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Daily GBP/JPY analysis

  • #8,681
  • Jul 20, 2007 1:10pm Jul 20, 2007 1:10pm
short 8 lots @ 248.98
SL @ 250.36
TP 1@ 247.90
T.P 2@ 245.65
  • #8,682
  • Jul 20, 2007 1:13pm Jul 20, 2007 1:13pm
Quoting MKTrader
Hi,

Yes i know and i'm sorry
But i'm a long-term trader so i post to late.
Actually when i confirmation main trend on GJ i open several positions in diferrent time, i open new position when my current position(last position) is +100 pips also i protect first +50 pips per position(move s/l).


Thank you.
Can you please post your insights from time to time
please man

you are the only one whose know this pair in this forum

I closed my longs at 250.40 but I miss this short but shorted E/J @ 168.57 aiming for 168.37 and ONLY by luck after opened the position my phone ring so I don't place the stops and I went to the call and after the call I make some coffee and when returned I found it 167.4x LOL

by the sheer luck

so plz MK

even if you're long term trader, try to post you charts and your views from time to time

god bless you
  • #8,683
  • Jul 20, 2007 1:13pm Jul 20, 2007 1:13pm
Quoting auslanco
I guess it's BR Vs me
Hi Auslanco,

I would be very nervous if I short the pair now because it is very moody. It may go back to 251-254-300 and I get stuck paying interest....while waiting for it to go down ...I may even blow my account before even seeing it go down again...

Wishing you the best,

BR
  • #8,684
  • Jul 20, 2007 1:18pm Jul 20, 2007 1:18pm
Quoting auslanco
short 8 lots @ 248.98
SL @ 250.36
TP 1@ 247.90
T.P 2@ 245.65
Short now?

when i tell people short from 250.75. every one ignore my post. now i think it's a good time to go long

Quoting chaoz
This Cursed Pair will never fall

Short from 250.75 sl 251. who cares if i lost some money
lucky i don't put my SL . long from 248.85 now
  • #8,685
  • Jul 20, 2007 1:22pm Jul 20, 2007 1:22pm
Thanks BR. I have to go short according to my indicators. I had a winning run of 17 trades and I lost the last one . That was the only time I didnt respond to my indicators. My indicators said stay away but I went with the flow with this thread members.
  • #8,686
  • Jul 20, 2007 1:22pm Jul 20, 2007 1:22pm
Quoting auslanco
short 8 lots @ 248.98
SL @ 250.36
TP 1@ 247.90
T.P 2@ 245.65
Oh, I see you put large SL. Very good!

I just put buy orders at 247, 246, 245.55, 244. Hope to get it next week!

Happy Trading! BR
  • #8,687
  • Jul 20, 2007 1:31pm Jul 20, 2007 1:31pm
I'm cocked and loaded on LONGS already. Dont have to tell me twice!!!

And even if it goes further down I have enough margin to withstand another 300 pip drop on G/Y before having to put more money into account to avoid margin call.
  • #8,688
  • Jul 20, 2007 1:35pm Jul 20, 2007 1:35pm
I'm long from 248.90
Craazy
  • #8,689
  • Jul 20, 2007 1:38pm Jul 20, 2007 1:38pm
Quoting bluerose
Oh, I see you put large SL. Very good!

I just put buy orders at 247, 246, 245.55, 244. Hope to get it next week!

Happy Trading! BR
Good thinking BR... In the long run it's bullish.. But this is going to be a major correction... just my idea.
  • #8,690
  • Jul 20, 2007 1:38pm Jul 20, 2007 1:38pm

I'm also long at 248.9, but i wouldn't rule out a 200-300 pips more on the downside. Especially on this pair.

  • #8,691
  • Jul 20, 2007 1:41pm Jul 20, 2007 1:41pm
Quoting newjersey24
I'm cocked and loaded on LONGS already. Dont have to tell me twice!!!

