Looks like the 30 min opened the same as the last, but the 4 Hour opened up from the 61 last to 84 on this candle + 23 pips higher.
I will be monitoring this after 8:30am EST, I am going to take my daily sleep here.
Good Trades to all!
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
GBP/JPY, GBP/USD, and EUR/USD (technical analysis) 3,084 replies
Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies
Adwa Daily GBP/JPY analysis 23 replies
DislikedI have been following this thread with interest and agree that all the (H4) indicators are bearish.Ignored
DislikedYou should only ever trade with funds that you can afford to loose and IMO the GBPJPY is NOT the pair for a beginner - try the EURUSD first before moving on to the more volatile and dangerous pairs.
These links might help:
http://www.forexfactory.com/showthre...=27286&page=30
and....http://www.forexfactory.com/showthread.php?t=22680
Good luck.Ignored
DislikedI dont know about the H4 indicators, but the Daily chart points clearly up. Betting against the longer time frames is tricky. Plus you got a very heavy swap hit shorting GBPJPY.Ignored
DislikedAs i see it we have the hourly CCi bouncing off the -100 line, until we break that level we cannot go down.The top end bounce on the CCI incidentally is 0 and that coincidentally is where the upper limit restriction is at present.Ignored
Dislikedso if you guys have any advice that would be great especially when it concerns scalping.Ignored
DislikedI am long from 248.92 on the 5 min chart
I know that 5 min is crazy talk but it is exciting at the same timeIgnored
Dislikedi've tried trading those pairs before when i starting out and it really got me bored. so i looked around for a more volatile pair... against what most people have told me, i traded it anyway. I have more winning trades on this actually. I think my problem is money management. In the 5th day, i lose all my profits and then some from the 4 day winning trades.
for the most part my style of trading with gbp/jpy is scalping or day trading.
I don't nkow... i just don't want to give up on this one. I'm not one for quitting so easily.
so if you guys have any advice that would be great especially when it concerns scalping.
oh, monarch, i read that you scalp this pair when it ranges.... can you share how you do that?Ignored
DislikedBeing very inexperienced in this business I feel a bit intimidated in the company of all these experienced traders but I don't understand why the 4H trend is thought to be DOWN. If I put 1 100ma on my 4H chart it is sloping diagonally upwards from left to right. What is it I don't understand please ?
Thanks.Ignored
DislikedBeing very inexperienced in this business I feel a bit intimidated in the company of all these experienced traders but I don't understand why the 4H trend is thought to be DOWN. If I put 1 100ma on my 4H chart it is sloping diagonally upwards from left to right. What is it I don't understand please ?
Thanks.Ignored
DislikedYou have correctly observed what several others have seen over several hours but the current expert and shortists in the group have worked hard to argue that this is not the case. They have not been gentle about it and they will now be squirming at the current upward price movement (and which is why I currently have a smile on my face).
The long and short of it (get the joke?) is that it doesnt matter whether it goes up or down as long as you are quick enough to open and close your trades and have decent indicators (like Islander but moreso the regulars in this forum who currently seem to be hiding from the bs merchant).
Over the past 5 hours I have been long four times and short once. Four wins one loss for a nice profit. I use EMA 8, 12, 24, 72, CCI and stochastic indicators. Lining them all up before a trade works well for me as long as I am careful and patient.
May your trades be kind to you. I go shopping now for something to buy/sell.Ignored
DislikedYou have correctly observed what several others have seen over several hours but the current expert and shortists in this forum who currently seem to be hiding from the bs merchant).
May your trades be kind to you. I go shopping now for something to buy/sell.Ignored