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Daily GBP/JPY analysis

  • #2,361
  • Apr 3, 2007 9:25am Apr 3, 2007 9:25am
Quoting plicksboy
I'm also short at 233.75
DAMN! I'm in too... 234.75... Pure technical... 4hr indicators are about to blow out my monitor here...
  • #2,362
  • Apr 3, 2007 9:25am Apr 3, 2007 9:25am
Quoting plicksboy
I'm also short at 233.75
no,look at the candle in the daily.All indicates bullish market.
Sorry about my english...
  • #2,363
  • Apr 3, 2007 9:25am Apr 3, 2007 9:25am
Quoting cesarnc
Tricky day..... All set for GJ down, but market at large would lead to GJ up...

We need a strong seller here to push that move down....

Where is that freaking Russian when you need him...
It's also about time for Iran to do something really stupid.
  • #2,364
  • Apr 3, 2007 9:29am Apr 3, 2007 9:29am
Quoting CIORIMAU--
no,look at the candle in the daily.All indicates bullish market.
But we are at the 15th bullish 4h candle already... This bubble has to explode eventually...
  • #2,365
  • Apr 3, 2007 9:31am Apr 3, 2007 9:31am
I closed Long position three hours ago.
just went Long again. seems the trend will continue up.
the new order has 20+ pip now, but things are scary so I have small stoploss
  • #2,366
  • Apr 3, 2007 9:37am Apr 3, 2007 9:37am
Quoting cesarnc
But we are at the 15th bullish 4h candle already... This bubble has to explode eventually...

5 days in a positive direction as well. GJ has only done this one other time this year and never 6 days in a row. At least so far.
  • #2,367
  • Apr 3, 2007 9:41am Apr 3, 2007 9:41am
Quoting yezbick
5 days in a positive direction as well. GJ has only done this one other time this year and never 6 days in a row. At least so far.
Yeah... taking short now is risky business because it is against this super heavy trend... But as there's no follow through above 234.80, it's worth the shot...

My SL at low 235s
  • #2,368
  • Apr 3, 2007 9:42am Apr 3, 2007 9:42am
Just cleared 234.80. Hope it continues to 235.54.
  • #2,369
  • Apr 3, 2007 9:43am Apr 3, 2007 9:43am
I Keep my hopes up and expect reverse at 235.40/80. people still trust on it!
  • #2,370
  • Apr 3, 2007 9:47am Apr 3, 2007 9:47am
Quoting Mother
I Keep my hopes up and expect reverse at 235.40/80. people still trust on it!
yeah... Dow is at super highs, too... Approaching 12,500.

Needing sellers there to inspire sellers here....
  • #2,371
  • Apr 3, 2007 9:55am Apr 3, 2007 9:55am
You guys seeing this FIGHT????
  • #2,372
  • Apr 3, 2007 9:56am Apr 3, 2007 9:56am
Weekly chart. 234.90-235.00 is a very strong resistance.
Attached Image
  • #2,373
  • Apr 3, 2007 9:58am Apr 3, 2007 9:58am
Quoting wep561
It's also about time for Iran to do something really stupid.
Yeah agree... need the Russians to get into the play
  • #2,374
  • Apr 3, 2007 9:58am Apr 3, 2007 9:58am
yes, new barrier appears @ 235, but it looks like it will continue to the daily pivot R3 at 235.28.

A lot of fun to watch, especially when your making $'s.
  • #2,375
  • Apr 3, 2007 10:00am Apr 3, 2007 10:00am
Quoting Mother
I Keep my hopes up and expect reverse at 235.40/80. people still trust on it!
I agree mother. A break of 235, look for resistance at 235.60.
  • #2,376
  • Apr 3, 2007 10:02am Apr 3, 2007 10:02am
B-E-A-U-T-I-F-U-L !!!!!

Never seen a rally that way... Heavy FIGHT at 10:59:59 GMT !!!!!!

Just Beautiful.............
  • #2,377
  • Apr 3, 2007 10:04am Apr 3, 2007 10:04am
heheh...ooo pips!
  • #2,378
  • Apr 3, 2007 10:19am Apr 3, 2007 10:19am
Quoting cesarnc
yeah... Dow is at super highs, too... Approaching 12,500.
so Dow have impact on GJ?. i was making some looking and wondering what is that 12.5k? made me curious.
  • #2,379
  • Apr 3, 2007 10:28am Apr 3, 2007 10:28am
Quoting cesarnc
Yeah... taking short now is risky business because it is against this super heavy trend... But as there's no follow through above 234.80, it's worth the shot. My SL at low 235s
233.12 & 232.45 as targets. We'll see.
Do not focus on making money; focus on protecting what you have.
  • #2,380
  • Apr 3, 2007 10:34am Apr 3, 2007 10:34am
Maybe I am wrong... but... if you are fighting the trend... wouldn't be wise too to set a profit-taking target very tight too?
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