gbpjpy
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USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedDoes that mean I only have to go with the trend direction when there is no news?Ignored
Disliked{quote} For me.. I see UJ being in silent thief mode. That is what I call it when it slowly creeps in a direction with small pull backs trapping counter trenders. Also we tested the 160 mark with a nice wick then formed a nice ABC to the downside. This in a trend usually marks price consolidating for more of a move in the initial direction. I could be wrong, but what I see is price retesting that 160 level. Confluence is the current retracement hitting the 38 degree mark and the 161 being right where that 160 hit. Trade small until you get confirmation...Ignored
DislikedLooks like 160 is not the limit. The trend is steady and reaching new records.Ignored
Disliked{quote} Another week has passed and amazingly the swing is hanging in there with two open positions...just! So we have a weak weekly spinning top which has a HH and HL than last weeks bull candle, so its not looking good. Nevertheless, at least now we can draw a strict trend line and set both SLs of both positions to 156.82. Will it hold? to be honest I am doubtful. But hey, its forex right!? Stranger things have happened {image}Ignored
Disliked{quote} So that's it, the experiment is over as we have been stopped out. Both positions equaled a net zero result, but with the attempt to add several times plus the swaps, the experiment actually cost money. But I enjoyed the process. The idea was clean, but fundamentally it was a long shot. What did I learn? If I was to attempt a weekly swing attempt again, I would choose a pair that would pay out a positive swap rate, even if the end result was to be stopped out. {image}Ignored
Disliked{quote} Hi Kon, just curious, do you pay any attention to the USDX?{image}Ignored