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Daily GBP/JPY analysis

  • #3,081
  • Apr 12, 2007 8:24am Apr 12, 2007 8:24am
Quoting bmwboyee
I know my swap for this pair is crazy high on a short! I have FXDD with a mini account and per lot = $80 or $90. Is that not high?
man that is high...I trade with fxdd to but I never tried shorting it until recent and even now I dont carry it over only when I long but man Id be happy if I get half of that on a long...I get ony $25 per lot...is that the industry standard?
  • #3,082
  • Apr 12, 2007 8:29am Apr 12, 2007 8:29am
Quoting khmr
man that is high...I trade with fxdd to but I never tried shorting it until recent and even now I dont carry it over only when I long but man Id be happy if I get half of that on a long...I get ony $25 per lot...is that the industry standard?
was it just because i carried it on a wednesday. but per pip = $10 on my account.
  • #3,083
  • Apr 12, 2007 9:53am Apr 12, 2007 9:53am
8:30am USDPPI m/m http://www.forexfactory.com/images/m...mpact_high.gif 0.7% 1.3%
8:30am USDCore PPI m/m http://www.forexfactory.com/images/m...act_medium.gif 0.2% 0.4%
8:30am USDTrade Balance http://www.forexfactory.com/images/m...mpact_high.gif -60.2B -59.1B
8:30am CADTrade Balance http://www.forexfactory.com/images/m...mpact_high.gif 6.1B 6.4B

How will this affect the pair?
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,084
  • Apr 12, 2007 9:58am Apr 12, 2007 9:58am
Quoting Sami7
8:30am USDPPI m/m http://www.forexfactory.com/images/m...mpact_high.gif 0.7% 1.3%
8:30am USDCore PPI m/m http://www.forexfactory.com/images/m...act_medium.gif 0.2% 0.4%
8:30am USDTrade Balance http://www.forexfactory.com/images/m...mpact_high.gif -60.2B -59.1B
8:30am CADTrade Balance http://www.forexfactory.com/images/m...mpact_high.gif 6.1B 6.4B

How will this affect the pair?

It will have a direct effect on the geppy. remember gbp/usd x usd/jpy = gbp/jpy
  • #3,085
  • Apr 12, 2007 10:01am Apr 12, 2007 10:01am
Quoting bmwboyee
It will have a direct effect on the geppy. remember gbp/usd x usd/jpy = gbp/jpy
Let me try that question again, with the indicators shown, and if they stay the same numbers (IF's abound here) looks like a real choppy mess. Am I correct?
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,086
  • Apr 12, 2007 10:07am Apr 12, 2007 10:07am
Quoting Sami7
Let me try that question again, with the indicators shown, and if they stay the same numbers (IF's abound here) looks like a real choppy mess. Am I correct?
of course it will be a mess tomorrow. I am willing to bet that the numbers will not hit the targets spot on.
  • #3,087
  • Apr 12, 2007 10:14am Apr 12, 2007 10:14am
TRADING ALERT: Mouteki Signal Trigger
FREE ALERT PROVIDED BY http://www.4xwatch.com

Summary

Trendline point 1: low at 2007.04.12 00:00 (235.43)

Trendline point 2: low at 2007.04.10 00:00 (233.64)

First candle below line: 235.19 - 2007.04.12 16:00

Projected profit: 233.90

Details:

1. Lower trendline was drawn by the indicator between the low of the bar at 2007.04.12 00:00( price level of 235.43) and the low of the bar at 2007.04.10 00:00( price level of 233.64)
2. The indicator has detected a qualified breach of that trendline by a candle (bar) opening at a price of 235.19, below the trendline at 2007.04.12 16:00, after a cross of the trendline by a previous candle (bar).
3. In accordance with the Mouteki rules (http://www.forexfactory.com/forexfor...ad.php?t=8464), that is a signal for a possible short entry.


Target projections:

1. Distance from trendline to the highest point was calculated based on the high of the bar on 2007.04.11 12:00 at a price level of 236.27.
2. That distance was found to be 1.29.
3. This gives us a projected takeprofit level at 233.90 (that being a distance of 1.29 from the opening of the qualifying candle at 235.19).




Please note that this indicator is in its Beta stage and is being continually improved.

Please view our terms and conditions regarding these alerts at http://www.4xwatch.com/index.php?opt...d=38&Itemid=45



Alert reference: Alert # DM3.1.3.G-GBPJPY-2402007.04.12 16:00
  • #3,088
  • Apr 12, 2007 10:15am Apr 12, 2007 10:15am
TRADING ALERT: Mouteki Signal Trigger
FREE ALERT PROVIDED BY http://www.4xwatch.com

Summary

Trendline point 1: low at 2007.04.11 00:00 (118.86)

Trendline point 2: low at 2007.04.10 00:00 (118.75)

First candle below line: 118.99 - 2007.04.12 16:00

Projected profit: 118.39

Details:

1. Lower trendline was drawn by the indicator between the low of the bar at 2007.04.11 00:00( price level of 118.86) and the low of the bar at 2007.04.10 00:00( price level of 118.75)
2. The indicator has detected a qualified breach of that trendline by a candle (bar) opening at a price of 118.99, below the trendline at 2007.04.12 16:00, after a cross of the trendline by a previous candle (bar).
3. In accordance with the Mouteki rules (http://www.forexfactory.com/forexfor...ad.php?t=8464), that is a signal for a possible short entry.


