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Daily GBP/JPY analysis

  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
It is looking more and more like a good short, but soon as I say that, it'll rocket skyward.

I'm with you guys.....
... just need to crystal ball the BOJ !!
"We demand rigidly defined areas of doubt and uncertainty." - Douglas Adams
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting VanDemon
... just need to crystal ball the BOJ !!
LOL...so true. The BOJ is the key here.
Master Key once used to unlocked can bring wonders.
Quoting MarkH
LOL...so true. The BOJ is the key here.
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Goodnight boys, it's getting around bedtime in these parts. I will see you all tomorrow... No trades on for tonight.
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Still nothing.... I guess you could have traded the sideways channel but I would prefer to execute directional (trending) trades.
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Forgot to attach a chart....
Attached Image (click to enlarge)
Click to Enlarge Name: trades1.jpg Size: 134 KB
Quoting MarkH
It is looking more and more like a good short, but soon as I say that, it'll rocket skyward.

I'm with you guys.....

Stop trading real $$ immediately. Word to the wise...
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting bigslice54
Stop trading real $$ immediately. Word to the wise...
Could you provide a reason other than "stop trading"? Do you have some inside information or something?....LOL.
When having FEAR best to stop, when having GREED best to play. Always play with your STOPs & LIMITs placed then each trade can't go wrong.
Quoting amu123
When having FEAR best to stop, when having GREED best to play. Always play with your STOPs & LIMITs placed then each trade can't go wrong.
How about no fear, no greed, follow your system or technique and always use stops...Greed Kills just like speed
Never been vouched
BOJ announced 100BN over the next year which hardly affects this. I'm thinking i'll jump in short now at 126.4
"We demand rigidly defined areas of doubt and uncertainty." - Douglas Adams
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Game on. Channel breakDOWN....
Attached Image (click to enlarge)
Click to Enlarge Name: trades1.jpg Size: 122 KB
Quoting MarkH
Game on. Channel breakDOWN....
it was bought hard at 124.50. possible we can see a down move before 130.00 next week
Quoting MarkH
Game on. Channel breakDOWN....
IS it time to sell this beast?
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting dpmode
IS it time to sell this beast?
DP, I think it is, waiting for a pullback now.

In the meantime, enjoy....
Inserted Video
MarkH please show me how you draw your channels...are those trendlines or equidistant channel tool in metatrader. or are you using a channel indicator..thanx in advance

Quoting MarkH
Game on. Channel breakDOWN....
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting Caeser
MarkH please show me how you draw your channels...are those trendlines or equidistant channel tool in metatrader. or are you using a channel indicator..thanx in advance
Hello Caeser,

Google "Shi Channel true" indicator. This way we will all have the same identical channels.
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Sorry guys, I was under the impression that the "Shi Channel True" indicator was the property of the developer so I hadn't posted it out of respect for him. As it turns out, it's OK to post it, so here it is!
Attached File
File Type: mq4 SHI_Channel_true.mq4   8 KB | 129 downloads
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Dipping one toe in the water. Short One Lot @ 125.790
Attached Image (click to enlarge)
Click to Enlarge Name: trades1.jpg Size: 151 KB
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