Brave Heart of GBP/JPY

Yes i thought so, thats why i get my 4 pips then change direction now i am short @232.65 ....... I see it goes up ........ man, I am at wrong entry each time.

Don't worry - it will come down

Yeah. Looks like it's winding up for that drop. Or maybe I'm just thinking that now. Regardless, I'm starting to get nervous now.

Well, we're range bound so short term strength doesnt really mean anything...I just feel that when you get four bars that share almost identical lows on the daily - then the market gets drawn towards it.

There is a PA reason to be long right now - a 1hr and 4hr pin off the bottom of that range but I feel that it is going to ignore that.

I hope no one is being unduly influenced by what I say. It's just an instinctual feeling.

it's oke the_wizard. someone can think oppositely. if the price are hits strong support for four times, then it wont try again for the fifth times

Tell that to people that shorted euro/dollar just before it broke upwards

if i'm not mistaken, we're talking about gbp/jpy

Same principle though, right?

yes, but open interpretation

Cool down guys. Let's not make predictions, since no one knows the future.

Anyway, moved my SL to +51. I intend to take profits at 233.40 or a bit higher depending on the speed price is travelling. I think I'll consider a short once it reaches that level, although I think I would prefer to turn my computer off by then. I am still a bit worried though. Trying to take it as psychological training. Haha.

Oh yeah, I wonder where Pipskidnapper is.

i don't make prediction. the wizard is good, to have feeling that price would go down and break the support. but i dont know. price is still could going anywhere for me

Yeah, the_wizard is good basing on what I know, a good guy as well, that's why I got nervous(not enough psychological training on my part I suppose? Haha). But in the end, it all boils down to the trader to make his individual trading decisions. And anyway, he's just trying to be helpful.

Hey Canaxis, you have any open positions?

nope, i closed my last deal. now i'm just watching

Wish I was watching as well. Heck, I wish it would hit my TP or SL already that way I can already go relax.

Thanks for the kind words Tondekeman. Please try and not to be influenced by what anyone says. You know I am breaking one of my own important rules by being here in the first place.

My number one rule is when you have a position don't go anywhere near forex factory.

And the number two rule is, when the market is volatile and moving large numbers of pips and I don't know what to do - don't go anywhere near forex factory.

This is a good place but a lot of noise from people doing different things on different time frames which can be very confusing.

I am actually long this from 3276 so I feel bad telling people the opposite to how I am placed. As I said before, the PA (1hr and 4hr) points to an upmove so I took it but as soon as I did I had a bad feeling that the price would turn down. Normally when I trade I am very confident but this time I wanted to be out as soon as I got in.

I don't want to pay too much attention to my gut instinct this time because if you start breaking rules then you are in trouble. My rules and my discipline insist I must stay in until either my stop or my target is hit.

Still, I very much feel this will come down and take out that four bar daily low as I said before.

Wiz

Very good points you raised there Wiz. Especially the one about staying away from ForexFactory. Haha. I don't really stay away from Forexfactory if I have a position open, although the idea did cross my mind before. I think I've already learned my (expensive) lesson regarding trading other people's trades and beliefs. Haha. Anyway, got stopped out at +70. Will see you guys again next week.

Got stopped out... Got 5 pips in profit... Too bad I was greedy when it was up 30 pips... But the pin bar was reliable... You could have made very good money with it..

strangely, we did the same thing the wizard