Target projections:

1. Distance from trendline to the highest point was calculated based on the high of the bar on 2007.04.11 16:00 at a price level of 119.53.
2. That distance was found to be 0.60.
3. This gives us a projected takeprofit level at 118.39 (that being a distance of 0.60 from the opening of the qualifying candle at 118.99).




Please note that this indicator is in its Beta stage and is being continually improved.

Please view our terms and conditions regarding these alerts at http://www.4xwatch.com/index.php?opt...d=38&Itemid=45



Alert reference: Alert # DM3.1.3.G-USDJPY-2402007.04.12 16:00
  • #3,089
  • Apr 12, 2007 10:18am Apr 12, 2007 10:18am
This is absolutely key to anyone intending to trade in the upcoming hours/days

All eyes are on the [USD INDEX] as levels approach the 2006 low (05 Dec) and very strong technical support at 82.24.

A break back above 82.78-96 is now needed to improve the immed outlook and alleviate the bearish pressure, however any break below here would likely spark some hefty sales, spec and model driven alike.

With over half the Usd Finex basket consisting of the Eur, any Usd index losses will likely send Eur/Usd cleanly through the key 1.3500 area having earlier attempted a brief spike following Trichet press conference and intimation at a June ECB hike.

Usd/Yen eyes further losses in this event, with the Yen recently given on boost on talk that further unwinding of carry trade is unwound on talk there could be some change to the G7 statement (talk an MOF official said G7 to give the Yen due attention)

Real time USD Index here
  • #3,090
  • Apr 12, 2007 11:03am Apr 12, 2007 11:03am
Quoting Pipsqueak
I entered short at 235.36. SL 235.66. TP 234.
Seems a pretty nice Stop for me!
No Brain, no Gain.
  • #3,091
  • Apr 12, 2007 12:17pm Apr 12, 2007 12:17pm
What is exacly happening.

THe DOW seems climing back. and Oil price is rising. and Still USD INDEX might try another attems previous lows?. Will this be the key point will it launsh Sellof? it seems GBP/JPY is bonded to usa dollar to claim. now EUR/USD seem to getting more power eaven the oil is rising?

can someone explane what is happening in this scenario?
  • #3,092
  • Apr 12, 2007 12:23pm Apr 12, 2007 12:23pm
Quoting Mother
What is exacly happening.

THe DOW seems climing back. and Oil price is rising. and Still USD INDEX might try another attems previous lows?. Will this be the key point will it launsh Sellof? it seems GBP/JPY is bonded to usa dollar to claim. now EUR/USD seem to getting more power eaven the oil is rising?

can someone explane what is happening in this scenario?
Stops driven trading today, taking USD biased down to spook offers at majors/USD at the highs.... I'll be watching for fresh USD selloff by Late NYC/early Tokyo, just in case.

I'm UJ bullish above 118.60/50 yet - target 120 someday
  • #3,093
  • Apr 12, 2007 12:33pm Apr 12, 2007 12:33pm
i just started to get some small down movement feeling, befour getting to the hights again. but i quess the ansfer will come soon.
  • #3,094
  • Apr 12, 2007 12:40pm Apr 12, 2007 12:40pm
Quoting Mother
What is exacly happening.

THe DOW seems climing back.
Heh don't question it just buy the dips.
  • #3,095
  • Apr 12, 2007 12:43pm Apr 12, 2007 12:43pm
Quoting imbiber
Heh don't question it just buy the dips.
heheh thanks! patiance. patiance..
sometimes to belave what i beleave is hard.
  • #3,096
  • Apr 12, 2007 12:47pm Apr 12, 2007 12:47pm
Thanks for this cesarnc, you rock man!!

Quoting cesarnc
This is absolutely key to anyone intending to trade in the upcoming hours/days

All eyes are on the [USD INDEX] as levels approach the 2006 low (05 Dec) and very strong technical support at 82.24.

A break back above 82.78-96 is now needed to improve the immed outlook and alleviate the bearish pressure, however any break below here would likely spark some hefty sales, spec and model driven alike.

With over half the Usd Finex basket consisting of the Eur, any Usd index losses will likely send Eur/Usd cleanly through the key 1.3500 area having earlier attempted a brief spike following Trichet press conference and intimation at a June ECB hike.

Usd/Yen eyes further losses in this event, with the Yen recently given on boost on talk that further unwinding of carry trade is unwound on talk there could be some change to the G7 statement (talk an MOF official said G7 to give the Yen due attention)

Real time USD Index here
  • #3,097
  • Apr 12, 2007 12:49pm Apr 12, 2007 12:49pm
Quoting Mother
heheh thanks! patiance. patiance..
sometimes to belave what i beleave is hard.
Some of my best trades happen during Asian session, while I'm sleeping and "patience" is not in the formula... Gotta work on that issue...
  • #3,098
  • Apr 12, 2007 12:51pm Apr 12, 2007 12:51pm
Yeah with the DOW I sometimes don't get it either but dip buying has been profitable for the past three or four years. It seems good news the DOW is up big, bad news the DOW is up only slightly but either way the DOW is still up.
  • #3,099
  • Apr 12, 2007 12:56pm Apr 12, 2007 12:56pm
I think thats the warning shots in equities, an end is coming? If today was a super hi volume, think id be liquidation soon
"Millionaires don't use astrology, billionaires do"
  • #3,100
  • Apr 12, 2007 1:23pm Apr 12, 2007 1:23pm
Seems USA/JPY wants to close inside the trendline (119.00/8)

i dont know how mutch USD economy is bending that dollar will hold? i might really need to hang on to this one, eany specualtions?
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