Daily GBP/JPY analysis | Page 95 | 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

  • #1,881
  • Mar 19, 2007 7:01am Mar 19, 2007 7:01am
Its almost a confirmed downtrend on monthly chart.
Attached Image
  • #1,882
  • Edited 9:27am Mar 19, 2007 9:23am | Edited 9:27am
This baby need a rest,
so do i
Attached Image
in
  • #1,883
  • Mar 19, 2007 9:33am Mar 19, 2007 9:33am
If we do move up from 228.50 area, then keep you eye on the 229.35 level. I would cover all longs on a push into this area.

Quoting DownRiverTrader
Our next directional move in this cross will come from resolution of the 225.88/227.04 area.

In Friday's analysis, I recommended that traders establish longs on a push through River in front of 225.88. The market gave you the opportunity to establish longs.

If you are long, stay long with your risk well below 225.88. I continue to look for a move back above River at 227.04, then to 229.35/230.03 and up to 233.

A significant close below 225.88 would cancel my upside view in the short term.

Remember to review the price distribution analysis for this pair located her in the forum to get a better view of overall value.


NEUTRAL UNTIL RIVER IS RESOLVED AT 227.04

http://www.theviewdownriver.com/pics...y3-19-2007.PNG
  • #1,884
  • Mar 19, 2007 9:34am Mar 19, 2007 9:34am
What is that indicator to start with.

In my eyes we are preparing for a big down. It may extend towards 229.36 now. Or further to 231.30~ however it looks like there is nothing left. I would expect a move down tomorrow. Just hope im awake for the beginning of it.
  • #1,885
  • Mar 19, 2007 9:41am Mar 19, 2007 9:41am
Quoting DownRiverTrader
If we do move up from 228.50 area, then keep you eye on the 229.35 level. I would cover all longs on a push into this area.
Thanks for the analysis.
All hard work brings a profit, but mere talk leads only to poverty.
  • #1,886
  • Mar 19, 2007 9:52am Mar 19, 2007 9:52am
Quoting Takisd
What is that indicator to start with.

In my eyes we are preparing for a big down. It may extend towards 229.36 now. Or further to 231.30~ however it looks like there is nothing left. I would expect a move down tomorrow. Just hope im awake for the beginning of it.
I am with you.
  • #1,887
  • Mar 19, 2007 10:00am Mar 19, 2007 10:00am
Quoting DownRiverTrader
If we do move up from 228.50 area, then keep you eye on the 229.35 level. I would cover all longs on a push into this area.
DownRiverTrader,

Do you have a website to explain your daily chart (DRT chart) ?
I'd like to read it. Just in order to learn.
  • #1,888
  • Mar 19, 2007 10:09am Mar 19, 2007 10:09am
I have a blog site that helps explain everything. I do not use indicators. I am a value trader.

Try this link
  • #1,889
  • Mar 19, 2007 11:09am Mar 19, 2007 11:09am
It's time to decide for GBP/JPY whether it'll fly high in the sky or dive deep into the ocean. The completion of 2 overlapping diagonal triangles possible (wave 5 ending diagonal?). Let's see.
Tra-X
  • #1,890
  • Mar 19, 2007 11:20am Mar 19, 2007 11:20am
Does Japan announce their interest rate decision tonight?
  • #1,891
  • Edited 11:52am Mar 19, 2007 11:42am | Edited 11:52am
I don't normally do this, but today I'd like the opportunity to make a complete ass of myself, or come across as a fairly sharp guy. I've been working hard for a while now to do away with having any desire to predict future events. This way, when I place a trade based on something that's occurring (in real time) I feel -OK- when I'm wrong. However, if I think I see something occurring (predictive) and I place a trade... well, then I feel like sh*t when I'm wrong. But every once in a while, it's fun to imagine that one has some omniscient power. Besides, it seems like everyone on this thread is spewing predictions left and right... so I will too (just this oncehttp://www.forexfactory.com/images/icons/icon10.gif).

SHORT YOUR POUND!!!

We know exactly what the Japs are looking to do with their rate.... they've flat out told us a while back. It seems pretty logical to me... although I've been wrong before.

Trade at your own ri..... do I even need that disclaimer in this case?
  • #1,892
  • Mar 19, 2007 12:14pm Mar 19, 2007 12:14pm
To put my (demo) money where my mouth is, I just sold 1 standard lot with a stop loss of 100 pips... which is obviously nothing for this pair. This is an extremely risky move, however, I was able to generate 300% in the last 30 days... so this would be giving 1/3 of those earnings back if I'm wrong. Yes, I am completely violating my money management rules and my methodology, but this is obviously not something I would attempt in a real live account. Let's see what happens.

For added kicks, I will not even think about closing the trade until the London session - if I hadn't already been taken out yet by the SL.
  • #1,893
  • Mar 19, 2007 12:28pm Mar 19, 2007 12:28pm
Quoting mr.marketz
I don't normally do this, but today I'd like the opportunity to make a complete ass of myself, or come across as a fairly sharp guy. I've been working hard for a while now to do away with having any desire to predict future events. This way, when I place a trade based on something that's occurring (in real time) I feel -OK- when I'm wrong. However, if I think I see something occurring (predictive) and I place a trade... well, then I feel like sh*t when I'm wrong. But every once in a while, it's fun to imagine that one has some omniscient power. Besides, it seems like everyone on this thread is spewing predictions left and right... so I will too (just this oncehttp://www.forexfactory.com/images/icons/icon10.gif).

