Attachments: Daily GBP/JPY analysis

Daily GBP/JPY analysis

#16,601
Apr 23, 2013 5:47am Apr 23, 2013 5:47am

rehab
| Joined Jul 2012 | Status: Hobby trading | 336 Posts

Quoting J.Clinton

Disliked

A Rare Opportunity to LONG on the GJ 4 hr. Can you see that {image}

Ignored

why is rare?

#16,602
Apr 23, 2013 5:54am Apr 23, 2013 5:54am

muneeflo
| Joined Feb 2009 | Status: Trader | 35 Posts

took my profits @150.58 +75 pips. I am long now @150.50.

#16,603
Apr 23, 2013 6:25am Apr 23, 2013 6:25am

J.Clinton
| Joined Apr 2013 | Status: Trader | 377 Posts

Quoting rehab

Disliked

{quote} why is rare?

Ignored

Some points of WHY:

- 200 pips for now, by then it's 250 pips GJ range, it can go 300-500 range but 250 is an average good daily range.

- UJ and EJ would be on basic supports 98 and 127.50

- It took many candles to break the hourly channel support level after ups and downs, it's time for the 4 hour channel support level. That level also forms a triangle bottom on the daily chart. Breakout would be for a somehow free drop to 147. Weekly and Monthly way far for now.

I hope it go there today and bounce up to the Top Resistance of the 4 hr. channel.

Trade according to current market condition, not what you think would be.

#16,604
Apr 23, 2013 6:31am Apr 23, 2013 6:31am

rehab
| Joined Jul 2012 | Status: Hobby trading | 336 Posts

Quoting J.Clinton

Disliked

{quote} Some points of WHY: - 200 pips for now, by then it's 250 pips GJ range, it can go 300-500 range but 250 is an average good daily range. - UJ and EJ would be on basic supports 98 and 127.50 - It took many candles to break the hourly channel support level after ups and downs, it's time for the 4 hour channel support level. That level also forms a triangle bottom on the daily chart. Breakout would be for a somehow free drop to 147. Weekly and Monthly way far for now. I hope it go there today and bounce up to the Top Resistance of the 4 hr....

Ignored

Got it, thanks!

#16,605
Apr 23, 2013 6:48am Apr 23, 2013 6:48am

rehab
| Joined Jul 2012 | Status: Hobby trading | 336 Posts

Quoting J.Clinton

Disliked

{quote} Some points of WHY: - 200 pips for now, by then it's 250 pips GJ range, it can go 300-500 range but 250 is an average good daily range. - UJ and EJ would be on basic supports 98 and 127.50 - It took many candles to break the hourly channel support level after ups and downs, it's time for the 4 hour channel support level. That level also forms a triangle bottom on the daily chart. Breakout would be for a somehow free drop to 147. Weekly and Monthly way far for now. I hope it go there today and bounce up to the Top Resistance of the 4 hr....

Ignored

Excellent call Clinton. I am not yet long on GJ, I am waiting for the hourly close. I am afraid after my loss of today.

#16,606
Apr 23, 2013 8:57am Apr 23, 2013 8:57am

buzzing
| Joined Jan 2009 | Status: Trader | 10 Posts

Got my ass kicked yesterday - Let's try longs today !!

-buzzing
-[vouches welcome

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#16,607
Apr 24, 2013 2:29am Apr 24, 2013 2:29am

blobsaudio
| Joined Feb 2013 | Status: Trader | 334 Posts

Not trading anything right now,but price seems rather stuck at the following area. One of those sit back and wait moments if you have no open positions

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#16,608
Apr 24, 2013 6:01am Apr 24, 2013 6:01am

muneeflo
| Joined Feb 2009 | Status: Trader | 35 Posts

yes good to wait and not overtrade i am -100 on this short position right now, i am saving some dry powder, but i need to see if it can break this resistance first.

#16,609
Apr 25, 2013 1:59am Apr 25, 2013 1:59am

blobsaudio
| Joined Feb 2013 | Status: Trader | 334 Posts

Quoting muneeflo

Disliked

yes good to wait and not overtrade i am -100 on this short position right now, i am saving some dry powder, but i need to see if it can break this resistance first.

Ignored

Did you manage to get out of that short?

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I doubt there will be much action until the GDP figures have been released later this morning.

#16,610
Apr 25, 2013 5:00am Apr 25, 2013 5:00am

muneeflo
| Joined Feb 2009 | Status: Trader | 35 Posts

no i just added on this spike.

#16,611
Apr 25, 2013 6:20am Apr 25, 2013 6:20am

kbp
| Joined Dec 2009 | Status: Regular Trader | 203 Posts

sell limit hit. SL 154.10 TP 151.09
let fall GJ, my original target was 148 but the GBP news just changed my plan...

back... and more dangerous.

#16,612
Apr 26, 2013 9:52am Apr 26, 2013 9:52am

blobsaudio
| Joined Feb 2013 | Status: Trader | 334 Posts

Hmm, I wonder if that is the target area, probably a bit of a stretch to reach there today but doable on this pair.

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#16,613
Apr 27, 2013 11:49am Apr 27, 2013 11:49am

kamifx
| Joined Jul 2012 | Status: Trader | 477 Posts

GJ
For those who are trading on this pair considering two levels
145.28 in UP
147.30 in Down
Swing will between these levels
i don't wanna say i am right but according to my calculation , considering these levels as well.

Don’t follow someone else’s trading advice blindly

#16,614
Jan 13, 2014 12:37pm Jan 13, 2014 12:37pm

samansadeghi
Joined Mar 2010 | Status: FUNDAMENTAL IS EVERYTHING | 1,877 Posts

GBPJPYH1

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THERE IS NO SYSTEM

#16,615
Feb 3, 2016 10:00am Feb 3, 2016 10:00am

smikester
Joined Mar 2007 | Status: Trader | 8,618 Posts

Quoting smikester

Disliked

My girlfriend says there will be some retracement at 327.51, before reaching 400 in 2016, with various small retracements on the way. This was not a technical or fundamental calculation, just drawing a few continuation lines on the monthly chart

Ignored

That did not work out, then.

Gone to a better place

#16,616
Sep 10, 2017 3:19am Sep 10, 2017 3:19am

Dutchy3
| Joined Aug 2017 | Status: Trader | 157 Posts

GBP/JPY for those with a D1 view. H4 signalled late on Friday for a possible commencement of wave 3 on D1, returning to 144.500 ish. Time frame mid to late September 2017

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