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Daily GBP/JPY analysis

  • #1,421
  • Mar 13, 2007 5:38pm Mar 13, 2007 5:38pm
Quoting NasdaqNinja
maybe try and get in if it breaks 223.40 cleanly, cause the next stop could be 222.50. thats how i see it .
By the way, can you list out those prices might caught us in the future ?
  • #1,422
  • Mar 13, 2007 5:38pm Mar 13, 2007 5:38pm
223.65, that's my magic number. If it goes below this and test's it once with a failure, things may countinue to move south.

This is not a recommendation to buy or sell
  • #1,423
  • Mar 13, 2007 5:41pm Mar 13, 2007 5:41pm
Great! Dexis, That's what we like!
  • #1,424
  • Mar 13, 2007 5:46pm Mar 13, 2007 5:46pm
Quoting trader8686
Great! Dexis, That's what we like!
All my talks about the market movements are solely the decisions I make, and the outcomes might be totally opposite of what I've stated here. This is once again not a recommendation to buy or sell, and I am not taking any responsibility for anyone's losses incurred following my statements.

Anyway, let the pips be with You all
  • #1,425
  • Mar 13, 2007 5:46pm Mar 13, 2007 5:46pm
Quoting trader8686
By the way, can you list out those prices might caught us in the future ?
you mean resistance levels?
  • #1,426
  • Mar 13, 2007 5:48pm Mar 13, 2007 5:48pm
took a long at 22382. stop 30 pips. limit 50 pips.
Hopefully I can catch some of a retracement..
  • #1,427
  • Mar 13, 2007 5:55pm Mar 13, 2007 5:55pm
looks like we might get a bit of a retracement here, your right saa. im still holding short. out of curiousity, anyone have the stats on the volatility of this pair during the asian session?

it'll be interesting to see if 224.00 acts as resistance now.
  • #1,428
  • Mar 13, 2007 6:16pm Mar 13, 2007 6:16pm
Quoting NasdaqNinja
you mean resistance levels?
That's right, like resistance levels.
  • #1,429
  • Mar 13, 2007 6:17pm Mar 13, 2007 6:17pm
We are on the move again

Asian market is holding original trend so far
  • #1,430
  • Mar 13, 2007 6:18pm Mar 13, 2007 6:18pm
i see 223.40 which were attacking right now
222.50 which is the next major support
and 221.70, thats my TP but im playing it by ear.
  • #1,431
  • Mar 13, 2007 6:19pm Mar 13, 2007 6:19pm
oh well.. guess the saying about trying to catch a falling knife was right in this instance.. glad I'm only trading mini's wile learning.
  • #1,432
  • Mar 13, 2007 6:20pm Mar 13, 2007 6:20pm
I have the next fib pivot at 222.86...

Would be nice to make it to that point, getting late here in the UK, so will probably have to set up some tight stops and let it off the chain
  • #1,433
  • Mar 13, 2007 6:25pm Mar 13, 2007 6:25pm
Where's our retracement? Come on baby just a few nice green candles before tanking! lol
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #1,434
  • Mar 13, 2007 6:25pm Mar 13, 2007 6:25pm
tokyo session starts at 8pm EST now with daylight savings time right?
  • #1,435
  • Mar 13, 2007 6:41pm Mar 13, 2007 6:41pm
Quoting Qwiktrader
Where's our retracement? Come on baby just a few nice green candles before tanking! lol
yeah. I need to position for the short now.


karma, tokyo opens in about 20 mins.
I'm in sydney, so don't know what time that is in the US
  • #1,436
  • Mar 13, 2007 6:46pm Mar 13, 2007 6:46pm
Quoting saa
yeah. I need to position for the short now.


karma, tokyo opens in about 20 mins.
I'm in sydney, so don't know what time that is in the US
I'm thinking Japan will bring this back to 224.00 and then the down trend will continue. At the tone of the bell its 19:46 EST.
  • #1,437
  • Mar 13, 2007 7:04pm Mar 13, 2007 7:04pm
well, we got the 224 retracement, where does that leave you guys?

i think the trend is still on.
  • #1,438
  • Mar 13, 2007 7:10pm Mar 13, 2007 7:10pm
Quoting NasdaqNinja
well, we got the 224 retracement, where does that leave you guys?
i think the trend is still on.
I guess the retracement will touch 224.30, next is 225.45. If it stay lower than 224.60 after asian session, the trend will continue down. By the way, if you feel GJ is too much risker, but missed the good entry of EJ, you may look at AUD/JPY after this retracement. AJ patten are very similar like EJ but get a little lag.
- Ray Tracy - Novice forex trader from GMT+8
  • #1,439
  • Mar 13, 2007 7:31pm Mar 13, 2007 7:31pm
Now that's what I like to see!!!! Yes sir!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #1,440
  • Mar 13, 2007 7:33pm Mar 13, 2007 7:33pm
good call on that one ray tracy, i didn't get in but it sure is a sweet move.
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