And even if it goes further down I have enough margin to withstand another 300 pip drop on G/Y before having to put more money into account to avoid margin call.
Ifyou only can handle 300 DD dont you think you over leverage?. If you are trading GJ pair you should keep space for atleat for 500 pips... if you are a swinger
  • #8,692
  • Jul 20, 2007 1:54pm Jul 20, 2007 1:54pm
Quoting auslanco
Ifyou only can handle 300 DD dont you think you over leverage?. If you are trading GJ pair you should keep space for atleat for 500 pips... if you are a swinger
:surprised

please explain!!
  • #8,693
  • Jul 20, 2007 1:56pm Jul 20, 2007 1:56pm
Nah, 300 pip without a problem. Technically, can handle more, roughly 450 or so. Plus have funds in case it continue to go down we can replinish account in matter of a couple hours.

Thanks for question


Quoting auslanco
Ifyou only can handle 300 DD dont you think you over leverage?. If you are trading GJ pair you should keep space for atleat for 500 pips... if you are a swinger
  • #8,694
  • Jul 20, 2007 2:07pm Jul 20, 2007 2:07pm
Quoting auslanco
Thanks BR. I have to go short according to my indicators. I had a winning run of 17 trades and I lost the last one . That was the only time I didnt respond to my indicators. My indicators said stay away but I went with the flow with this thread members.
Auslanco,
I don't recall seeing your indicators listed in any of your previous posts. Care to share them?
  • #8,695
  • Jul 20, 2007 2:10pm Jul 20, 2007 2:10pm
Quoting benssol
Can you please post your insights from time to time
please man

you are the only one whose know this pair in this forum

I closed my longs at 250.40 but I miss this short but shorted E/J @ 168.57 aiming for 168.37 and ONLY by luck after opened the position my phone ring so I don't place the stops and I went to the call and after the call I make some coffee and when returned I found it 167.4x LOL

by the sheer luck

so plz MK

even if you're long term trader, try to post you charts and your views from time to time

god bless you

Thank you for intersting my posts.
Ok, I'll share in this thread...


Good luck and have great weekend
With Regards, MKTrader Not Risk Not Gain!
  • #8,696
  • Edited 3:02pm Jul 20, 2007 2:49pm | Edited 3:02pm
Quoting chaoz
Short now?

when i tell people short from 250.75. every one ignore my post. now i think it's a good time to go long



lucky i don't put my SL . long from 248.85 now
Congratulations! it takes guts to do so! The pair was so bullish. It is scary buying at that price, let alone shorting it. I was actually expecting a drop big time seeing its behaviour the last several days. We will know if this is a major or minor retracement by close observations of its movement in the coming days..If it go down, one has chance to load up more regards, BR.
  • #8,697
  • Jul 20, 2007 3:14pm Jul 20, 2007 3:14pm
Quoting bluerose
Congratulations! it takes guts to do so! The pair was so bullish. It is scary buying at that price, let alone shorting it. I was actually expecting a drop big time seeing its behaviour the last several days. We will know if this is a major or minor retracement by close observations of its movement in the coming days..If it go down, one has chance to load up more regards, BR.
I see that too. several attempt to break support failed and i don't see reasonn it can go upmore before it make a correction. so i keep shorting. my plan was for swing trade only. who knows it drop 200 pips
  • #8,698
  • Jul 20, 2007 6:13pm Jul 20, 2007 6:13pm
hi..

I was also long g/y and it was looking ok at my bedtime,,,so what did the damn US traders do to cause that drop.....Just another crazy Friday..
  • #8,699
  • Jul 20, 2007 6:41pm Jul 20, 2007 6:41pm
Plofit taking. Any news coming out next week that could send things south? It's about all I reckon the drop was. If there is no news coming that would dampen the japs risk appetite then the Kiwi rate decision could kick it in too a feeding frenzy and we just might see this wee little beasty bounce back like a rubber ball.

Should they drop rates though. I we would be watching for a remake of the movie titanic staring the crosses as the ship.

My 2 yen
  • #8,700
  • Jul 20, 2007 6:49pm Jul 20, 2007 6:49pm
hi..

Thanks for that Sniper....I thought someone may have said something later in the US session...

Its days like this that makes trading difficult...
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