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Daily GBP/JPY analysis

  • #3,101
  • Apr 12, 2007 3:33pm Apr 12, 2007 3:33pm
Dip buy rulez

Just hated the scary time at low 235
  • #3,102
  • Apr 12, 2007 4:51pm Apr 12, 2007 4:51pm
Quoting cesarnc
Dip buy rulez

Just hated the scary time at low 235

Hey there, first time poster... I got to agree with you here. Almost any pair with YEN (except for USD/YEN), going long on all dips has paid off handsomely . I'm currently long on GDP/YEN at 235.40 currently up 30/plus PIPS, Stop loss is at break even (worst case senario, i won't lose a dime), i'm gonna let it ride until major news on YEN or GDP comes out, at which point I'm going to recalculate my position. Love these setups...
  • #3,103
  • Apr 12, 2007 5:01pm Apr 12, 2007 5:01pm
Quoting ckny74
Hey there, first time poster... I got to agree with you here. Almost any pair with YEN (except for USD/YEN), going long on all dips has paid off handsomely . I'm currently long on GDP/YEN at 235.40 currently up 30/plus PIPS, Stop loss is at break even (worst case senario, i won't lose a dime), i'm gonna let it ride until major news on YEN or GDP comes out, at which point I'm going to recalculate my position. Love these setups...

What Irony!!! As I finished writing this post, this pair dropped 30 PIPs... Screw it! I'm buying more... This is how I lose money in Forex!
  • #3,104
  • Apr 12, 2007 5:06pm Apr 12, 2007 5:06pm
Quoting ckny74
What Irony!!! As I finished writing this post, this pair dropped 30 PIPs... Screw it! I'm buying more... This is how I lose money in Forex!
Watchout for those top of the hours fixes... Only GU and UJ were dropping a little, not EU, for instance.
22:00:01 GMT ticked and price turned....

Holpe you had a wide SL not to be triggered.
  • #3,105
  • Apr 12, 2007 5:20pm Apr 12, 2007 5:20pm
Quoting cesarnc
Watchout for those top of the hours fixes... Only GU and UJ were dropping a little, not EU, for instance.
22:00:01 GMT ticked and price turned....

Holpe you had a wide SL not to be triggered.

Yeah, my SL is still holding and I did buy more... Kind of thinking that might have been a mistake (too much leverage now)...
  • #3,106
  • Apr 12, 2007 5:34pm Apr 12, 2007 5:34pm
Top of the hour fixes? Please enlighte me.
Illegitimi Non Carborundum
  • #3,107
  • Apr 12, 2007 5:38pm Apr 12, 2007 5:38pm
I like it very mutch how it bounces from the fibo and a Trend line!


http://www.kapteeni.org/iRMA/gj0413.gif
  • #3,108
  • Apr 12, 2007 6:07pm Apr 12, 2007 6:07pm
[ASIAN OPEN] A rumor in the mkt G7 might discuss Yen carry trade, and actual warnings from the usual IMF speaker Rato on carry trade would keep the mkt sentiment cautious
  • #3,109
  • Apr 12, 2007 6:14pm Apr 12, 2007 6:14pm
when this crap G7 meeting is over?
the volatility this week is very low.
  • #3,110
  • Apr 12, 2007 6:23pm Apr 12, 2007 6:23pm
Quoting hazz
when this crap G7 meeting is over?
the volatility this week is very low.
Starts on Friday. I guess it goes through the weekend, no?
  • #3,111
  • Apr 12, 2007 6:27pm Apr 12, 2007 6:27pm
With the USD Index trending down & some potentially further damaging reports coming out tommorrow I feel another dollar selloff coming tonight.
  • #3,112
  • Apr 12, 2007 6:38pm Apr 12, 2007 6:38pm
Quoting black06
With the USD Index trending down & some potentially further damaging reports coming out tommorrow I feel another dollar selloff coming tonight.
USD looking offered across the board right now... On the waiting of 00:00 GMT? may be.

USD index back to the edge of the cliff 82.33... But will need a friend to push.
  • #3,113
  • Apr 12, 2007 7:09pm Apr 12, 2007 7:09pm
For USD index if there is a clear break below 82.25 this can lower the USD
  • #3,114
  • Apr 12, 2007 7:50pm Apr 12, 2007 7:50pm
I just caught a EUR/USD long as it shot through 1.35... let's see how this turns out
  • #3,115
  • Apr 12, 2007 8:20pm Apr 12, 2007 8:20pm
Looks like someone pushed 52 week low was broken.

Quoting cesarnc
USD looking offered across the board right now... On the waiting of 00:00 GMT? may be.

USD index back to the edge of the cliff 82.33... But will need a friend to push.
  • #3,116
  • Apr 12, 2007 8:33pm Apr 12, 2007 8:33pm
thanks duke but could pls elaborate on your method.Thanks fdor your anticipated cooperation.
  • #3,117
  • Apr 12, 2007 8:43pm Apr 12, 2007 8:43pm
21:32 Cable runs stops through 1.9820 and disappears. It reappears near 1.9835.



USD index below 82.200, licking the floor.

Tomorrow's USD-ve PPI and we may see the end of this huge up move from 9220 at 99s.


  • #3,118
  • Apr 12, 2007 9:07pm Apr 12, 2007 9:07pm
21:30A large German bank bidding for eur/usd now. They have been buyers all morning.
21:52Eur/usd down testing bids near 1.3510 as the German bank who was buying on the way up is now offering here.

Im curious to see if they can push Euro any higher. With the lack of movement in UY, probably we will see GY also over 236 again. These Germans dont sleep? its night in Europe. crazy
We leave no soldier behind.
  • #3,119
  • Apr 12, 2007 9:14pm Apr 12, 2007 9:14pm
Crazy how this game works. Where do you get your info from?

Quoting gagiul
21:30A large German bank bidding for eur/usd now. They have been buyers all morning.
21:52Eur/usd down testing bids near 1.3510 as the German bank who was buying on the way up is now offering here.

Im curious to see if they can push Euro any higher. With the lack of movement in UY, probably we will see GY also over 236 again. These Germans dont sleep? its night in Europe. crazy
  • #3,120
  • Apr 12, 2007 9:33pm Apr 12, 2007 9:33pm
I am reading mixed opinions on the G7 as it could potentially be Yen bullish or have no effect on the carry at all. A possible rate hike by the ECB is in the forecast for June which could be pricing itself in right now.
The Euro is hitting a grand slam right now i would even think of shorting just yet.
"Only when the tide goes out will we know who is swimming naked."
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