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Daily GBP/JPY analysis

  • #2,081
  • Mar 25, 2007 4:23pm Mar 25, 2007 4:23pm
The YEN mostly going to strength as earthquake gonna put japan market down triggering uncarry.Also 15 british sailors matter and IRAN weekend resolution should help yen cross as gbp should take little loss and triggering "russian petro gambler" cut their short yen.Another help for yen should provide from A/J whos have been overbought and later NZD data if weak night data!Let see...
  • #2,082
  • Mar 25, 2007 5:15pm Mar 25, 2007 5:15pm
Locked in 45 pips already. Looking for further movement down.
All hard work brings a profit, but mere talk leads only to poverty.
  • #2,083
  • Mar 25, 2007 7:56pm Mar 25, 2007 7:56pm
Let's reveiw where we are with this pair. We originally established longs way down at 225.88 Zone -2 Level and remained long up to the 229.35 Level capturing the entire Zone in profit. We then waited for resolution of this level and re-established longs on the pullback to the 229.35 level with our target being the 234.11 Transition area. We have remained long ever since and on Friday we closed at 231.70. We have been fortunate to capture substantial profit in this pair since we began tracking it with River Theory.

I have update the Price Distribution Analysis for this pair and it shows us that we are at the upper end of a fairly unbalanced curve, but have the potential for much higher levels. Please review this in the PDA thread here.


So what is our theme for the beginning of this week?

Those who established longs with us at 229.35 should continue to remain long. Our target continues to be 234.11 where longs should exit and take profit and wait for resolution of this level. Risk on the trade should be below River at 228.74.

If you are not comfortable with this recommendation, you could take profit and stand aside since we have a generous profit in the trade. I do not recommend doing this however.


SHORT TERM BULLISH WHILE ABOVE RIVER AT 228.74

http://www.theviewdownriver.com/pics...y3-26-2007.PNG
  • #2,084
  • Mar 26, 2007 8:05am Mar 26, 2007 8:05am
where's everybody? Like this thread...

I've seen comments about Yen up during the week due to repatriation. How do you guys read that since GBP up sentiment is also around?

Choppy or super volatile week for GJ?
  • #2,085
  • Mar 26, 2007 8:59am Mar 26, 2007 8:59am
cesarnc everybody is unhappy due to the SL kick out
  • #2,086
  • Mar 26, 2007 9:46am Mar 26, 2007 9:46am
Quoting cesarnc
where's everybody? Like this thread...

I've seen comments about Yen up during the week due to repatriation. How do you guys read that since GBP up sentiment is also around?

Choppy or super volatile week for GJ?

Hi Cesarnc,
Came out on Friday evening with a small loss as it did not look good for short, and did not want to risk gapping over weekend.
Have just gone long on this pair at 23230, 20pips down at the moment but have the 100 SL to take care of that.
Stay Lucky Mimas.
  • #2,087
  • Mar 26, 2007 11:19am Mar 26, 2007 11:19am
hey cesar,

well, i have been out of trading for almost a month, but i have kept up with the threads from time to time. i have done some demo trading with DRT and his river system, and i have had 3 winners and one loser. i have used my charts and his projections and have done well. added about 1,000 to my demo account on 2 lots. that is awesome in my book. i think he has a good system, i haven't a clue what "the river" is, maybe something to do witht the river that the ferengi from star trek fame believe in, but if it works and i make gold pressed latinum, who cares and i will not argue!!! anyway, with tha bad housing numbers today and the sub-prime problem, all the talking heads are saying the dollar is heading down, so we may yet see 2 on the gpb/usd in the very near future. should be good for this pair, maybe 240. very nice payday on the long side!! time to make some cash. any others thoughts from you?? how about anyone else???
  • #2,088
  • Mar 26, 2007 12:59pm Mar 26, 2007 12:59pm
Quoting mtrmth
hey cesar,

well, i have been out of trading for almost a month, but i have kept up with the threads from time to time. i have done some demo trading with DRT and his river system, and i have had 3 winners and one loser. i have used my charts and his projections and have done well. added about 1,000 to my demo account on 2 lots. that is awesome in my book. i think he has a good system, i haven't a clue what "the river" is, maybe something to do witht the river that the ferengi from star trek fame believe in, but if it works and i make gold pressed latinum, who cares and i will not argue!!! anyway, with tha bad housing numbers today and the sub-prime problem, all the talking heads are saying the dollar is heading down, so we may yet see 2 on the gpb/usd in the very near future. should be good for this pair, maybe 240. very nice payday on the long side!! time to make some cash. any others thoughts from you?? how about anyone else???
232.32 is high on Friday. Just breached. Jumpping in with 100 SL, tiny lots... Damn choppy market drives me crazy, but I've seen GJ moving very very slowly for SEVERAL HOURS 10 pips/15M candle. Like the devil in disguise..

