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Daily GBP/JPY analysis

  • #15,441
  • Jun 27, 2010 9:46pm Jun 27, 2010 9:46pm
Showed it's hand how?? You really see 130.00 range??

Quoting smikester
Sorry GBP/JPY you showed your hand with that hourly close at 133.33
  • #15,442
  • Jun 28, 2010 12:34am Jun 28, 2010 12:34am
Hi Colostarr. The way I see it, if we close below 134.89 today, we won't see that level again for a while. If we see an hourly close below 133.18, I'm shorting, 1st target 130.00. This is purely on price action although I prefer other JPY pairs, notably NZD/JPY. What's your view?
Gone to a better place
  • #15,443
  • Jun 28, 2010 12:47am Jun 28, 2010 12:47am
Quoting Colostarr
Calling all cars, calling all cars, All points bulletin for the whereabouts of JebatFX. Last heard from on or about 10 June...has anyone heard from JebatFX??
jebatfx is on holiday now..
untill world cup over..
Revesal Trader
  • #15,444
  • Jun 28, 2010 1:20am Jun 28, 2010 1:20am
Thank you Smikester,
I trade primarily the GBP/JPY 1 hour chart. Although I appreciate the daily and weekly insights...helps with trading the Chaos method, specifically bullish and bearish divergent candles (angulation)! GBP/JPY just gave a sell signal a week signal, but a signal just the same...I'll follow it for a while, until my daily goal is met. I appreciate your insight!

Quoting smikester
Hi Colostarr. The way I see it, if we close below 134.89 today, we won't see that level again for a while. If we see an hourly close below 133.18, I'm shorting, 1st target 130.00. This is purely on price action although I prefer other JPY pairs, notably NZD/JPY. What's your view?
  • #15,445
  • Jun 28, 2010 2:20am Jun 28, 2010 2:20am
World Cup ended for USA 2 days ago! Hope he has a good time! I've been missing his outstanding analysis! Thank you for the info!

Quoting mygoldenpips
jebatfx is on holiday now..
untill world cup over..
  • #15,446
  • Jun 28, 2010 2:54am Jun 28, 2010 2:54am
I've never traded with NZD/JPY so I pulled up a chart. I see that it gave an excellent bearish divergent candle on the daily for the 21st. Would love to have been in on that trade.All three wise men have shown up, and it's progressing nicely. Divergent candle (wise-man #1) It's at +110 pips from the sell signal, sell #2 (3 consecutive red AO bars, wise man #2) signal on was today at 63.54, currently sitting at 63.11, another 43 pips on top of that....not too shabby! Wise man #3 down fractal from the 25th candle, sell signal (close #1) at 62.66. Very profitable trade, I will certainly start watching NZD/JPY chart! Thanks for your insight!

Quoting smikester
Hi Colostarr. The way I see it, if we close below 134.89 today, we won't see that level again for a while. If we see an hourly close below 133.18, I'm shorting, 1st target 130.00. This is purely on price action although I prefer other JPY pairs, notably NZD/JPY. What's your view?
Attached Image (click to enlarge)
Click to Enlarge Name: nzd-jpy.gif Size: 30 KB
  • #15,447
  • Jun 28, 2010 10:38pm Jun 28, 2010 10:38pm
Just checked the daily chart for NZD/JPY. The third wise man sell stop triggered. If I would have gotten in on the 21st, this is where I close both of the first 2 wise men trades (+151 pips and +89 pips 240!). #3 wise man fix with a 50 pip trailing stop, and stop loss at the top of this candle! I think I love this pair!
Attached Image (click to enlarge)
Click to Enlarge Name: nzd-jpy2.gif Size: 28 KB
  • #15,448
  • Jun 29, 2010 12:46am Jun 29, 2010 12:46am
Yes NZD/JPY broke nicely didn't it? I was looking at a 1st target of 61.30 there. Just going back to my earlier post the daily close on my feed was 134.884 ...
Gone to a better place
  • #15,449
  • Jun 29, 2010 1:01am Jun 29, 2010 1:01am
Yeah I know I don't always follow the exit strategy as Mr. Williams details it,but the way I see, those are PIPS I didn't have in my account to start the day. I just looked at the price, it's at 62.28, if I were in this trade, I think I would close that third order, add the 70 pips to my first 2 and close up shop for the day! I like how this pair trends...it really sticks to trends doesn't it?