SHORT YOUR POUND!!!

We know exactly what the Japs are looking to do with their rate.... they've flat out told us a while back. It seems pretty logical to me... although I've been wrong before.

Trade at your own ri..... do I even need that disclaimer in this case?
I am not saying that I disagree with what you are saying, actually right now I am in limbo about this pair. I would be interested, however, in knowing what your thinking is here. Why short the pound right now? Are you thinking of just shorting GJ or of shorting cable also?

Just interested. Thank you.
  • #1,894
  • Mar 19, 2007 12:34pm Mar 19, 2007 12:34pm
Quoting mr.marketz
I don't normally do this, but today I'd like the opportunity to make a complete ass of myself, or come across as a fairly sharp guy. I've been working hard for a while now to do away with having any desire to predict future events. This way, when I place a trade based on something that's occurring (in real time) I feel -OK- when I'm wrong. However, if I think I see something occurring (predictive) and I place a trade... well, then I feel like sh*t when I'm wrong. But every once in a while, it's fun to imagine that one has some omniscient power. Besides, it seems like everyone on this thread is spewing predictions left and right... so I will too (just this oncehttp://www.forexfactory.com/images/icons/icon10.gif).

SHORT YOUR POUND!!!

We know exactly what the Japs are looking to do with their rate.... they've flat out told us a while back. It seems pretty logical to me... although I've been wrong before.

Trade at your own ri..... do I even need that disclaimer in this case?
Dear,
short for what target?? please
  • #1,895
  • Mar 19, 2007 12:41pm Mar 19, 2007 12:41pm
Quoting moonchild
I am not saying that I disagree with what you are saying, actually right now I am in limbo about this pair. I would be interested, however, in knowing what your thinking is here. Why short the pound right now? Are you thinking of just shorting GJ or of shorting cable also?

Just interested. Thank you.
Moonchild, before I get into an explanation i want to reiterate that this is all speculative... and if this were live money for me, I would be much more cautious. I just started dabbling with this pair a month ago... I'm still learning the way it breathes. having said that, we know that the BOJ has been talking rate increases (getting us warmed up). So far they gave us a little bump, and I for one feel that they're ready to give us another one.

Here's where it gets interesting - CHINA. Because of the added tension of rate increases the 'carries' are super nervous. The reason I say this is based in part on how this pair reacted to the episode with China a few weeks back. Psychologically it tells me that the crowd is 'hypersensitive' right now, with itchy trigger fingers. So, another .25% should send this pair falling fast.

What do you think? Am I missing an element or two, you are way more familiar with this pair than I am.
  • #1,896
  • Mar 19, 2007 12:47pm Mar 19, 2007 12:47pm
Quoting khaled22
Dear,
short for what target?? please

Khaled,

You are making me very nervous right now. My post is not a trading recommendation. I ask you kindly to re-read it carefully. It's no different than anyone else making assessments of their market perceptions.

I feel bad when I'm reckless with my money in the market place, I would feel really, really, really bad if you were reckless with yours based on misinterpreting something I said.
  • #1,897
  • Mar 19, 2007 12:56pm Mar 19, 2007 12:56pm
Quoting mr.marketz
Khaled,

You are making me very nervous right now. My post is not a trading recommendation. I ask you kindly to re-read it carefully. It's no different than anyone else making assessments of their market perceptions.

I feel bad when I'm reckless with my money in the market place, I would feel really, really, really bad if you were reckless with yours based on misinterpreting something I said.
sorry,
yes i know that it isn't recommendation, but i don't understand you that you think it will be go up or down?

thanks
  • #1,898
  • Mar 19, 2007 12:56pm Mar 19, 2007 12:56pm
So, your analysis is based on the "fact" that BOJ will rise the rate by 0.25%?? Why you are that sure about that? I am not that sure at this moment


Thanks


Quoting mr.marketz
Moonchild, before I get into an explanation i want to reiterate that this is all speculative... and if this were live money for me, I would be much more cautious. I just started dabbling with this pair a month ago... I'm still learning the way it breathes. having said that, we know that the BOJ has been talking rate increases (getting us warmed up). So far they gave us a little bump, and I for one feel that they're ready to give us another one.

Here's where it gets interesting - CHINA. Because of the added tension of rate increases the 'carries' are super nervous. The reason I say this is based in part on how this pair reacted to the episode with China a few weeks back. Psychologically it tells me that the crowd is 'hypersensitive' right now, with itchy trigger fingers. So, another .25% should send this pair falling fast.

What do you think? Am I missing an element or two, you are way more familiar with this pair than I am.
  • #1,899
  • Mar 19, 2007 12:59pm Mar 19, 2007 12:59pm
Quoting khaled22
sorry,
yes i know that it isn't recommendation, but i don't understand you that you think it will be go up or down?

thanks

If the rates go up, theoretically this pair should drop.

BTW, I was thinking that a rate increase was going to be announced today (hunch). This article seems to think otherwise... it's just a guessing game. That's why it's more profitable to take action after an action occurs

Article link:
http://www.forexfactory.com/showthread.php?t=21981
  • #1,900
  • Mar 19, 2007 1:01pm Mar 19, 2007 1:01pm
Quoting Nacho_1975
So, your analysis is based on the "fact" that BOJ will rise the rate by 0.25%?? Why you are that sure about that? I am not that sure at this moment


Thanks
Nacho, speculative - not fact.
5 traders viewing now