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Daily GBP/JPY analysis

  • #3,881
  • Apr 24, 2007 4:21pm Apr 24, 2007 4:21pm
Quoting Vitaliy
I can see smoke gathering here ... moves are smaller and smaller ... something will happen soon ...
yeah. calm before the storm... Euro has done multi-year highs few minutes ago. USDCHF setting up to go below 1.2000, multi-months low, as USDCAD. Cable is fuelled.

I've seen this formation takes place for 10 days in a row, a couple of weeks ago, forming at this time and triggering a USD supermarket sales by Tokyo.... That's what I'm on.
  • #3,882
  • Apr 24, 2007 4:25pm Apr 24, 2007 4:25pm
so you predicting GJ going down ???
these stupid moves up and down 80 pips took some my pips a lot of pips i would say i WANT THEM BACK =))))
  • #3,883
  • Apr 24, 2007 4:27pm Apr 24, 2007 4:27pm
Tokyo in 2 hours ladies and jellybabies. This thing needs a jolt in a particular direction, and Tokyo is good for jolts. Expect major demonic movements on all crosses, but keep an eye out for the dollar in particular.

Meanwhile, EURJPY was indeed a good call. Made 35 pips and left the market, the atmosphere was too quiet, too... freaky. Also, does everybody realise how NICE the Australians are? I never have problems with the Sydney session They are such sane, level headed people, even in mad times like these.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #3,884
  • Apr 24, 2007 4:32pm Apr 24, 2007 4:32pm
Quoting Vitaliy
so you predicting GJ going down ???
these stupid moves up and down 80 pips took some my pips a lot of pips i would say i WANT THEM BACK =))))
No, I'm watching if this set up across the board is going to be triggered, USD-selloff. Yen crosses to go crazy, like the blind guy in the shooting spree
  • #3,885
  • Apr 24, 2007 4:40pm Apr 24, 2007 4:40pm
Quoting Vitaliy
so you predicting GJ going down ???
these stupid moves up and down 80 pips took some my pips a lot of pips i would say i WANT THEM BACK =))))
I'm in the same boat as you. It started with the sell off last night. I watched my profits retrace back to 0 instead of taking profit. Man I'm still pissed about that. And then today with this seasaw back and forth crap, I lost more. I knew I should have avoided the market today.
  • #3,886
  • Apr 24, 2007 4:54pm Apr 24, 2007 4:54pm
Quoting Plutonite
Tokyo in 2 hours ladies and jellybabies. This thing needs a jolt in a particular direction, and Tokyo is good for jolts. Expect major demonic movements on all crosses, but keep an eye out for the dollar in particular.

Meanwhile, EURJPY was indeed a good call. Made 35 pips and left the market, the atmosphere was too quiet, too... freaky. Also, does everybody realise how NICE the Australians are? I never have problems with the Sydney session They are such sane, level headed people, even in mad times like these.
It is nice to hear something on this pair: AUD/JPY, it is very identical to GJ pair. Do you have a good discussion forum or information for this pair?
  • #3,887
  • Apr 24, 2007 5:17pm Apr 24, 2007 5:17pm
Quoting Plutonite
Tokyo in 2 hours ladies and jellybabies. This thing needs a jolt in a particular direction, and Tokyo is good for jolts. Expect major demonic movements on all crosses, but keep an eye out for the dollar in particular.

Meanwhile, EURJPY was indeed a good call. Made 35 pips and left the market, the atmosphere was too quiet, too... freaky. Also, does everybody realise how NICE the Australians are? I never have problems with the Sydney session They are such sane, level headed people, even in mad times like these.
Hahahaha I'm such a clown. Look at what I just found :

18:12Please keep in mind that Australia is out on holiday today.

I still think they are very nice compared to those crazy brits though
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #3,888
  • Apr 24, 2007 5:20pm Apr 24, 2007 5:20pm
Quoting imbiber
I'm in the same boat as you. It started with the sell off last night. I watched my profits retrace back to 0 instead of taking profit. Man I'm still pissed about that. And then today with this seasaw back and forth crap, I lost more. I knew I should have avoided the market today.
aha thats why once my order goes to profit i lock it with SL just few pips away from starting price ... just in case ...
  • #3,889
  • Apr 24, 2007 5:33pm Apr 24, 2007 5:33pm
Quoting zozem
http://i136.photobucket.com/albums/q.../063GBPJPY.jpg
This is the fight of USD bearish sentiment against Carry trades. The Yen is providing the muddy arena
  • #3,890
  • Apr 24, 2007 5:48pm Apr 24, 2007 5:48pm
  • #3,891
  • Apr 24, 2007 5:54pm Apr 24, 2007 5:54pm
Quoting cesarnc
Thanks... UJ just initiating another trip down. With Yen failing in the top side and USD weakness on the spot, those sudden moves are becoming familiar already... Looks like NYC is gonna cut selling $. I'm dying to see Tokyo fix
can any1 be so kind and, while waiting for the glorious breakout, take a few secs and explain a newbie what is this Tokyo fix? Id be very greatful, thanx.
We leave no soldier behind.
  • #3,892
  • Apr 24, 2007 6:00pm Apr 24, 2007 6:00pm
Quoting gagiul
can any1 be so kind and, while waiting for the glorious breakout, take a few secs and explain a newbie what is this Tokyo fix? Id be very greatful, thanx.
There are times during all session that plenty of trades take place simultaneously, magnifying the volume and volatility. Options business, IMM accounts, speculators for the ride, all the good stuff. Those are the "fixes"

7GMT (Fra open), 14 GMT (London close), 16GMT (Chicago IMMs), 01GMT (Tokyo open) are the main ones.
  • #3,893
  • Apr 24, 2007 6:05pm Apr 24, 2007 6:05pm
Thanx cesar, you are the man as usual
We leave no soldier behind.
  • #3,894
  • Apr 24, 2007 6:09pm Apr 24, 2007 6:09pm
Quoting gagiul
Thanx cesar, you are the man as usual
Still far, very far from this. But on my way
  • #3,895
  • Apr 24, 2007 6:29pm Apr 24, 2007 6:29pm
19:27USD/JPY now slipping a bit. Watch out on the 118.20 area break.
  • #3,896
  • Apr 24, 2007 7:51pm Apr 24, 2007 7:51pm
Quoting cesarnc
19:27USD/JPY now slipping a bit. Watch out on the 118.20 area break.
Time to short or wait?
  • #3,897
  • Apr 24, 2007 7:58pm Apr 24, 2007 7:58pm
Quoting wshhmm
Time to short or wait?
I'm waiting, and again the safest thing to trade right now is Euro, it is experiencing the strongest/most solid movements this fix due to being overbought in both USD and Yen markets. Wait for the big announcements before shorting GBP, we have a GDP coming up in london for god's sake.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #3,898
  • Apr 24, 2007 7:59pm Apr 24, 2007 7:59pm
Quoting wshhmm
Time to short or wait?
Tokyo is a no-show so far...
  • #3,899
  • Apr 24, 2007 8:04pm Apr 24, 2007 8:04pm
Quoting cesarnc
Tokyo is a no-show so far...
whoops
  • #3,900
  • Apr 24, 2007 8:09pm Apr 24, 2007 8:09pm
Quoting Plutonite
we have a GDP coming up in london for god's sake.
GDP is not quite a mover... It's easy to forecast. It is priced in already...
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