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Daily GBP/JPY analysis

  • #2,561
  • Apr 4, 2007 7:55am Apr 4, 2007 7:55am
Got into a long around 12:30 am so sticking with it. I think we will eventually head up to see at least 235.00.
All hard work brings a profit, but mere talk leads only to poverty.
  • #2,562
  • Apr 4, 2007 7:55am Apr 4, 2007 7:55am
Doesn't seem to be much of an appetite for the GBP so far today. My guess is that a possible UK rate hike has already been somewhat priced in with the recent uptrend. Looks like a choppy market until the announcement tomorrow.
  • #2,563
  • Apr 4, 2007 8:11am Apr 4, 2007 8:11am
AHMADINEJAD on the wires... that's what is causing the quick carry unwinding. Nervosism. I don't blame the market
  • #2,564
  • Apr 4, 2007 8:15am Apr 4, 2007 8:15am
Quoting cesarnc
AHMADINEJAD on the wires... that's what is causing the quick carry unwinding. Nervosism. I don't blame the market
09:14 IRAN PRESIDENT SAYS IRAN WILL FREE 15 BRITONS AS A "GIFT" TO BRITAIN
  • #2,565
  • Apr 4, 2007 8:22am Apr 4, 2007 8:22am
Quoting forexnovice
SL hit -40 pips
my target didn't reach either, came back to find gj has sank. exited with whooping +10 pips.

i'm going to have to see a clear break through of 234.70 before i can reconsider long again.
BAM BAM BOOM! -bravado
  • #2,566
  • Apr 4, 2007 8:26am Apr 4, 2007 8:26am
Quoting cesarnc
09:14 IRAN PRESIDENT SAYS IRAN WILL FREE 15 BRITONS AS A "GIFT" TO BRITAIN


Great News!! Not so sure about the GIFT part.
All hard work brings a profit, but mere talk leads only to poverty.
  • #2,567
  • Apr 4, 2007 8:28am Apr 4, 2007 8:28am
Quoting Sami7
Great News!! Not so sure about the GIFT part.
Wow... this is guy is so nice, isn't he? Now What? Back to the NUCLEAR AGENDA?
  • #2,568
  • Apr 4, 2007 8:32am Apr 4, 2007 8:32am
Quoting cesarnc
Wow... this is guy is so nice, isn't he? Now What? Back to the NUCLEAR AGENDA?
Off the thread here, I don't think they want to admit they made a mistake....GIFT wow, I guess, that covers all kinds of errors.

More below - apoligizing to those folks who think this shouldn't be posted.

