Breeze....Update on GBP/JPY

Quoting TraderJoe

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Howdy!

Dear Breeze,

I hope this day finds you feeling spiffy and well!

I have question for you if you would.

What method do you use to guage the direction of the Short to Medium term trend? 0

For instance... you just changed your forcast from 230 - 231 to 233 area, how did you make this determination? 1

Is this something that can be "black box" explained...?... or is it an abstract matter of your experience and trading style which can not be taught in a direct manner. 2

This seems to me to be such a pointed and necessary question because....
As long as we're on the correct side of the larger trend, then even though our short term trades may be temporaily wrong we don't need to freak out (hedging too soon) when going into deeper water. Understand? 3

Appreciativly... N

TJ

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Quoting fish2007

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Breeze,

Sorry for shooting you all these questions but I am assuming for those who can't handle extensive drawdowns we would use hedging based upon your strategy. Remember we don't have investors to fund our accounts. Looking for your response on how you came out with those new projections. Take your time. No rush. I plan to hedge as outline by Trader Joe in the earlier posts.

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Quoting Breeze

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You sound sad.....1st you need to apply patience X 3...theres no easy road to success....and make sure your account postion can handle the drawdoun.....these 2 facts are very important = Money management.

not sad bro, lol. but instead of telling us where the market is going how about explaining why the market is going their. kind of like the "give a man a fish.......but teach him how to fish" philosophy. i know how to trade but if a newbie were to follow you blindly and you left or something happened to you God forbid) then what would that person do?

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Quoting Breeze

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bruce....good to see you arround...i'll be back tomorrow to count my Treasure.
Breeze

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Quoting HnP

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What positions are you holding rite now....I'm BLEEDING

Breeze

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Quoting moneymagnet

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....you make it sound very easy....where to start....uhmmm...you want me to tell you why the market(price action) will go to that certain price.....I use a very old style apply some new method there and there....but....like you said you're still new....i suggest you go to babypips.com you might as well get some good tips from them....

Draw trendlines.....and add Pivots and Fibs and there you go for a good start

Breeze

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Quoting Breeze

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Mee toooooooo..... in red...... argh....
What ever, thank uncle Breeze for sharing your idea.....

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Quoting Breeze

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long @

228.00................active
228.22................active
228.50................active
229.00................active
228.40 X 5...........active
227.50.................active
227.80.................active
226.40.................active
226.80.................active
227.00.................waiting activation

lets see if we can get good interst for this week....target projection @ 231.00-233.00

NB......will hedge all @ 226.00
Profitable trading
Breeze

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Quoting Breeze

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Ok.....for "0".....use the ADX and RSI.....should all point the same direction.

for "1"2"3".............use the Psychological lvl/ADX/RSI and Pivots on a weekly and daily time frame.....Draw trendlines that will guide you to the next target.....however news may cause distraction and uncertaintees......do not panic hold the position until you see a recorvery on the Psychological lvl....Hedge only if the Psychological lvl breaks below 40%-30%.....also use the RSI even though it might lack behind price action you will need it when times are bad.....

for the medium trend projection use the 4hrs time frame ....draw trendlines add Psycho line/ADX/RSI/Pivots/Momentum (14)

Use a 15m time frame to enter the market

What positions are you holding rite now....I'm BLEEDING

Breeze

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Quoting Breeze

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long @

228.00................active
228.22................active
228.50................active
229.00................active
228.40 X 5...........active
227.50.................active
227.80.................active
226.40.................active
226.80.................waiting activation
227.00.................waiting activation

lets see if we can get good interst for this week....target projection @ 231.00-233.00

NB......will hedge all @ 226.00
Profitable trading
Breeze

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Quoting Breeze

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bro i think you missed the part where i said i know how to trade. not a newbie. looks like you have a lot on your plate. i wish you much success. glad to see you answering some of the other questions.

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