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Daily GBP/JPY analysis

  • #1,521
  • Mar 14, 2007 11:29am Mar 14, 2007 11:29am
  •  Trader#0000
  • | Status: Unregistered Trader
Sami

If I may ask : which setting you do prefer for macd and RSI ?
  • #1,522
  • Mar 14, 2007 11:35am Mar 14, 2007 11:35am
Quoting Sami7
I will tell you that we are encountering a trend line at around 224.38 which it is currently testing, below that and I believe we have some more movement. As far as support level, that can be interpreted in different ways. Multiple candle touches, etc. so - I'm staying away from that one.

We may get a bounce up here and a test again or further movement up.
15M TL did not break, that's why bounced back.
  • #1,523
  • Edited 11:47am Mar 14, 2007 11:37am | Edited 11:47am
Hi Guys,

My position closed with +100 pips, i'm waiting for suitable point for buy as long-term again.

New Trade
Middle-Term
Accuracy 70%
Sell GBP/JPY @225.60
S/L: 226.50
T/S: after lock +50 pips set your trailing stop to 100 pips
T/P: T1->222.50 T2->220.50

NOTE: H1 chart is overbought area!


IF YOU HAVE SMALL MARGIN I DO NOT RECOMMEND THIS PAIR FOR TRADE, IT'S WHIPSAW FOR YOU IN SHORT-TERM!


Good Luck My Friends
With Regards, MKTrader Not Risk Not Gain!
  • #1,524
  • Mar 14, 2007 11:43am Mar 14, 2007 11:43am
NYSE down in flames, below 12,000 - for it has been the driver for carry trades... GJ fully retraced y'day down move and now ranges between 50-62%. Depending on stock market performance, we may have another move down..

Just to share.
  • #1,525
  • Mar 14, 2007 1:18pm Mar 14, 2007 1:18pm
Gbpjpy H4
Attached Image
in
  • #1,526
  • Mar 14, 2007 1:21pm Mar 14, 2007 1:21pm
Quoting metto
Gbpjpy H4
Interesting, but what does that mean ?
  • #1,527
  • Mar 14, 2007 1:25pm Mar 14, 2007 1:25pm
Quoting JimboFX
Interesting, but what does that mean ?
I'm just trying to stay calm with this pair..
in
  • #1,528
  • Mar 14, 2007 1:37pm Mar 14, 2007 1:37pm
Quoting metto
Gbpjpy H4
Is it safe ?
  • #1,529
  • Mar 14, 2007 1:39pm Mar 14, 2007 1:39pm
Quoting trader8686
Is it safe ?
helmet please,...
in
  • #1,530
  • Mar 14, 2007 1:43pm Mar 14, 2007 1:43pm
  •  Trader#0000
  • | Status: Unregistered Trader
Metto

Thanks for sharing your chart, but honestly I cant make out a clue as to what your chart is saying.

Care to elaborate please?
  • #1,531
  • Mar 14, 2007 1:54pm Mar 14, 2007 1:54pm
Quoting HelloDollie
Metto

Thanks for sharing your chart, but honestly I cant make out a clue as to what your chart is saying.

Care to elaborate please?
Look a the curves... what do you see?

one giraffe!

Thanks Metto, it's funny during the war.
  • #1,532
  • Mar 14, 2007 1:59pm Mar 14, 2007 1:59pm
Well, having blown my account today.........anybody else short............apart from the Giraffe of course
  • #1,533
  • Mar 14, 2007 2:05pm Mar 14, 2007 2:05pm
Quoting HelloDollie
Metto

Thanks for sharing your chart, but honestly I cant make out a clue as to what your chart is saying.

Care to elaborate please?
if price bounce from kijun sen line (blue line) then i guess it will create second shoulder.
and the Down Kumo (Orchid area) was so fat, so i guess it will help to push the candle down.
please don't take it as a trade advice, i'm so very very noob
Attached Image
in
  • #1,534
  • Mar 14, 2007 2:41pm Mar 14, 2007 2:41pm
Quoting metto
if price bounce from kijun sen line (blue line) then i guess it will create second shoulder.
and the Down Kumo (Orchid area) was so fat, so i guess it will help to push the candle down.
please don't take it as a trade advice, i'm so very very noob
Metto,

Thanks for your chart picture. If the candles were pushed down, what level is going to sustain (support) the down trend ?
  • #1,535
  • Mar 14, 2007 2:47pm Mar 14, 2007 2:47pm
I was thinking dinasour, but giraffe works
  • #1,536
  • Mar 14, 2007 3:41pm Mar 14, 2007 3:41pm
i was checking your ichomuko (something like that) strategy yesterday and i found it very good for a long term trader (day chart), it would give 3000,4000 pips in one year, something like that .
  • #1,537
  • Mar 14, 2007 4:05pm Mar 14, 2007 4:05pm
Quoting jon167
I still see long in 15M, 1H and 4H charts.
Hi Jon167,
You still in long ?
Tough retrace almost stopped me out but still in for the long haul.....LOL's
+110p at the moment....
Seems to be stalling though (around last weeks low). Trailing SL will cover.
Stay Lucky Mimas.
  • #1,538
  • Edited 4:22pm Mar 14, 2007 4:07pm | Edited 4:22pm
What will be next move? Any idea?

CORRECTION, Wrong Analysis
  • #1,539
  • Mar 14, 2007 4:22pm Mar 14, 2007 4:22pm
Quoting Nacho_1975
What will be next move? Any idea?

since g/j is following stocks market and since dow jones closed positive, i think that if asia and euro stocks trade in a positive trend we may see a nice rally (long) tonight
  • #1,540
  • Mar 14, 2007 4:39pm Mar 14, 2007 4:39pm
Quoting hazz
since g/j is following stocks market and since dow jones closed positive, i think that if asia and euro stocks trade in a positive trend we may see a nice rally (long) tonight
Hazz,
Is that correct that G/Y is following stocks market .....!
How long has it been doing this ????
Hope your right chap..
Stay lucky Mimas.
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