TEHRAN, Iran - Iranian President Mahmoud Ahmadinejad announced Wednesday that his government would release the detained 15 British sailors and marines as a gift to the British people.
He pardoned the sailors and announced their release minutes after he gave medals of honor to the Iranian coast guards who intercepted the sailors and marines, saying Iran will never accept trespassing of its territorial waters.
"On behalf of the great Iranian people, I want to thank the Iranian Coast Guard who courageously defended and captured those who violated their territorial waters, the president told a press conference.
He then interrupted his speech and pinned medals on the chests of three Coast Guard officers involved in capturing the British sailors and marines in the northern Gulf on March 23.
"We are sorry that British troops remain in Iraq and their sailors are being arrested in Iran," Ahmadinejad said. He criticized Britain for deploying Leading Seaman Faye Turney, one of the 15 detainees, in the Gulf, pointing out that she is a woman with a child.
"How can you justify seeing a mother away from her home, her children? Why don't they respect family values in the West?" he asked of the British government.
Ahmadinejad regularly rails against the West, and the crisis has developed at a time when Iran is also embroiled in a row over its nuclear ambitions. The West says Iran wants atomic bombs but Tehran denies this.
All hard work brings a profit, but mere talk leads only to poverty.
  • #2,569
  • Apr 4, 2007 8:43am Apr 4, 2007 8:43am
Quoting cesarnc
Wow... this is guy is so nice, isn't he? Now What? Back to the NUCLEAR AGENDA?
that guy is a douchebag.
BAM BAM BOOM! -bravado
  • #2,570
  • Apr 4, 2007 8:45am Apr 4, 2007 8:45am
Quoting Why Oh Why
Still short. The other 7 lots now banked at profit. SL and TP unchanged. Exit will now be within 24 hours.
192 pips short banked over the last 24 hours GBPJPY. Started with 10 lots unchanged SL and TP at 235.37 and 233.12 respectively. Entry yesterday 234.93 currently showing 234.35.
Do not focus on making money; focus on protecting what you have.
  • #2,571
  • Apr 4, 2007 9:08am Apr 4, 2007 9:08am
Quoting Why Oh Why
192 pips short banked over the last 24 hours GBPJPY. Started with 10 lots unchanged SL and TP at 235.37 and 233.12 respectively. Entry yesterday 234.93 currently showing 234.35.
Or anybody else? BMW you went in about the same time on the trade I refer to above.
Do not focus on making money; focus on protecting what you have.
  • #2,572
  • Apr 4, 2007 9:12am Apr 4, 2007 9:12am
Quoting Why Oh Why
192 pips short banked over the last 24 hours GBPJPY. Started with 10 lots unchanged SL and TP at 235.37 and 233.12 respectively. Entry yesterday 234.93 currently showing 234.35.
Way to go... managing a high profit out of a confusing market demands, above of all, A LOT of patience...
  • #2,573
  • Apr 4, 2007 9:15am Apr 4, 2007 9:15am
Quoting cesarnc
Way to go... managing a high profit out of a confusing market demands, above of all, A LOT of patience...
And you were short or certainly considering it around the time I entered. Did you bag any in the end?
Do not focus on making money; focus on protecting what you have.
  • #2,574
  • Apr 4, 2007 9:22am Apr 4, 2007 9:22am
Quoting Why Oh Why
192 pips short banked over the last 24 hours GBPJPY. Started with 10 lots unchanged SL and TP at 235.37 and 233.12 respectively. Entry yesterday 234.93 currently showing 234.35.
you wanna clarify what you mean by 'pips'? cuz i dont see 192 on my chart
  • #2,575
  • Apr 4, 2007 9:36am Apr 4, 2007 9:36am
Quoting karma729
you wanna clarify what you mean by 'pips'? cuz i dont see 192 on my chart
Locked in 192 by exiting on 7 over the last 24 hours since entry. Noted exits and profit on each occasion in this thread over that period. Sorry if it wasn't clear. I sometimes forget we're all at different knowledge levels here. I am getting on a bit now, you know. Sir, good luck.
Do not focus on making money; focus on protecting what you have.
  • #2,576
  • Apr 4, 2007 9:37am Apr 4, 2007 9:37am
i took my pips a little too early. i got out with 80 pips.
  • #2,577
  • Apr 4, 2007 9:38am Apr 4, 2007 9:38am
Quoting Why Oh Why
192 pips short banked over the last 24 hours GBPJPY. Started with 10 lots unchanged SL and TP at 235.37 and 233.12 respectively. Entry yesterday 234.93 currently showing 234.35.
What is it you don't understand then?
Do not focus on making money; focus on protecting what you have.
  • #2,578
  • Apr 4, 2007 9:39am Apr 4, 2007 9:39am
Quoting bmwboyee
i took my pips a little too early. i got out with 80 pips.
Good on you Boyo.
Do not focus on making money; focus on protecting what you have.
  • #2,579
  • Apr 4, 2007 9:50am Apr 4, 2007 9:50am
Quoting Why Oh Why
And you were short or certainly considering it around the time I entered. Did you bag any in the end?
50
  • #2,580
  • Apr 4, 2007 9:53am Apr 4, 2007 9:53am
Quoting cesarnc
50
Worthwhile.
Do not focus on making money; focus on protecting what you have.
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