Quoting smikester
Yes NZD/JPY broke nicely didn't it? I was looking at a 1st target of 61.30 there. Just going back to my earlier post the daily close on my feed was 134.884 ...
  • #15,450
  • Jun 30, 2010 7:44am Jun 30, 2010 7:44am
i trade mainly the gbp/jpy, aud/jpy, eur/jpy and aud/[email protected] for a good time....he he
i have to wait three days for a signal sometimes, but this style is a money machine. the GBP/JPY is looking exhausted today, as in freefall. this is the second week in a row the carry trade is faltering. best regards, men
  • #15,451
  • Jun 30, 2010 8:03am Jun 30, 2010 8:03am
I concur with this. GBP/JPY is ranging like crazy today.....I have finally stopped watching it, NZD/JPY is sideways.....I can't tell you how many times I came to this forum today looking for a new update out of shear boredom!!

Quoting Gbp/jpy
i trade mainly the gbp/jpy, aud/jpy, eur/jpy and aud/[email protected] for a good time....he he
i have to wait three days for a signal sometimes, but this style is a money machine. the GBP/JPY is looking exhausted today, as in freefall. this is the second week in a row the carry trade is faltering. best regards, men
  • #15,452
  • Jun 30, 2010 8:22am Jun 30, 2010 8:22am
hey, who drew that line under my post!......my system likes the larger time frames 4H 6H and 8H i have more techniques that seem to tap the pulse, which is too easy. but it's dicipline so it's sort of a secret skill.
  • #15,453
  • Jun 30, 2010 9:37am Jun 30, 2010 9:37am
GJ are in a range since 2010.06.08 between 131.421 and 136.012
I doesn't have the burning ambition to buy at the deepest point, may be 131.22 or 129.20
Enter long with 3 positions at 132.60. Target: 133.40 / 134.20 / 135.00
  • #15,454
  • Jun 30, 2010 10:24am Jun 30, 2010 10:24am
I was speaking more from an hourly stand point, not daily. Trading Bill Williams Angulation allows you to trade safely in a somewhat ranging market, but not like it was today . The weekly Support 1 was finally broken later in the day, allowing a close order of 150 pips...took 3 days but it finally broke through and hit my TP (thanks to input from smikester, I stayed in!). Time to close it down for the day! Being in the 10% feels good!

Quoting trigg
GJ are in a range since 2010.06.08 between 131.421 and 136.012
I doesn't have the burning ambition to buy at the deepest point, may be 131.22 or 129.20
Enter long with 3 positions at 132.60. Target: 133.40 / 134.20 / 135.00
  • #15,455
  • Jun 30, 2010 9:20pm Jun 30, 2010 9:20pm
yeszz , now friday has the options thing....more than likely they'll pull the trick of the decade to announce good news for the usa market....otherwise here comes 79.xx on g/j. i know, i know can't be, but the elliott wavers out there say yes
  • #15,456
  • Jun 30, 2010 9:27pm Jun 30, 2010 9:27pm
my system is up 6.3 % in two days....or two days and two hours. it sits, and it waits doing nothing...then bamm. with an 8H, it can miss 120 pips of the move or, if the market does that little stall for 4 or 8 hours, it catches every bit of the move. the profits are kind, and i don't even have to watch. he he. i watch three times a day.
  • #15,457
  • Jul 1, 2010 12:25am Jul 1, 2010 12:25am
Quoting Gbp/jpy
my system is up 6.3 % in two days....or two days and two hours. it sits, and it waits doing nothing...then bamm. with an 8H, it can miss 120 pips of the move or, if the market does that little stall for 4 or 8 hours, it catches every bit of the move. the profits are kind, and i don't even have to watch. he he. i watch three times a day.
I'm intrigued. Your system is up 6.3% in two days? Could you post a chart? What is your system based on? I note you posted your email address a couple of posts ago. Is your system for sale?
Gone to a better place
  • #15,458
  • Jul 1, 2010 1:10am Jul 1, 2010 1:10am
Inquiring minds want to know!

Quoting smikester
I'm intrigued. Your system is up 6.3% in two days? Could you post a chart? What is your system based on? I note you posted your email address a couple of posts ago. Is your system for sale?
  • #15,459
  • Jul 1, 2010 11:34pm Jul 1, 2010 11:34pm
It looks like NZD/JPY is setting up for a reversal. I've attached a slide. Wise man #1 was at the close of the candle with fantastic angulation from the alligators mouth. I missed the opening of today's candle, but this is the same setup I pointed out in my first post of this pair. Would love to hear what the consensus is. I set a buy stop at todays high, haven't done it yet, but I will place stop loss at today's low. I fully intend to get in on this swing. Concur? Disagree?
Attached Image (click to enlarge)
Click to Enlarge Name: nzd-jpy2.gif Size: 24 KB
  • #15,460
  • Jul 1, 2010 11:54pm Jul 1, 2010 11:54pm
GBP/JPY just blundered into a whole load of overhead resistance. It's NFP day. USA posted bad figures yesterday. China's 3rd biggest bank is going bust. Phew! I wouldn't be taking any serious trades today, personally, until well after NFP releases.
Gone to a better place
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