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Daily GBP/JPY analysis

  • #15,461
  • Jul 2, 2010 12:58am Jul 2, 2010 12:58am
the best part is not having to watch....i can scalp and have no losses, but it gets old after one day. this system is real conservative or it won't work...so, it builds slowly but with small drawdown....best for megabucks....but, one can over-ride carrytrade days and other times for kind profits. like the london open and i swear, the new york open has this one minute chart trick...
  • #15,462
  • Jul 2, 2010 1:00am Jul 2, 2010 1:00am
that has to be the best...
  • #15,463
  • Jul 2, 2010 1:03am Jul 2, 2010 1:03am
i posted this on my developement group chatroom, i might as well here...in the new testament it says the name of the son contains the name of the father....somewhere....any ideas. the advance search online bible keyword search was zip...thanks
  • #15,464
  • Jul 2, 2010 1:16am Jul 2, 2010 1:16am
may was a record month...the downmoves. that sent the pip count through the roof...at .6% per pip...14,000
= pips....i know, i know
january=-300 pips
feb=7,300 pips
march=4,800 pips
april=7,300 again
may=craploads...fill your socks
june=340 pips bled after the nice may
july=760 so far
so january was down, but one can override for better results since these results are the robot which doesn't know what a carry trade is!
  • #15,465
  • Jul 2, 2010 3:19am Jul 2, 2010 3:19am
Until I see the system you are speaking of, you may as well be speaking in tongue! Are you going to share your system or just continue bragging about its success?? Have I missed a previous post where you posted this system?

Quoting Gbp/jpy
may was a record month...the downmoves. that sent the pip count through the roof...at .6% per pip...14,000
= pips....i know, i know
january=-300 pips
feb=7,300 pips
march=4,800 pips
april=7,300 again
may=craploads...fill your socks
june=340 pips bled after the nice may
july=760 so far
so january was down, but one can override for better results since these results are the robot which doesn't know what a carry trade is!
  • #15,466
  • Jul 3, 2010 8:51am Jul 3, 2010 8:51am
the system. if a system gets posted antwhere on the internet, it gets nullified really fast, it takes about two weeks a bahammm. the computer that runs things in the world "morphs the system" and i'm not bragging, traders need to know that forex can be profitable with a system, even pure technicals, even with math and logic.
you see, i was in agony for three years trying figure that out ( the math and logic) now i have peace of mind about that subject. My handles are logicalley and MATHALLEY at oanda's forum. and "rex". also, there is a bunch of us doing developement at an online chatroom, we're scattered from all continents my buddy from new york moved to south america.
  • #15,467
  • Jul 4, 2010 4:31pm Jul 4, 2010 4:31pm
http://i46.tinypic.com/2lvolxd.jpg

Price will move up from Daily Open to 133.66, and turn down to 132.69 , then going Up to 134.76

Recommend : BUY Limit @ 132.69 TP 134.76 SL 132.25

Correct me, if I'm wrong...
  • #15,468
  • Jul 4, 2010 9:24pm Jul 4, 2010 9:24pm
Hi guys!!!

I went long on GBP/JPY @ 133.976 and hope to TP @ 134.447.

Is it fair enough, this is my first time trading this pair.
  • #15,469
  • Jul 5, 2010 12:43am Jul 5, 2010 12:43am
the range is best till that breaks....a daily range really kick azz, but now and then one has to hold a trade over nite or longer.
  • #15,470
  • Jul 5, 2010 8:41am Jul 5, 2010 8:41am
Been down all day...just setup buy stop at your levels! We shall see!

Quoting Do2L
http://i46.tinypic.com/2lvolxd.jpg

Price will move up from Daily Open to 133.66, and turn down to 132.69 , then going Up to 134.76

Recommend : BUY Limit @ 132.69 TP 134.76 SL 132.25

Correct me, if I'm wrong...
  • #15,471
  • Jul 5, 2010 10:36am Jul 5, 2010 10:36am
Well, Well, Well.
GBP/JPY finally shows her hand. 1st wise man signal, triggered 1t 132.69, Gave an excellent divergent candle on the 1400 GMT hourly chart. There's no chaos today, low news day, bank holiday in the US...it will probably move slow...but so far I'd say good call there Do2L!

