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Daily GBP/JPY analysis

  • #2,481
  • Apr 3, 2007 7:52pm Apr 3, 2007 7:52pm
looking to short here as soon as this bounce stops. GT'ing all 8)
  • #2,482
  • Apr 3, 2007 7:56pm Apr 3, 2007 7:56pm
Quoting bravado
GBP/*** looking a bearish to me atm. anyone else think so?
5 minutes ago I would have agreed with you bravado. Now I'm not so sure.
  • #2,483
  • Apr 3, 2007 7:57pm Apr 3, 2007 7:57pm
Minefield of buy limits set and ready to rock'n'roll...

No position right now...

Dani the Girl, thanks for the compliment...

The Cat (Avatar) knows what to do in case market decides to get funny on me...

Back by London..
  • #2,484
  • Apr 3, 2007 8:01pm Apr 3, 2007 8:01pm
Looking like a buy/sell/wait opportunity - holding a finger over the mouse ready to click....
All hard work brings a profit, but mere talk leads only to poverty.
  • #2,485
  • Apr 3, 2007 8:15pm Apr 3, 2007 8:15pm
8)))))))))
  • #2,486
  • Apr 3, 2007 8:30pm Apr 3, 2007 8:30pm
Outta this long at B/E. This thing is going to be nothing but chop for awhile.
  • #2,487
  • Apr 3, 2007 8:47pm Apr 3, 2007 8:47pm
This pair has definately been unpredictable. Once you think a trend is established, it goes the other way - just enough to touch your stoploss.



Frank
  • #2,488
  • Apr 3, 2007 8:56pm Apr 3, 2007 8:56pm
that's why old folk says, HIGH RISK HIGH RETURN,
only brave hearts can play, those with heart attack are not advise to go..
  • #2,489
  • Apr 3, 2007 9:01pm Apr 3, 2007 9:01pm
good trading 8)
  • #2,490
  • Apr 3, 2007 9:11pm Apr 3, 2007 9:11pm
long gj @ 234.12
BAM BAM BOOM! -bravado
  • #2,491
  • Apr 3, 2007 9:12pm Apr 3, 2007 9:12pm
Hi Frank,

the trend has been establihed since last week...
anyway. it really all depends on the timeframe you are trading.
The GBPJPY moves alot but they move predictably...unlike its big bro cable.

Yo ceasar! Nice avatar! I would love to see a rampaging cat...trampling the market. I have tightened my Stops just in case, im guessing today shall be the last buy up session before the uncertainty starts tomorrow...and i said guessing.


Quoting frank99
This pair has definately been unpredictable. Once you think a trend is established, it goes the other way - just enough to touch your stoploss.



Frank
  • #2,492
  • Apr 3, 2007 9:33pm Apr 3, 2007 9:33pm
My Indi still tells me it is long yen ,
still holding short GJ at 234.80.
  • #2,493
  • Apr 3, 2007 9:41pm Apr 3, 2007 9:41pm
When does anyone think we will see some movement?
All hard work brings a profit, but mere talk leads only to poverty.
  • #2,494
  • Apr 3, 2007 9:47pm Apr 3, 2007 9:47pm
holding gj long @ 234.12. sl=233.60. tp=235.40.
BAM BAM BOOM! -bravado
  • #2,495
  • Apr 3, 2007 9:56pm Apr 3, 2007 9:56pm
Quoting bravado
holding gj long @ 234.12. sl=233.60. tp=235.40.
Look like now we having a win-win situation...you have few pips...me have fews...

Good Luck and Happy Trading to you all
  • #2,496
  • Apr 3, 2007 10:22pm Apr 3, 2007 10:22pm
Quoting putratrg
Happy Trading to you all
do me a favor and don't use that word on me again.
also i took the liberty of deleting your smiley faces. much improvement.
BAM BAM BOOM! -bravado
  • #2,497
  • Apr 3, 2007 10:33pm Apr 3, 2007 10:33pm
I think Gbp/Jpy has correlation with Nikkei index n also Dowjones. If both Up, it will be up at least above 2.00 PM GMT. n also all pair /Jpy, especially UJ, EJ n GJ.

What about u guys??
  • #2,498
  • Apr 3, 2007 10:42pm Apr 3, 2007 10:42pm
jest1081,

Thanks for the reply. So, the trend is still up? It looked like it
reversed. But, now, it looks like that was just a retracement.


Frank

Quoting jest1081
Hi Frank,

the trend has been establihed since last week...
anyway. it really all depends on the timeframe you are trading.
The GBPJPY moves alot but they move predictably...unlike its big bro cable.

Yo ceasar! Nice avatar! I would love to see a rampaging cat...trampling the market. I have tightened my Stops just in case, im guessing today shall be the last buy up session before the uncertainty starts tomorrow...and i said guessing.
  • #2,499
  • Apr 3, 2007 10:46pm Apr 3, 2007 10:46pm
hehe,

yeah thats right, like i said depends on what timeframe you are trading...if you are doing trades below the 1hr, you'd prolly get a short signal a few hours back and could have bagged over 60 pips in profit.
  • #2,500
  • Apr 3, 2007 10:49pm Apr 3, 2007 10:49pm
or maybe it realy heading south ? mmm not clear but tomorrow will show everything i'm waiting for down movement on H4
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