GBP is biased up across the board, too...

Quoting mimas
Hi Cesarnc,
Came out on Friday evening with a small loss as it did not look good for short, and did not want to risk gapping over weekend.
Have just gone long on this pair at 23230, 20pips down at the moment but have the 100 SL to take care of that.
Stay Lucky Mimas.
Thanks
  • #2,089
  • Mar 26, 2007 6:36pm Mar 26, 2007 6:36pm
No words enough to thank you guys.... GJ saved my day (at last 1hr candle of the day (GMT)
  • #2,090
  • Mar 26, 2007 7:41pm Mar 26, 2007 7:41pm
Does anyone see the pair going down overnight. 4 hour looking overbought. Or are my tired eyes seeing things?
All hard work brings a profit, but mere talk leads only to poverty.
  • #2,091
  • Mar 26, 2007 7:53pm Mar 26, 2007 7:53pm
Quoting Sami7
Does anyone see the pair going down overnight. 4 hour looking overbought. Or are my tired eyes seeing things?
My indicator alarms just rang out for a sell period.

It's 3:45 GMT and from a purely technical exam, all the time periods are lined up for a short run. Loooks like we may have a little short term bounce up in the next 30-45 mins, after that I'm thinking we'll see a down trend for a few hours anyways. Hope it is a good one.
  • #2,092
  • Mar 26, 2007 7:59pm Mar 26, 2007 7:59pm
Quoting Spudfyre
My indicator alarms just rang out for a sell period.

It's 3:45 GMT and from a purely technical exam, all the time periods are lined up for a short run. Loooks like we may have a little short term bounce up in the next 30-45 mins, after that I'm thinking we'll see a down trend for a few hours anyways. Hope it is a good one.
The day chart also looks very overbought so this could be a significant downward movement.
  • #2,093
  • Mar 26, 2007 8:14pm Mar 26, 2007 8:14pm
Yep, my thoughts as well. Thanks for the second set of eyes
All hard work brings a profit, but mere talk leads only to poverty.
  • #2,094
  • Mar 26, 2007 8:57pm Mar 26, 2007 8:57pm
short @71..........I am looking for 100 pips + for this trade
  • #2,095
  • Mar 26, 2007 9:05pm Mar 26, 2007 9:05pm
Could be a bumpy ride the next little bit. I'm watching for it to break through the 232.35 level on the way down with everything still in a sell indication when it does break to be fully comfortable with a good down motion.
  • #2,096
  • Mar 26, 2007 9:16pm Mar 26, 2007 9:16pm
Why down? Everything is poitning up? Gotta ride the train for a few days.
There's always money in the banana stand.
  • #2,097
  • Mar 26, 2007 9:18pm Mar 26, 2007 9:18pm
Quoting Spudfyre
Could be a bumpy ride the next little bit. I'm watching for it to break through the 232.35 level on the way down with everything still in a sell indication when it does break to be fully comfortable with a good down motion.
I have a good sell indication........but am getting a bit hesitant now.........help
  • #2,098
  • Mar 26, 2007 9:20pm Mar 26, 2007 9:20pm
Quoting LizardGizzard
Why down? Everything is poitning up? Gotta ride the train for a few days.
Exactly! I would like to know why and where do you guys see sell indication other then RSI which still has some potential to ride a bit long before coming down again... Am i missing something here
  • #2,099
  • Mar 26, 2007 9:30pm Mar 26, 2007 9:30pm
i will wait for it to break above 233.00. so far, im getting uptrend indication.
Forex is my business
  • #2,100
  • Mar 26, 2007 9:32pm Mar 26, 2007 9:32pm
I see gbp/jpy reversing about 233.50-233.80.

kingmaker
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