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Daily GBP/JPY analysis

  • #2,281
  • Apr 2, 2007 9:30pm Apr 2, 2007 9:30pm
hmmmm I heard that they are ready for it ))) I wasn't saying that it will go now, but some time soon i think ... looking at the 4H chat it didn't move anywhere for the last 3 candles, thats what makes me think it stuck at this price.
  • #2,282
  • Apr 2, 2007 9:54pm Apr 2, 2007 9:54pm
this pair has been surprisingly quite for the whole day. hasn't ranged hardly at all. what is the deal? What is it waiting on?
  • #2,283
  • Apr 2, 2007 10:01pm Apr 2, 2007 10:01pm
shorted gj @ 233.02, sl=233.30. tp=231.50
BAM BAM BOOM! -bravado
  • #2,284
  • Apr 2, 2007 10:05pm Apr 2, 2007 10:05pm
Quoting bravado
shorted gj @ 233.02, sl=233.30. tp=231.50
why??
  • #2,285
  • Apr 2, 2007 10:09pm Apr 2, 2007 10:09pm
Quoting bravado
shorted gj @ 233.02, sl=233.30. tp=231.50
why ? if it will go down it will go down more than 150 pips ...
  • #2,286
  • Apr 2, 2007 10:16pm Apr 2, 2007 10:16pm
hmm you're trading against the trend....and now at the time of writing you're 8 pip down without spread. I'd give more allowance on the SL...Its the PoundYen we're talking abt here.
  • #2,287
  • Apr 2, 2007 10:23pm Apr 2, 2007 10:23pm
attack 233.35 again?
  • #2,288
  • Apr 2, 2007 10:27pm Apr 2, 2007 10:27pm
Quoting jest1081
hmm you're trading against the trend....and now at the time of writing you're 8 pip down without spread. I'd give more allowance on the SL...Its the PoundYen we're talking abt here.
got stopped out.

that was quick.
BAM BAM BOOM! -bravado
  • #2,289
  • Apr 2, 2007 10:33pm Apr 2, 2007 10:33pm
if i'm going to be wrong, i am going to be wrong. there is no need to drag it out with big stop losses with this pair.
BAM BAM BOOM! -bravado
  • #2,290
  • Apr 2, 2007 10:36pm Apr 2, 2007 10:36pm
great. jusssssssssssssst great. i'm -28 pips for this week.

i'm going go break my monitor now. i just can't stand this.
BAM BAM BOOM! -bravado
  • #2,291
  • Apr 2, 2007 10:36pm Apr 2, 2007 10:36pm
lol, hope to break 233.35 this time!
  • #2,292
  • Apr 2, 2007 10:37pm Apr 2, 2007 10:37pm
One thing you need to note is GBPJPY average swing is a little more than 70 pips on range if we look from the hourly, for you to take a small SL on the trade would mean that in the long run you will always be caught on the swing even though your analysis is correct. Just my 2pips here. I've been holding to this pair for a little more than 3 days already and it has allowed me to set a wide stop.

Fundamentally i'd buy on dips as gbp leads towards interest rates day. The rest of the news forecasts seems bullish for the pound and this can only trigger further buying.
  • #2,293
  • Apr 2, 2007 10:43pm Apr 2, 2007 10:43pm
Quoting jest1081
One thing you need to note is GBPJPY average swing is a little more than 70 pips on range if we look from the hourly, for you to take a small SL on the trade would mean that in the long run you will always be caught on the swing even though your analysis is correct. Just my 2pips here. I've been holding to this pair for a little more than 3 days already and it has allowed me to set a wide stop.

Fundamentally i'd buy on dips as gbp leads towards interest rates day. The rest of the news forecasts seems bullish for the pound and this can only trigger further buying.
agreed.

as to the direction of the trade, i will keep what you said in mind.
BAM BAM BOOM! -bravado
  • #2,294
  • Apr 2, 2007 10:45pm Apr 2, 2007 10:45pm
taking off now. lets see if this candle is followed by a equal red candle.
  • #2,295
  • Apr 2, 2007 10:47pm Apr 2, 2007 10:47pm
shorted gj @ 233.40

i need my pips back. or i'll be angry all night.
BAM BAM BOOM! -bravado
  • #2,296
  • Apr 2, 2007 10:49pm Apr 2, 2007 10:49pm
I've seen this kind of setups a plenty on the hourly lately...you have an upward breakout...then faded back 100pips then move up again or sometimes move down. So careful...

Ceasar...looks like you won't get your entry at 232.5 here...i was expecting that too, i'd move my stops all e way down to 232.3 just for this retracement cause.
  • #2,297
  • Apr 2, 2007 10:51pm Apr 2, 2007 10:51pm
Quoting bravado
shorted gj @ 233.40

i need my pips back. or i'll be angry all night.

did you not read what the guys wrote to you earlier?
  • #2,298
  • Apr 2, 2007 10:54pm Apr 2, 2007 10:54pm
short on 233.38
  • #2,299
  • Apr 2, 2007 10:56pm Apr 2, 2007 10:56pm
buy at 233.33
stop loss 232.81
t/p 234.33
Sorry about my english...
  • #2,300
  • Apr 2, 2007 10:57pm Apr 2, 2007 10:57pm
are you guys scalping or going for the big pip? what was the short trigger?
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