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Daily GBP/JPY analysis

  • #1,541
  • Mar 14, 2007 4:53pm Mar 14, 2007 4:53pm
Tokyo opens high/JPY falls

Tokyo opens low/JPY rises

Is this right? When does Tokyo open? (in relation to EST)
  • #1,542
  • Mar 14, 2007 4:56pm Mar 14, 2007 4:56pm
Quoting HelloDollie
Sami

If I may ask : which setting you do prefer for macd and RSI ?
My apoligies for not getting back to you sooner, I was out most of day.

RSI - 14 MACD 12, 26, 9
All hard work brings a profit, but mere talk leads only to poverty.
  • #1,543
  • Mar 14, 2007 5:04pm Mar 14, 2007 5:04pm
Looks like some downtime may be coming up - GBP also in downtrend - waiting to get in.
All hard work brings a profit, but mere talk leads only to poverty.
  • #1,544
  • Mar 14, 2007 5:16pm Mar 14, 2007 5:16pm
Quoting Sami7
Looks like some downtime may be coming up - GBP also in downtrend - waiting to get in.
Sami7,

I like to see another downtrend again, but I am not sure, yet.
What are you based on for this possibility?
  • #1,545
  • Mar 14, 2007 5:30pm Mar 14, 2007 5:30pm
Quoting trader8686
Sami7,

I like to see another downtrend again, but I am not sure, yet.
What are you based on for this possibility?
And I'm glad I waited - 5m chart looks as if we're going long
(a tl looks to be broken on the upside) MACD lines may be getting ready to cross. Still Waiting....
-------------------
Got in....
All hard work brings a profit, but mere talk leads only to poverty.
  • #1,546
  • Mar 14, 2007 5:40pm Mar 14, 2007 5:40pm
Quoting Sami7
And I'm glad I waited - 5m chart looks as if we're going long
(a tl looks to be broken on the upside) MACD lines may be getting ready to cross. Still Waiting....
-------------------
Got in....
(a tl looks to be broken on the upside) ? Is that 5M chart ?
I sure don't see the TL is broken.
  • #1,547
  • Mar 14, 2007 5:50pm Mar 14, 2007 5:50pm
Quoting trader8686
(a tl looks to be broken on the upside) ? Is that 5M chart ?
I sure don't see the TL is broken.
I drew my trendline from the down movement not from the entire movement, (I have fxsolutions desktop charts (they are not the greatest) - red candle at 16:00hrs to 18:25hrs) does this help? Yes, on the 5 minute chart.
All hard work brings a profit, but mere talk leads only to poverty.
  • #1,548
  • Mar 14, 2007 5:56pm Mar 14, 2007 5:56pm
Hey....I got this one right today. I don't trade it but it looks like a lot of you do.

http://home.comcast.net/~downrivertrader/gbpjpy.PNG
  • #1,549
  • Mar 14, 2007 5:59pm Mar 14, 2007 5:59pm
Here's an update for today. Have fun. I see GBP strength and JY weakness. Is that good for this pair

http://home.comcast.net/~downrivertr...pjpy603-15.PNG
  • #1,550
  • Mar 14, 2007 6:05pm Mar 14, 2007 6:05pm
Quoting DownRiverTrader
Here's an update for today. Have fun. I see GBP strength and JY weakness. Is that good for this pair

http://home.comcast.net/~downrivertr...pjpy603-15.PNG
Hey,
Can any of you post the link to where you see this chart ?
  • #1,551
  • Mar 14, 2007 6:09pm Mar 14, 2007 6:09pm
I've never seen this system before, would you mind briefly explaining it and how the targets are formed?
All hard work brings a profit, but mere talk leads only to poverty.
  • #1,552
  • Mar 14, 2007 6:12pm Mar 14, 2007 6:12pm
Quoting Sami7
I've never seen this system before, would you mind briefly explaining it and how the targets are formed?
Sami7,

I just asked DownRevierTrader, if he can post the link of this system.
  • #1,553
  • Mar 14, 2007 6:15pm Mar 14, 2007 6:15pm
I have a journal in the journal section of FF. It is called The View DownRiver. I do not trade the crossses myself, but I do follow most of them. Someone asked me to take a look at this one today in the journal so I did.

There is information in the journal and I also have a blog that I try to keep up that describes what I do.

DRT
  • #1,554
  • Mar 14, 2007 6:17pm Mar 14, 2007 6:17pm
Quoting trader8686
Sami7,

I just asked DownRevierTrader, if he can post the link of this system.
My apoligies, I meant to do just that. Multitasking.
All hard work brings a profit, but mere talk leads only to poverty.
  • #1,555
  • Mar 14, 2007 6:30pm Mar 14, 2007 6:30pm
Quoting mimas
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.
I've closed my trade +190.
  • #1,556
  • Mar 14, 2007 6:40pm Mar 14, 2007 6:40pm
Quoting jon167
I've closed my trade +190.
Excellent.
All hard work brings a profit, but mere talk leads only to poverty.
  • #1,557
  • Mar 14, 2007 6:40pm Mar 14, 2007 6:40pm
Quoting mimas
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.
yes its true, hear that alot in the last few weeks (started with chinese market) . also in the last Ny session i was following dow jones and g/j, both was working same way step by step.

also i read another analyse tonight saying that g/j should rally a little more if the stocks markets trade positive so im following it . +220 pips now =)
  • #1,558
  • Mar 14, 2007 6:47pm Mar 14, 2007 6:47pm
Time for another retrace?

I see resistance around 22750 area and 30min RSI at 77
  • #1,559
  • Mar 14, 2007 6:52pm Mar 14, 2007 6:52pm
Quoting saa
Time for another retrace?

I see resistance around 22750 area and 30min RSI at 77
RSI 77 ? I don't get it.
  • #1,560
  • Mar 14, 2007 6:53pm Mar 14, 2007 6:53pm
DRT, thanks for your great analysis and who knows you may like to trade this pair too.
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