Quoting Do2L
http://i46.tinypic.com/2lvolxd.jpg

Price will move up from Daily Open to 133.66, and turn down to 132.69 , then going Up to 134.76

Recommend : BUY Limit @ 132.69 TP 134.76 SL 132.25

Correct me, if I'm wrong...
Attached Image (click to enlarge)
Click to Enlarge Name: nzd-jpy2.gif Size: 27 KB
  • #15,472
  • Jul 5, 2010 9:33pm Jul 5, 2010 9:33pm
Well that signal turned out to be a false signal...lost 60 pips. After looking at the hourly chart, it seems that there are 2 signals forming. 1 is the 1st wise man signal, and the second is the forming of a twin peaks on the AO. Should be interesting as price is sitting on the daily pivot. Any forecasts today?? If price breaks through the pivot, i see it going up to 133.15 or so. Thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: nzd-jpy2.gif Size: 23 KB
  • #15,473
  • Jul 6, 2010 12:08am Jul 6, 2010 12:08am
It's pretty ragged at the moment. With every time frame from H1 and above trading under the 200ma I'm surprised you considered a long. But anyway I'm still holding shorts and I'm just waiting. What sort of a close we have above 133 might change the complexion, but I may add to my shorts if we bounce off 133 today.
Gone to a better place
  • #15,474
  • Jul 6, 2010 12:17am Jul 6, 2010 12:17am
Right...volatility is low again today...however the 1 hour is still moving up, although slowly. Thank god for stops and reversal trades! Twin peak just completed on the AO, setting up a buy stop #2 at 132.85. I'm getting out at 133.13! See chart!

Quoting smikester
It's pretty ragged at the moment. With every time frame from H1 and above trading under the 200ma I'm surprised you considered a long. But anyway I'm still holding shorts and I'm just waiting. What sort of a close we have above 133 might change the complexion, but I may add to my shorts if we bounce off 133 today.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd-jpy2.gif Size: 27 KB
  • #15,475
  • Jul 6, 2010 1:17am Jul 6, 2010 1:17am
i'm learning from those graphics, makes me see. i'm into macd
keep it up, and thanks for posting 'em, i work best with more input
  • #15,476
  • Jul 6, 2010 3:56am Jul 6, 2010 3:56am
Get your hands on Bill Williams Book "Trading Chaos" second edition. Easy to read, and his methods work...especially on the daily candles! So far this trade has progressed nicely. Both Wise man signals triggered, looking for wise man #3 or an exit strategy. Twin peaks is probably the most successful signal I have seen from the 5 methods used in trading chaos (regardless of volatility, and in a ranging market)...I am 100% successful when the twin peaks signal shows itself (any major, anytime frame!) and around 85% successful with Angulation! I too appreciate insight as I am still trying to teach myself the Elliot wave...been missing JebatFX inputs!

Quoting Gbp/jpy
i'm learning from those graphics, makes me see. i'm into macd
keep it up, and thanks for posting 'em, i work best with more input
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-jpy.gif Size: 27 KB
  • #15,477
  • Jul 6, 2010 4:03am Jul 6, 2010 4:03am
Just looked at the 4H timeframe on GBP/JPY, another twin peaks signal there, although a pretty weak one, I'll watch it and see it breaks the top of the previous candle.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-jpy2.gif Size: 27 KB
  • #15,478
  • Jul 6, 2010 5:01am Jul 6, 2010 5:01am
I exited the number 1 and 2 wise man trades, netting 104 pips. Possible scalping opportunity coming up now at the close of the hourly...double top at 133.65.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-jpydt.gif Size: 26 KB
  • #15,479
  • Jul 6, 2010 5:08am Jul 6, 2010 5:08am
Nice move Colostarr. Glad you didn't listen to me. I'm not in the mood today for this pair which just closed out some longer term shorts which were doing well.
Gone to a better place
  • #15,480
  • Jul 6, 2010 6:48am Jul 6, 2010 6:48am
Thanks Smikester....the president himself couldn't keep me from acting on a twin peak signal...very powerful stuff! I love the Awesome Oscillator!

Quoting smikester
Nice move Colostarr. Glad you didn't listen to me. I'm not in the mood today for this pair which just closed out some longer term shorts which were doing well.
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