
I still long o this pair, but my indicators are starting to look down, i was expecting a test of 38.2 fibo but the resist at 227 is to strong. anyway i still long. dont looks like that we will have a big change before USD news
  • #1,132
  • Mar 9, 2007 4:06am Mar 9, 2007 4:06am
Well my indicators are still saying up trend, My first trade hit TP at 227 :-) but second one still going...

This pair is the marmite of the forex world, you either love it or hate it !

Demon
  • #1,133
  • Mar 9, 2007 8:28am Mar 9, 2007 8:28am
well done mktrader...would love to see wat ur recommendations are now!!!
cheers
  • #1,134
  • Mar 9, 2007 8:30am Mar 9, 2007 8:30am
kept my long in. hope to head over 129 but looks like it is taking some of the pips back now from our run up.
  • #1,135
  • Mar 9, 2007 9:15am Mar 9, 2007 9:15am
I am short here. 1 at the top of the white channel. 2 Still walking up the blue meridian line but is ranging around it. 3 above the upper purple band 4 has failed 5 times over 228.25 on the 5 min.
Any comments or suggestions welcome.
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  • #1,136
  • Mar 9, 2007 9:32am Mar 9, 2007 9:32am
It just bounced off the 50% retracement of the news spike.
  • #1,137
  • Mar 9, 2007 9:47am Mar 9, 2007 9:47am
Quoting Trade888
I am short here. 1 at the top of the white channel. 2 Still walking up the blue meridian line but is ranging around it. 3 above the upper purple band 4 has failed 5 times over 228.25 on the 5 min.
Any comments or suggestions welcome.
i closed my long at 228.23 and im doing a long since 227.63 atm. my target is 228.25 and SL 227.50 . im trying small longs until my indicators change to short
  • #1,138
  • Mar 9, 2007 9:47am Mar 9, 2007 9:47am
Quoting Trade888
I am short here. 1 at the top of the white channel. 2 Still walking up the blue meridian line but is ranging around it. 3 above the upper purple band 4 has failed 5 times over 228.25 on the 5 min.
Any comments or suggestions welcome.
Bold investors jumpped back in the carries. Risk averses are likely to do that by late NY, after confirmation of Dow Jones & Friends up.

Interesting to notice the few pips moving now in accordance with DJ:
http://www.nyse.com/about/listed/lcd...tml?ticker=DJI

That's my view, as GJ is stalled in a key psycological figure. Same happening to dollaryen...
  • #1,139
  • Mar 9, 2007 10:03am Mar 9, 2007 10:03am
Trader 888
There is a lot of debate about where exactly to place a fib line. Some traders believe that it should be placed from the last trend to the present. On your chart you include a lot that has already happened therefore giving you a message that might not be all that accurate especially on a 4 hr. Maybe on a daily you could use your fib line and be quite accurate.
  • #1,140
  • Mar 9, 2007 10:06am Mar 9, 2007 10:06am
HAZZ, good to see you are doing well. Perhaps you could post a chart and discuss what indicators your are finding useful.
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