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Daily GBP/JPY analysis

  • #3,741
  • Apr 23, 2007 10:03am Apr 23, 2007 10:03am
10:49 Another tough painful short term revrsal in JPY based pairs...Frustration hitting high points with some short term traders



Another day that patience - a TRUCKLOAD of patience is requiered
  • #3,742
  • Apr 23, 2007 10:09am Apr 23, 2007 10:09am
Quoting cesarnc
10:49 Another tough painful short term revrsal in JPY based pairs...Frustration hitting high points with some short term traders



Another day that patience - a TRUCKLOAD of patience is requiered
hehe..

at least the commentary keeps your humour up ;D

10:39 comment tickled me ;D

-decca
  • #3,743
  • Apr 23, 2007 10:11am Apr 23, 2007 10:11am
starts to from great scenario for shorts. 236.30 sector again. break out from there might be good hump downwards..
  • #3,744
  • Apr 23, 2007 10:24am Apr 23, 2007 10:24am
Quoting decca
hehe..

at least the commentary keeps your humour up ;D

10:39 comment tickled me ;D

-decca
Yes. for days trading UJ is place short or long, whatever the price no SL. Given enough time you will profit 50 pips.
  • #3,745
  • Apr 23, 2007 10:38am Apr 23, 2007 10:38am
Quoting Traex
What I'm seeing right now. Not yet formed tho. If it's really done, we'll see 236+ again then it'll shoot up.
However if the trend break down 236.30, we may have a downtrend, too.
Correct me if I were wrong. http://www.forexfactory.com/images/icons/icon12.gif
  • #3,746
  • Apr 23, 2007 10:39am Apr 23, 2007 10:39am
Quoting cesarnc
Yes. for days trading UJ is place short or long, whatever the price no SL. Given enough time you will profit 50 pips.
without Stops loss is dangerus. but let say if you send commandos on mission in forest. And go withness the mission your self. Then you will know when it turned bad,. but if you send your commandos there without you. you only hear the failure later on.

without SL you need to go to the mission your self.
  • #3,747
  • Apr 23, 2007 10:41am Apr 23, 2007 10:41am
Quoting Traex
What I'm seeing right now. Not yet formed tho. If it's really done, we'll see 236+ again then it'll shoot up.
Hey thanks this helps.
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,748
  • Apr 23, 2007 10:49am Apr 23, 2007 10:49am
I hate when it does this ... up few pips .... down few pips ....
  • #3,749
  • Apr 23, 2007 10:51am Apr 23, 2007 10:51am
Quoting Sami7
Hey thanks this helps.
Did you also read my posting of #3770?
  • #3,750
  • Apr 23, 2007 10:57am Apr 23, 2007 10:57am
Quoting trader8686
However if the trend break down 236.30, we may have a downtrend, too.
Correct me if I were wrong. http://www.forexfactory.com/images/icons/icon12.gif
True. That's why we have this important thing called stop-loss.
There's a slightly descending trendline in h1, currently at 236.17. Connect 17 apr low, 18 apr low, and today's low to draw it.
Tra-X
  • #3,751
  • Apr 23, 2007 10:59am Apr 23, 2007 10:59am
cesar, where you getting those comments from?
  • #3,752
  • Apr 23, 2007 11:00am Apr 23, 2007 11:00am
Quoting Traex
True. That's why we have this important thing called stop-loss.
There's a slightly descending trendline in h1, currently at 236.17. Connect 17 apr low, 18 apr low, and today's low to draw it.
Sorry, but I don't quite get it, can you possible show us the picture?
  • #3,753
  • Apr 23, 2007 11:02am Apr 23, 2007 11:02am
Vitaly are you short still?
"Millionaires don't use astrology, billionaires do"
  • #3,754
  • Apr 23, 2007 11:07am Apr 23, 2007 11:07am
On my 5m chart - the most recent move up - we have retraced to the 61.8% fibo and are seeing a retracement of the move down- not sure if it will continue that way.

Adding RSI at bottom - looks like we may have a few pips up at least soon.

This choppiness is killing me.
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,755
  • Apr 23, 2007 11:09am Apr 23, 2007 11:09am
Quoting trader8686
Sorry, but I don't quite get it, can you possible show us the picture?
Here you go.
Attached Image
Tra-X
  • #3,756
  • Apr 23, 2007 11:13am Apr 23, 2007 11:13am
Yen pairs' charts must come with a "CVA-Hazard" warning
  • #3,757
  • Apr 23, 2007 11:23am Apr 23, 2007 11:23am
I think it's going to be bottom fishing later. Tra-x going to catch the move up?
All hard work brings a profit, but mere talk leads only to poverty.
  • #3,758
  • Apr 23, 2007 11:27am Apr 23, 2007 11:27am
Quoting Sami7
I think it's going to be bottom fishing later. Tra-x going to catch the move up?
How are you so sure, Sami7?
  • #3,759
  • Apr 23, 2007 11:39am Apr 23, 2007 11:39am
12:33 Short terms moves in these JPY based pairs are testing the patience of the most veteran traders

Imagine the newbies like me
  • #3,760
  • Apr 23, 2007 11:47am Apr 23, 2007 11:47am
Quoting cesarnc
12:33 Short terms moves in these JPY based pairs are testing the patience of the most veteran traders

Imagine the newbies like me

Find your side and sit tight, time is about to run out for this stalling, my opin, they sell the crap out of it and accumulate, this recent daily up move was a distribution, smart money will be looking buy this pair again as a great discount in price perhaps
"Millionaires don't use astrology, billionaires do"
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