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GBPJPY scalpers

  • #1,101
  • Mar 26, 2008 9:58pm Mar 26, 2008 9:58pm
MB trading is decent but the commissions do add up. Have you ever considered fixed spreads ( I know, I know ) but GFT's platform charges a fixed 8 pip spread and last week when the markets were wild, MB had spreads of 20+ pips! No change or surprise with GFT.

Another thing you should know is that by June of this year, Questradefx.com has informed me that they plan to emulate MB's trading platform with a real ECN platform and miniscule spreads. THe nice thing about Questrade is that your funds are protected up to $1 million ( I think ) so we can all sleep at night..

Al
  • #1,102
  • Mar 26, 2008 10:15pm Mar 26, 2008 10:15pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Still holding 2 shorts from 199.25 and 199.36. Already banked 2 other ones for profit. Moved stop so they're breakeven, so completely stress free for me. The 4 hr evening star looks pretty impressive to me. All I need is some Yen power and GBP weakening or maintain status quo and I should bank some nice pips. (Keeping fingers crossed).
"Wishful thinking dies hard." Igor T.
  • #1,103
  • Mar 26, 2008 10:20pm Mar 26, 2008 10:20pm
Nice work- "she's' definetly in a squeeze around the 198.00 level. When it does break it should be explosive!
Trade what you see - Not what you think
  • #1,104
  • Mar 26, 2008 10:35pm Mar 26, 2008 10:35pm
Quoting malcolmb14
I do use that , but mostly esignal
I have esignal too, advanced get charts and the new one esignals forex charts. Accucharts is what I get from FXSOL. Wierd. Does accucharts use an esignal feed? I think lots of ppl rely on esignal.

Elijah
  • #1,105
  • Mar 26, 2008 10:40pm Mar 26, 2008 10:40pm
Quoting mktjong
mann .. you are funny
Btw, with 5k account playing with one standard lot is 20% of your capital. It is a very risky MM ratio, not to mention playing this wild pair. Might consider to limit to 10% max ?
Yes yes. I am trading minilots heh! Otherwise I never could stomache 100 pip moves down and still hold on to my longs.

I am thinking short and everyone is saying long now (laugh)
But I am long atm. And dang it is holding tight onto 198.
  • #1,106
  • Mar 26, 2008 10:51pm Mar 26, 2008 10:51pm
What is esignal??
  • #1,107
  • Mar 26, 2008 10:56pm Mar 26, 2008 10:56pm
Quoting sharon_gpl
What is esignal??
It's a data feed provider company -> www.esignal.com
(Charts included)
  • #1,108
  • Mar 26, 2008 11:13pm Mar 26, 2008 11:13pm
good call malcom
  • #1,109
  • Mar 26, 2008 11:40pm Mar 26, 2008 11:40pm
thanks mktjong
  • #1,110
  • Edited Mar 27, 2008 1:40am Mar 26, 2008 11:50pm | Edited Mar 27, 2008 1:40am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Do we have a triangle continuation pattern (well potential continuation) with hidden divergence being formed in below 15 min chart?

Will most likely take a short off the top of the triangle with a tight stop. It's also the backside of a 4 hr uptrend line that had been holding.

(Edit) - In like Flynn. Let's see what happens. Entry at 198.54, SL 198.89, TP 197.80. Another entry moved to break even when in profit and let run. Fingers still crossed.

And stopped out on that one. Oh well. Still have my other 2 going. I hope my stop wasn't just hunted.
Attached Image (click to enlarge)
Click to Enlarge Name: march 27th 15 min.gif Size: 32 KB
"Wishful thinking dies hard." Igor T.
  • #1,111
  • Mar 27, 2008 3:03am Mar 27, 2008 3:03am
Quoting mktjong
It's a data feed provider company -> www.esignal.com
(Charts included)
OK, set the trailing stop and going back to bed,
the pips are flying up like MAD
  • #1,112
  • Mar 27, 2008 4:06am Mar 27, 2008 4:06am
Looks like heavy resistance area....if it can break that...she is gone

don't know if she has it in her...
  • #1,113
  • Mar 27, 2008 4:12am Mar 27, 2008 4:12am
Quoting dk143wvc
Looks like heavy resistance area....if it can break that...she is gone

don't know if she has it in her...

You mean to get to 201? doesnt look like its coming down soon!
  • #1,114
  • Mar 27, 2008 4:34am Mar 27, 2008 4:34am
good pips today in GJ )) I am out though now looking to get in long again.
We will have to totally reasses the situation in GJ at this point.
That was one fast move up this morning!

And just got long on some EUR/USD at 157.49...should be good for 100 pips up today. I need some easy pips today I hate to revert back to EUR/USD.
Already pulled 20 pip Trailing stop up to a 2 pip profit.

The coffee is brewing and soon the Sun will be coming up over the horizon.

Forget the bed, it is highly overrated, especially if Momma is sleeping!
  • #1,115
  • Mar 27, 2008 4:39am Mar 27, 2008 4:39am
Quoting malcolmb14
Al

I am with you if this 20 min chart plays out , long trigger bar high 198.32 , say 198.60 for entry

Upside targets 199.11 , 199.5 , 200

It could take a few hours for this trade to play out. , sometimes these 20 min trigger take time to get filled

Attachment

Hit upper targets in chart 200.5 ....seems to be topping on 15 min
Blogging daily now at www.volume.zone
  • #1,116
  • Mar 27, 2008 5:07am Mar 27, 2008 5:07am
I got back in long at the current levels. 200 should hold and today we will get another huge leg up in GJ.

I haven't run any Fibs but she should be able to bust through 201 and test 202 before week end.

I sqr'd those EUR/USD's scalped them for quite a few pips and am back in LONG GJ.

Elijah
  • #1,117
  • Edited 6:01am Mar 27, 2008 5:28am | Edited 6:01am
200,59 R1 & a Bat & upper line of 4h channel is broken
Attached Image
  • #1,118
  • Mar 27, 2008 6:03am Mar 27, 2008 6:03am
I am short now at 200.75
I do not think she can push her way through 201.
The Resistance is huge and a correction is due on this mad run up.

Elijah
  • #1,119
  • Mar 27, 2008 6:15am Mar 27, 2008 6:15am
Quoting rrram2
I am short now at 200.75
I do not think she can push her way through 201.
The Resistance is huge and a correction is due on this mad run up.

Elijah
I am actually removing my mental block slowly but surely about ging short on the GJ beast!

Elijah
  • #1,120
  • Mar 27, 2008 6:45am Mar 27, 2008 6:45am
Quoting naatha
200,59 R1 & a Bat & upper line of 4h channel is broken
I have this triangel in H4 which is not broken yet.
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 27 KB
Failure, is a wonderful teacher!
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