Malaysia

Quoting tkh33

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I think it will break when london open

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Quoting jackojacko

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yea.. but it's been testing it for quite long to decide whether to breach it or not dy. come on down GU down

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Quoting jacob

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Hi Savant, may I know what is ur SL ? Thx

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Quoting savant

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I consider that as scalping where i will usually put 60pips SL fr the entry price on GJ. So its like u make around 150-200 pips and to risk 60pips. Worth it or not ,its up to u. If you make a good entry, it wont even hit +20pips SL, but there is no perfect entry so to be safe, 50-80 pips SL will be fine as long you wanna make like 150pips. Only suitable for volatile currency like GJ. Good Luck!

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Quoting ff.alexyong

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Hi,thanks for the info. I am trading GJ also. Short at 215.25 few hours ago and hopefully the price drop till 213....

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Quoting Zul

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GBP/JPY Intraday London session
1st sup.
214.56
2nd sup.
214.09
3rd sup.
213.58
1st res.
216.63
2nd res.
217.72
3rd res.
220.70


Trend following strategy can be considered for short positions on fail of initial resistances around 216.63 with targets at 214.56 and 214.08 in extension.

Alternative scenario, above 217.72 may consider early stages of trend reversal and look for further upside with 220.70 as targets.

Comment: The 30 minutes chart RSI is on the upside, the pair is challenging its short term declining trend line.

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Quoting savant

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Hey , nice to c more ppl on GJ, dangerous currency, give ppl heart attack, try not to trade GJ on news day. There is always tomorrow.... (btw which is correct? there are or there is?) Plz correct me if im wrong... im chinese educated...

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Quoting ff.alexyong

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Hi Savant, in fact, i started trading since last year November, lost quite a bit (in fact it is quote a big lump sum). On going finding my own strategy to deal with this pair as this pair can either really make you rich or down pour like hell. But i am the kind of person always challenge the most difficult part. Find tuning my strategy that i learned from FF and create my own style of trading.
Frankly, after few month notice of trading, most of my loss (about 95%) is not on the trend that i loss, it is yourself. When trend go against me, i always wanted to wish the trend comes back and never put a stop. But when the trend go favor on my way, i always exit with very minimum pips as some voice come to my ear that the trend wont last long and tempted to quit fast.
Therefore, i have to find a solution, not to how to trade with trends but is how i can remove my fears.

Anyway, just to share some comments on my trading. Hehe!!

Cheers!

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Quoting forex888

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Yes you can trade this exotic pair, BUT just go LONG & SMALL LOT. Hold the position for 1 year then you will get the profit.

If you want trade scalper, please prepare yourself with all the best indicators.

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