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Daily GBP/JPY analysis

  • #16,061
  • Aug 29, 2011 9:01am Aug 29, 2011 9:01am
Well my thoughts are when we broke 126.53 place to take profit,now @ this level were bounceing off .382 retracement time to add more to my trade in hopes for 127.30 area then looking for major SHORT, KEEPING my eye on Gold. Here goes nothing....
  • #16,062
  • Aug 29, 2011 9:02am Aug 29, 2011 9:02am
Quoting MarkH
Closed all three positions at 126.222.....
Nicely done.

i saw that trendline too...intersecting gbp/jpy at 126.39.

P.S. i didnt enter long with you at 125.50 area because the S/R zone from H4 sits squarely on top...apparently, it has no effect.
  • #16,063
  • Aug 29, 2011 9:09am Aug 29, 2011 9:09am
Well my trade is not over yet, wish me luck
  • #16,064
  • Aug 29, 2011 9:28am Aug 29, 2011 9:28am
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting dddd
Nicely done.

i saw that trendline too...intersecting gbp/jpy at 126.39.

P.S. i didnt enter long with you at 125.50 area because the S/R zone from H4 sits squarely on top...apparently, it has no effect.
To your point earlier, even though the trades ended up in profit, I could have saved myself a lot of headaches by getting in a little later. One of the big problems with GBP/JPY is that it appears to have no direction. I need to look for a pair with distinctive daily trending.
  • #16,065
  • Aug 29, 2011 1:58pm Aug 29, 2011 1:58pm
Quoting longshot_nl
JebatFX?
Every day i check for your charts..... where are you?
They're having Holy holidays where he lives in Malaysia. I think the break ends soon.
  • #16,066
  • Aug 29, 2011 2:32pm Aug 29, 2011 2:32pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Progress for August....
Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 91 KB
  • #16,067
  • Aug 29, 2011 7:19pm Aug 29, 2011 7:19pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Long now, three positions around 126.250. Inverted Head and Shoulders forming on the 4Hr. Price keeps bumping off of the 50% Fibo level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 181 KB
Click to Enlarge Name: trade1.jpg Size: 133 KB
  • #16,068
  • Aug 29, 2011 9:12pm Aug 29, 2011 9:12pm
possible long entry here.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_jpy_h4.jpg Size: 72 KB
  • #16,069
  • Aug 29, 2011 9:16pm Aug 29, 2011 9:16pm
he teach me how to trade using eurusd/ gbpusd..what about this?how i can be expert in gbp/jpy..any help..
  • #16,070
  • Aug 29, 2011 9:17pm Aug 29, 2011 9:17pm
Nice chart longshot, Thank You !!
  • #16,071
  • Aug 29, 2011 9:32pm Aug 29, 2011 9:32pm
Quoting trumpet
Nice chart longshot, Thank You !!
come on im expert in eurusd/gbpusd but what about gbp/jpy..help me
  • #16,072
  • Aug 29, 2011 9:40pm Aug 29, 2011 9:40pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting strongflame
come on im expert in eurusd/gbpusd but what about gbp/jpy..help me
What do you need help with?
  • #16,073
  • Aug 29, 2011 9:45pm Aug 29, 2011 9:45pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting strongflame
come on im expert in eurusd/gbpusd but what about gbp/jpy..help me
I'll be entering another long position at 125.738 if the price drops to that level. Otherwise, I am already long with three positions....
  • #16,074
  • Aug 29, 2011 9:52pm Aug 29, 2011 9:52pm
Quoting MarkH
What do you need help with?
help me how to trade gbp/jpy..how i can barely understand..promise
  • #16,075
  • Aug 29, 2011 9:58pm Aug 29, 2011 9:58pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting strongflame
help me how to trade gbp/jpy..how i can barely understand..promise
How do you want me to help you? Do you want me to make the calls for trading for you, or do you want make your own calls?

Do you want a live trading chat room? I'm not sure HOW you want help....
  • #16,076
  • Aug 29, 2011 10:02pm Aug 29, 2011 10:02pm
Quoting strongflame
help me how to trade gbp/jpy..how i can barely understand..promise
Buy low
Sell high

I wont charge for that top tip
TRADE FOR SWAP
  • #16,077
  • Aug 29, 2011 10:15pm Aug 29, 2011 10:15pm
Quoting MarkH
How do you want me to help you? Do you want me to make the calls for trading for you, or do you want make your own calls?

Do you want a live trading chat room? I'm not sure HOW you want help....
my coach is very good i can easily understand his lesson...simple and strategic.. but gbpjpy i thnk its hard to trade.what do u think sir? ok i will try to read ur thread and to everybody..this is the address of my group for trades chatters sigmafx1 i dont know if you guys familiar..can i get your skype?
  • #16,078
  • Aug 29, 2011 10:16pm Aug 29, 2011 10:16pm
Quoting cgldsmth
Buy low
Sell high

I wont charge for that top tip
i agree sir..
  • #16,079
  • Aug 29, 2011 11:25pm Aug 29, 2011 11:25pm
Mark H. I think you made a great call, on my chart @ 10:00 on the one hour time frame my candle was just outside the Bollinger Band and I was not sure if it would double back for that or not. Looks like it is then maybe our bounce.
  • #16,080
  • Aug 29, 2011 11:34pm Aug 29, 2011 11:34pm
Good lookin out you nailed it !!
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