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Daily GBP/JPY analysis

  • #2,921
  • Apr 9, 2007 9:01pm Apr 9, 2007 9:01pm
Am I the only one buying?
  • #2,922
  • Apr 9, 2007 9:04pm Apr 9, 2007 9:04pm
Myself i think we need a small bounce in yen around the 118.50 as they allow more late longs into the market, before they clip their wings and steal their money as they bail they will add to the dominat orderflow, If it plays out as such
"Millionaires don't use astrology, billionaires do"
  • #2,923
  • Apr 9, 2007 9:04pm Apr 9, 2007 9:04pm
.
Quoting fixme1too
Based on how the Chart formation is now. We really could see 230.30's to 227's...... although 239's are just over ther horizon.... tomorrow will tell for sure anyone who trades this pair and know candle stick formations can see a reversal is imminent this pair trades 200 to 300+ pips per day, for the last 3 days it has not even traded 100pips know your pair and how it's behavior when trading. Price action is the key to everything in forex. There are 1 of 3 postions you can take when trading. Long, Short, or none at all. Its ok not to be in a position at times.. Let the market show it's hand then open your position

Happy Trading.....

FiXmE1ToO
  • #2,924
  • Apr 9, 2007 9:04pm Apr 9, 2007 9:04pm
I guess so i'm still short since 233.91 and set the target price set for 233.20
  • #2,925
  • Apr 9, 2007 9:05pm Apr 9, 2007 9:05pm
Quoting bmwboyee
Am I the only one buying?
I'm a compulsive buyer here

Just throwing some light here

21:55This dollar move lower looks like it could also be related to the China news in regards to the US pushing them on WTO matters.

Looks like USA is to issue a complaint in WTO against China on movie and music piracy. Check bloomberg.com for story.
  • #2,926
  • Apr 9, 2007 9:07pm Apr 9, 2007 9:07pm
so is this like trading d news?? and we shd still look for a downward mvt
  • #2,927
  • Apr 9, 2007 9:07pm Apr 9, 2007 9:07pm
Quoting OrionsWay
this is the cme link
http://www.cme.com/trading/dta/hist/...vailable=false

If you go through the days u will see OI is dropping into the highs friday it rose as market stalled, probabilities would think those were shorts coming to the table in cash as the longs are liquidating in cash, and i would bet that tonight when todays update comes in there is more additions to the short camp cash or long yen futures,
Thanks, your right about that one, good eye.
"Only when the tide goes out will we know who is swimming naked."
  • #2,928
  • Apr 9, 2007 9:08pm Apr 9, 2007 9:08pm
Quoting bmwboyee
Am I the only one buying?
I'm buying also
All hard work brings a profit, but mere talk leads only to poverty.
  • #2,929
  • Apr 9, 2007 9:10pm Apr 9, 2007 9:10pm
I can't believe this piracy thing, what next will it be...
"Only when the tide goes out will we know who is swimming naked."
  • #2,930
  • Apr 9, 2007 9:15pm Apr 9, 2007 9:15pm
Quoting pipped oFF
I can't believe this piracy thing, what next will it be...
This is forex at its finest.

The "subject" is not important, as long as it can be pointed as the "reason".

See you in the next "rumor"

  • #2,931
  • Apr 9, 2007 9:39pm Apr 9, 2007 9:39pm
Hi guys, I'm fairly new here but I follow this thread closely as GBP/JPY is my favorite pair. Question...wtf just happened to the dollar???
  • #2,932
  • Apr 9, 2007 9:40pm Apr 9, 2007 9:40pm
Sheesh! I go out for some wings and come back to...what happened?
Illegitimi Non Carborundum
  • #2,933
  • Apr 9, 2007 9:42pm Apr 9, 2007 9:42pm
Hell if I know, but I'm glad I got out of that EUR/USD short from Thursday.
  • #2,934
  • Apr 9, 2007 9:43pm Apr 9, 2007 9:43pm
Quoting black06
Hi guys, I'm fairly new here but I follow this thread closely as GBP/JPY is my favorite pair. Question...wtf just happened to the dollar???
this has been the trend for the past couple of nights it seems. sell the dollar off during the asian market.
  • #2,935
  • Apr 9, 2007 9:50pm Apr 9, 2007 9:50pm
Quoting black06
Hell if I know, but I'm glad I got out of that EUR/USD short from Thursday.
lucky u, i got stuck with -63 pips at current time ....
  • #2,936
  • Apr 9, 2007 9:57pm Apr 9, 2007 9:57pm
Euro, Yea professional money keeps buying off the 4hr 100 bar ma. Shorts on weakness is a nice play, but this market is being bought, But maybe the actual touch this time is a clue for exhaustion soon.
"Millionaires don't use astrology, billionaires do"
  • #2,937
  • Apr 9, 2007 9:57pm Apr 9, 2007 9:57pm
Quoting cesarnc
This is forex at its finest.

The "subject" is not important, as long as it can be pointed as the "reason".

See you in the next "rumor"

oh that was funny and it's so true.
"Only when the tide goes out will we know who is swimming naked."
  • #2,938
  • Apr 9, 2007 10:01pm Apr 9, 2007 10:01pm
closed out one of my lots i bought at 233.75. was nice for a little run. I ususally don't flip this one but I got lucky this time.
  • #2,939
  • Apr 9, 2007 10:02pm Apr 9, 2007 10:02pm
Quoting black06
Hi guys, I'm fairly new here but I follow this thread closely as GBP/JPY is my favorite pair. Question...wtf just happened to the dollar???
It looks like that the gap which was created on Friday is being filled in.
  • #2,940
  • Apr 9, 2007 10:03pm Apr 9, 2007 10:03pm
Quoting cesarnc
This is forex at its finest.

The "subject" is not important, as long as it can be pointed as the "reason".

See you in the next "rumor"

LOL!
All hard work brings a profit, but mere talk leads only to poverty.
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