As far as EJ goes I think it's just "holding it's breath" / forming a pennant. So give another 8 hours or so lets see where it is then. Oh Fukui still has to speak / work the house wives

Daily GBP/JPY analysis

Last Update: 4:15 AM ET Jun 20, 2007 HONG KONG (MarketWatch)-- Shanghai's Composite Index tumbled 2.1% Wednesday amid rumors China's central bank could be about to lift interest rates, traders said. Shanghai's benchmark ended 2.1% lower, tumbling ...

Daily GBP/JPY analysis

Sup man. Although not full time yet. (2 years left till that starts) the job I currently have means That I wake up at London open and finish my working day along side the NY close. I will more then likely continue that cycle until then. How ever my ...

A Day Traders Day?

Of what significance was that levle might I ask? (meaning 246.09) Added to that there are 2 small news announcements coming out soon. IMO should the trade balance come in higher then forecast, then the house wives might see it as something to off ...

Daily GBP/JPY analysis

Look up DJIA and risk aversion. Those would be the fundies behind it. To sum it up. Players are profit taking while it's hot. And looking to do the same thing we all are. Reset on a dip. So yes it is a retrace

Daily GBP/JPY analysis

I am getting ready to reset DJIA slumped 146. As I see it the housewives will start buying again on dips soon enough and so will I. That's one of the reasons you got this slide. Personally I don't think there is to much enthusiasm behind this slide ...

Daily EUR/JPY analysis

ROFL

Japanese housewives are wrecking the forecasts of big players!

Well I depends on what the minutes say. I am still banking on it going up some more. It will always spike a whipsaw around. Hence the reason most traders stay out until the stop hunting has passed and the "market" takes over. They going to have to ...

Daily GBP/JPY analysis

Just j/k mate I don't play lotto either unless I rig it.

Daily GBP/JPY analysis

You must be psychic, Now give up on FX and pick the lotto numbers for the rest of you life Hehe

Daily GBP/JPY analysis

I used to do this on demo accounts when i first started. Works you just have to be patient I wouldn't do it live though unless you had steel balls. Set a 10pip TP and 75pip SL. Risky but pepper a few of those in the direction of the trend and just ...

Just 10 Pips !!!

Bugger

Daily GBP/JPY analysis

To use my analogy from last weeks news release... It's holding it's breath. Me personally, I wouldn't trust indicators any more then a starving cougar in the passengers seat of my car.

Daily GBP/JPY analysis

Shake and bake! Yeah smells like it does not have to much behind it for now.

Daily GBP/JPY analysis

I still think she is going to go up for now. Not ready for the drop just yet. I am still long from 242.56 and 243.84 not going to close them just yet. Will let them close themselves. ((EDIT)) When I say drop mean the "big one" everyone is waiting ...

Daily GBP/JPY analysis

Not much gonna hapeen till minutes come out. Looks to me like that same thing it did before the BoJ and Fuku news last week.

Daily GBP/JPY analysis

I got profit locked in on multiple orders some from last week. Trailing stops all round just going to let them run till the first correction as I doubt they will survive it and reset my positions at that point.

Daily GBP/JPY analysis

For the longest time I look for the holy grail. I had always used TA but now I slowly weened myself off of relying on TA. Now I am TA free cept for TL and S and R and am loving it. As Jacko said

How long you been at this?

Just looking and JPY crosses now.... I love London open

Daily GBP/JPY analysis

Yes OB and OS mean are nothing more then pretty lines IMO when circumstances such as these arise. The market makers will not suddenly see that they have pushed something into OB and OS and change there direction. How ever profit taking will have an ...

Daily GBP/JPY analysis