GBP/JPY Equity Building Profitable trading strategies
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BP seems to be down for now. I don't know who all is here.
211.72 seems to be significant, if we can hold above this level and so far we are staying right above it, we should be able to get another leg up.
Overnight I again am not expecting any big moves down.
And last nights levels probably hold tonight, I posted a 12M chart
in the old thread. We are breaking below 211.72 now anywhere is a great place to get long 211.50 211.40 211.30 211.20/00, however cheap you can get them the better I think. I expect to easily break above 212.50 before week end and expect 212.50 to hold as support.
Get long here at 211.70, a bottom
It should be good for a ride up to 212.50 where it will bounce off and everyone will go short, but it could break 212.50 then lookout.
the 6M chart GJ
It will be interesting to see what Asia brings
But we may not see much wide movements until the GErmans stat trading at 1am EDT. I'll hang out ofr a bit but if its slow I am getting some rest before
frankfurt & london open.
and the 12M GJ
ST trend line support at 211.40
That would be another good place to get some more long
GJ is now paying 6 cents interest on a 1K lot
So I am ok with holding them and collecting interest for a bit until they hit my tp targets. I still have not really set any higher targets than 21-31 pips.
I am a scalper and whatever I am holding at the end of the day is OK because I am only long GJ never short.
Elijah is back?
I am Elijah
How did you know it was me?
And dont tell me my photo gave me away!
That is a dog not an alpaca!
As in goochland bulldogs, but I stole that dog from my friend, I think he used to go to a HS that had that has their team mascott.
already retreating some
That wasn't much of an up move. We are holding right around 211.72 that has become a popular price. I'm off.
nope no blowouts only profits
The trades have been buying us food and gas
She is there now, Trend line support
She seems to be holding, im getting some rest waiting for frankfurt to open
Right behind you
Hi, I'm a different kind of star elsewhere, but it is me.
She's struggling here in the mid-211's. I thought she was on her way back up, but has dropped again .. as you would say, another chance to get more longs
In a nice dip
I think here is a good spot to get some more long. London coming in now
23.6% fib at 210.40
Hope you didnt scale down to close and get TMTH.
Im going to get a few more winks.
wow that was wild
we are almost back to the 0 fib on the MT fibs I had. 0 is at the double bottom on july 1 at 930am EDT @ 210.01/03.
We have dropped into some down channels possibly, it looks like.
I dont see what caused all that retrace down last night.
But she is heading back up, this is what she does RUns down HARD and fast then runs back up.
I hope no one has TMTH. Patience is key. SO I caught a few more zzzz's
after putting my orders in. Sometimes when it is moving down like that the best thing to do is widely space your orders going down then go away and dont watch.
I can tell you if you wisely loaded up all the way downan decent spacing you will earn good interest and pips as she runs back up this week.
The bears had a party last night as they got ate up the night before I guess,
so they all united and got together, everyone in the "club".
But they cannot hold her down for long she has already started the climb back up.
Many times I would set my orders at frankfurt/london open, then get some more rest until 5Am or so and wake up to lots of pips and green orders.
wow she shot back up above 211.50 already!
Well I m off to fix stuff today. Should have bought some at 210.20!
That was a nice 130 pips in a matter of hours.
She runs down fast and bounces back up...it is what she does!
Is still my target for the week, I say we are back in the groove now.
Alll previosu levels still apply, fibs at 212.15 which we broke before and bounced off of 212.50. We will test 212.50 again very soon. I epxect to bounce off again before blowing through on the third try.
But this latest run down by the bears right out of frankfurt may have put even mopre pressure upwards and we may blow through 212.50 this time instead of bouncing off, but for now count on bouncing off again, retracing down then running back up AND BLOWING THROUGH 212.50.
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