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GBPJPY scalpers

  • #2,081
  • Apr 4, 2008 11:17am Apr 4, 2008 11:17am
could u? wish u could..

after this trade i'm out so till next week, happy weekend for all..

http://img150.imageshack.us/img150/5...0420072qq4.gif
  • #2,082
  • Apr 4, 2008 11:24am Apr 4, 2008 11:24am
Quoting DutchTrader
We're definitely seeing 202, after that perhaps some short covering but 200.55 could be in the cards as well
We came to a grinding halt on that support on 202.64 and ther is a hidden bearish divergence in the rsi on the 60 min.

We have to break this zone in order to go any lower.

There is a symmetrical triangle forming on the 5 min that could be a contunuation pattenr
Blogging daily now at www.volume.zone
  • #2,083
  • Apr 4, 2008 11:26am Apr 4, 2008 11:26am
Quoting emda
I have a short scalp from 204.5... with high leverage... that is developing quite well... I was expected to close it at 20 pips only... but I decided to be greedy... and is making my month...
let's see how much more greedy I can be... at least until 38.2 retracement at 202

High leverage ??? using to much account funds by the sound of it.....

That is bad money management , but it seems to have worked for you,

But it is also the kind of behaviour that destroys accounts
Blogging daily now at www.volume.zone
  • #2,084
  • Edited 11:27am Apr 4, 2008 11:26am | Edited 11:27am
Anybody who knows the direction of the weekend gap likely on GJ?
I understand how gaps are caused (huge orders given at the right time to be executed all at once at market open when liquidity is poor), but what I dunno is how the majority (speaking of the big dogs) decides on a direction. Is resistance/retracement breaking or support/break-through pushing the predominant notion?
  • #2,085
  • Apr 4, 2008 11:27am Apr 4, 2008 11:27am
Quoting eye4spot
could u? wish u could..

after this trade i'm out so till next week, happy weekend for all..

http://img150.imageshack.us/img150/5...0420072qq4.gif

nice charting
i refer at TFH4 n i trade at TF30M..
so im looking bounce up n down..
still looking for magician
  • #2,086
  • Apr 4, 2008 11:29am Apr 4, 2008 11:29am
Quoting malcolmb14
Not really been acting to badly. The gj is in a steady uptrend on the 2 hour.

The thing that baffles me is the bearish divergence I am seeing on the rsi and macd.

204.30 is support now , with an upside target of 206.85 if support holds

Todays NFP may send the gj 200 pips in either direction.

Attachment
Divergence that I have been seeing for the last few days played out today
Blogging daily now at www.volume.zone
  • #2,087
  • Apr 4, 2008 11:34am Apr 4, 2008 11:34am
btw, complete daily engulfment, i guess down to daily bb avg at around 200.50
  • #2,088
  • Apr 4, 2008 11:38am Apr 4, 2008 11:38am
Quoting malcolmb14
If you get a chance I would go flat ... take profit .. even only 5 pips

204.55 is R , with the 3 , 4, 5, and 10 min forming sell triggers.

It looks like it is getting set to head back down again .
Malcolmb

Thanks for that tip yesterday on the nzdjpy trade, it saved my a$$ http://www.forexfactory.com/images/icons/icon10.gif

I'm showing resistance at 203.15

Attached Image
All that is left in FF is just plain garbage. "Cloggie"
  • #2,089
  • Apr 4, 2008 11:45am Apr 4, 2008 11:45am
anybody knows daily range for gbp/jpy?
  • #2,090
  • Apr 4, 2008 11:48am Apr 4, 2008 11:48am
waiting for final sell-off in 12min… hopefully a breakout down…
  • #2,091
  • Apr 4, 2008 12:00pm Apr 4, 2008 12:00pm
well... now what we see?


happy weekend for all.
  • #2,092
  • Apr 4, 2008 12:02pm Apr 4, 2008 12:02pm
ack~arg - forget - a selloff from short is necessarily a buy-back.

has anybody got an idea about the weekend gap we can expect?
  • #2,093
  • Apr 4, 2008 12:03pm Apr 4, 2008 12:03pm
Quoting eye4spot
well... now what we see?


happy weekend for all.
It wasn't a big move considering how long and tightly it was consolidating. I question whether the 20 pips up move will hold or was just a bull trap spike.
  • #2,094
  • Apr 4, 2008 12:06pm Apr 4, 2008 12:06pm
Quoting thegunslinger
It wasn't a big move considering how long and tightly it was consolidating. I question whether the 20 pips up move will hold or was just a bull trap spike.
good point.. but the legend say :

break THEN test then enter..so

or i might be wrong.. not so nice..
  • #2,095
  • Apr 4, 2008 12:11pm Apr 4, 2008 12:11pm
Quoting eye4spot
anybody knows daily range for gbp/jpy?
Currently 300 pips.
Prev 10 days range 304 pips.
Prev 20 days range 383 pips.
  • #2,096
  • Apr 4, 2008 12:20pm Apr 4, 2008 12:20pm
Hey Malcolmb,
What's the latest on your room...thinking the beginning or end of next week?
  • #2,097
  • Apr 4, 2008 12:30pm Apr 4, 2008 12:30pm
not a pleasent view.. up down up down.. somebody's messing us around..

i'm out!
  • #2,098
  • Apr 4, 2008 12:35pm Apr 4, 2008 12:35pm
Here's a cowboy trade call from me myself. Go short at 203.35, TP at 203. Trade it at your own risk lol.

EDIT: wasnt supposed to be a quote.
  • #2,099
  • Apr 4, 2008 12:37pm Apr 4, 2008 12:37pm
Quoting cotoho
Hey Malcolmb,
What's the latest on your room...thinking the beginning or end of next week?

i think room up by April 14
Blogging daily now at www.volume.zone
  • #2,100
  • Apr 4, 2008 12:42pm Apr 4, 2008 12:42pm
Quoting malcolmb14
High leverage ??? using to much account funds by the sound of it.....

That is bad money management , but it seems to have worked for you,

But it is also the kind of behaviour that destroys accounts
I know.. I guess I was lucky... it was the correct leverage for a 20 pips target... the thing is that it went so fast from my target to my target plus 40 pips more.. that I decided to set the sl to +20 pips... and let it go... it is still there.. untouched... +127 pips now... more than 100 pips more than the current scalp target... I know I should close it.. but if the price goes up again and it closes at +20 I'll be happy also.
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