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Daily GBP/JPY analysis

  • #2,761
  • Apr 8, 2007 8:11am Apr 8, 2007 8:11am
[ me is to dermine when to exit I'm using brain trading indicators for this pair they look gorgeous on this pair on 4H charts, but this week I was to nervous after my loss last sunday, so i didn't really follow the rules of stop

Hi
I heard about BTI, what is your experience with these indicators
cheers
  • #2,762
  • Apr 8, 2007 9:13am Apr 8, 2007 9:13am
I can say that BT has very good indicators specially for GBPJPY H4, there is almost no fals movements, for me the hardest thing for now is to find proper time to close my traids, and to filter those false signals there is only few of them usually and the trend doesn't go in the opposite direction for a long time so i'm thinking to try to cover this false signals with orders in the opposite direction, I have a chance to try that because i just had a false sell signal on 04.05 at 16:00... and most of this signals happen on sunday or on friday so you can avoid most of them and this one happened I belive because of the eastern ....
  • #2,763
  • Apr 8, 2007 1:44pm Apr 8, 2007 1:44pm
Anyone notice that G/J is trading at 236.77 in the pre-open. High 238.17 ?
It will probably come back to earth before long but if it opens there with U/J and G/U at present levels, I'll sell for sure. Could be a nice gap trade setting up.
  • #2,764
  • Apr 8, 2007 1:52pm Apr 8, 2007 1:52pm
Quoting wep561
Anyone notice that G/J is trading at 236.77 in the pre-open. High 238.17 ?
It will probably come back to earth before long but if it opens there with U/J and G/U at present levels, I'll sell for sure. Could be a nice gap trade setting up.
I just noticed the same I had to clear my eyes a couple of times....
Like wise but I aint sure what the market makers are playing at
  • #2,765
  • Apr 8, 2007 1:57pm Apr 8, 2007 1:57pm
Quoting rav700
I just noticed the same I had to clear my eyes a couple of times....
Like wise but I aint sure what the market makers are playing at
What websites are you seeing this pretrade data on?
  • #2,766
  • Apr 8, 2007 2:06pm Apr 8, 2007 2:06pm
www.xe.com had GJ at around 236.76 & GU at around 1.9850 since soon after Friday close.

Now they are showing back at 234.50 & 1.9652, near enough Friday close prices. This tends to happen most weekends from what I've noticed.

Kind Regards
Steve

Quoting wep561
Anyone notice that G/J is trading at 236.77 in the pre-open. High 238.17 ?
It will probably come back to earth before long but if it opens there with U/J and G/U at present levels, I'll sell for sure. Could be a nice gap trade setting up.
  • #2,767
  • Apr 8, 2007 2:07pm Apr 8, 2007 2:07pm
Quoting yezbick
What websites are you seeing this pretrade data on?
http://www.forex-markets.com/quotes_composite.htm
  • #2,768
  • Apr 8, 2007 2:07pm Apr 8, 2007 2:07pm
indeed...that's strange...never heard of this kind of data.

Quoting yezbick
What websites are you seeing this pretrade data on?
  • #2,769
  • Apr 8, 2007 2:08pm Apr 8, 2007 2:08pm
no way .... i'm short since 233.91
  • #2,770
  • Apr 8, 2007 2:20pm Apr 8, 2007 2:20pm
yes indeed will be instresting will the window come down back to fridays close or continue climing. at least i will sell one of my long ones if it starts turning back. but pritty confident that it will be bullish(in the end). but never know if it braks under friday close i quess its short then.
  • #2,771
  • Apr 8, 2007 2:25pm Apr 8, 2007 2:25pm
Quoting tradeigel
indeed...that's strange...never heard of this kind of data.
Glad that I'm not the guy buying Pound at 238.17 Yen. Probably some tourist at a local street corner currency exchange in London.
  • #2,772
  • Apr 8, 2007 2:35pm Apr 8, 2007 2:35pm
U make me nervous guys .... now I can't wait when the time when market will open...
  • #2,773
  • Apr 8, 2007 2:49pm Apr 8, 2007 2:49pm
Quoting Vitaliy
U make me nervous guys .... now I can't wait when the time when market will open...
HaHa, I'd be nervous too if I were short at 233.91. BOJ interest rate statement tomorrow is a 99% no change. Long carry traders love that kind of stuff.
  • #2,774
  • Apr 8, 2007 3:17pm Apr 8, 2007 3:17pm
Quoting Vitaliy
I can say that BT has very good indicators specially for GBPJPY H4, there is almost no fals movements, for me the hardest thing for now is to find proper time to close my traids, and to filter those false signals there is only few of them usually and the trend doesn't go in the opposite direction for a long time so i'm thinking to try to cover this false signals with orders in the opposite direction, I have a chance to try that because i just had a false sell signal on 04.05 at 16:00... and most of this signals happen on sunday or on friday so you can avoid most of them and this one happened I belive because of the eastern ....
hi ..vitality..
excuse me
could you tell me about BT indicator, please?

thanks
  • #2,775
  • Apr 8, 2007 3:21pm Apr 8, 2007 3:21pm
well i guess i will have to double and go long .....
  • #2,776
  • Apr 8, 2007 4:03pm Apr 8, 2007 4:03pm
seems there didint come window this time. so let see
  • #2,777
  • Apr 8, 2007 4:07pm Apr 8, 2007 4:07pm
looks bearish.

too much spread to enter position.
BAM BAM BOOM! -bravado
  • #2,778
  • Apr 8, 2007 4:18pm Apr 8, 2007 4:18pm
Quoting bravado
looks bearish.

too much spread to enter position.
its bouncing off the 61.8 fib from 241.55->221.06.
possibly heading to 235.70.
BAM BAM BOOM! -bravado
  • #2,779
  • Apr 8, 2007 4:32pm Apr 8, 2007 4:32pm
Quoting bravado
its bouncing off the 61.8 fib from 241.55->221.06.
possibly heading to 235.70.
237.00 imo.
Tra-X
  • #2,780
  • Apr 8, 2007 4:40pm Apr 8, 2007 4:40pm
maybe no ? i don't like having 2 orders in different directions ........

P.S. somebody pull the price down for a few min plz
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