Daily GBP/JPY analysis | Page 74 | 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

  • #1,461
  • Edited Mar 14, 2007 12:20am Mar 13, 2007 11:51pm | Edited Mar 14, 2007 12:20am
I dnt see any doji on my 4 hour chart
Attached Image
  • #1,462
  • Mar 13, 2007 11:57pm Mar 13, 2007 11:57pm
what was that all about??
  • #1,463
  • Mar 14, 2007 12:06am Mar 14, 2007 12:06am
don't know.. 40pips in 15 mins though.
seems to be stalling around the 223.80 area for some reason.


ssvirk, I can harldy see anything on your chart. Except for plenty of lines..
  • #1,464
  • Mar 14, 2007 12:07am Mar 14, 2007 12:07am
One thing I've learned is to patiently wait for the close of an HOUR bar as the market makers will lead you to believe the market is going in one direction only to turn as the last 5 to 10 minutes of the hour come to a close. It's totally messed up but I didn't see that coming either.
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #1,465
  • Mar 14, 2007 12:29am Mar 14, 2007 12:29am
Quoting ssvirk
I dnt see any doji on my 4 hour chart
What is doji for?
  • #1,466
  • Mar 14, 2007 12:32am Mar 14, 2007 12:32am
Quoting trader8686
What is doji for?
It's a sign of reversal down in an uptrend if it's already overbought, and reversal up in a downtrend if it's already oversold. Ignore doji candle if the trend in particular timeframe isn't overbought or oversold yet. Just my opinion.
Tra-X
  • #1,467
  • Mar 14, 2007 12:43am Mar 14, 2007 12:43am
Quoting Traex
It's a sign of reversal down in an uptrend if it's already overbought, and reversal up in a downtrend if it's already oversold. Ignore doji candle if the trend in particular timeframe isn't overbought or oversold yet. Just my opinion.
So, that's the market is now? It isn't overbought or oversold.
I hope so, earlier I heard that market was oversold.
  • #1,468
  • Mar 14, 2007 12:45am Mar 14, 2007 12:45am
Quoting Traex
It's a sign of reversal down in an uptrend if it's already overbought, and reversal up in a downtrend if it's already oversold. Ignore doji candle if the trend in particular timeframe isn't overbought or oversold yet. Just my opinion.
Yeah, I agree. It's important to use it in conjuntion with oversold/bought levels, support/resistance areas, trendlines or other technical tools. Also, a doji is irrelevant in a congestion period.
  • #1,469
  • Mar 14, 2007 12:48am Mar 14, 2007 12:48am
Quoting zawodowiec
Yeah, I agree. It's important to use it in conjuntion with oversold/bought levels, support/resistance areas, trendlines or other technical tools. Also, a doji is irrelevant in a congestion period.
zawodowiec,
Can you explain why market is so undetermined direction tonight?
  • #1,470
  • Mar 14, 2007 1:37am Mar 14, 2007 1:37am
just broke my trendline... im short
  • #1,471
  • Mar 14, 2007 1:42am Mar 14, 2007 1:42am
Pipastic morning
  • #1,472
  • Mar 14, 2007 1:46am Mar 14, 2007 1:46am
thank god i chose to stay up late
  • #1,473
  • Mar 14, 2007 1:50am Mar 14, 2007 1:50am
Guys can I just ask:
Just now, I was short on G/Y. price had begun to move up a bit to 223.10 area. Suddenly, there was a spike down to 222.24 and price went up again in a flash to 223.10.

Did anyone else notice this, or was it just a broker glitch?
  • #1,474
  • Mar 14, 2007 1:51am Mar 14, 2007 1:51am
broker glitch...
  • #1,475
  • Mar 14, 2007 1:53am Mar 14, 2007 1:53am
Thanks man
  • #1,476
  • Edited 2:38am Mar 14, 2007 1:59am | Edited 2:38am
It's moving again due to euro stock weaken expectation. And drag GU down together....

I have setup first target @ 221.10, next target @ 220.70, [email protected], TS@180 pips

I also setup G/U short target @ 1.9210.....

--- Updated: (30min after original post)

move G/U target @ 1.9175, watch the price action to close it manually.....
- Ray Tracy - Novice forex trader from GMT+8
  • #1,477
  • Mar 14, 2007 2:03am Mar 14, 2007 2:03am
Quoting karma729
thank god i chose to stay up late
Was staying up worth a bunch of pips?

Seriously, this pair is a PIP FARM
  • #1,478
  • Mar 14, 2007 2:11am Mar 14, 2007 2:11am
Quoting ssotiro
Guys can I just ask:
Just now, I was short on G/Y. price had begun to move up a bit to 223.10 area. Suddenly, there was a spike down to 222.24 and price went up again in a flash to 223.10.

Did anyone else notice this, or was it just a broker glitch?
Which broker u r using? I got that spike as well.
  • #1,479
  • Mar 14, 2007 2:13am Mar 14, 2007 2:13am
Quoting im7i4z
Which broker u r using? I got that spike as well.
probably glitch because 1world is currently stuck at 222.68 right now
  • #1,480
  • Mar 14, 2007 2:17am Mar 14, 2007 2:17am
Stop hunters. $_$
6 traders viewing now