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Breeze....Update on GBP/JPY

  • #2,821
  • May 4, 2008 5:56pm May 4, 2008 5:56pm
Goodmorning my people.......
  • #2,822
  • May 4, 2008 6:05pm May 4, 2008 6:05pm
Update on New Positions

long
NZD/USD @ 7780
NZD/USD @ 7800

Old Positions
long
NZD/USD @ 7876
NZD/USD @ 7873

long
USD/JPY @ 105.23 X 10


long
GBP/JPY @ 207.61 X 10


Unhedged Poition
211.50
211.55
210.00
210.50
209.00

Note that target on GBP/JPY will be raised to 218.50...but we will protect pips by lockin in profits @ 218pips per trade or as ussual @ 109pips

By the way the FED has no more room for any fyrther rate cuts......note that......says the Market Mater

Now the Market Master has spoken


Breeze
Market Master
  • #2,823
  • May 4, 2008 8:42pm May 4, 2008 8:42pm
Well... I was once an excellent fisherman... they called me the Master Baiter

Quoting Breeze
now the Market Master has spoken....

Breeze
Market Master
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,824
  • May 4, 2008 8:54pm May 4, 2008 8:54pm
Quoting TraderJoe
Well... I was once an excellent fisherman... they called me the Master Baiter
Du yu remember a guy by the name "Bigginner Trader".....
  • #2,825
  • May 4, 2008 9:23pm May 4, 2008 9:23pm
Yes, of course.
Have you heard from him?

Hey stop by for a sec if you're up.


Quoting Breeze
Du yu remember a guy by the name "Bigginner Trader".....
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,826
  • May 4, 2008 9:43pm May 4, 2008 9:43pm
Breeze,

You think we'll be up at 218 ?
Bearish Divergence on the Weekly.
Daily is kinda in a 'limbo', could break either way.

I think if we get a good 4H break of 209.3 area, we'll see a test of 213 for sure, but 217 is the 50.0 retrace from last BIG fall.

You think we're gonna rally enough to run up to 218 ?
What's your target date ?

Just curious.

I think we'll retest 209 and if she doesn't break, we'll see 203 rather quickly.

kj
  • #2,827
  • May 4, 2008 9:47pm May 4, 2008 9:47pm
Whats up Kujo dont trust Breeze trust me on that!
  • #2,828
  • May 4, 2008 10:01pm May 4, 2008 10:01pm
Quoting kujo17
Breeze,

You think we'll be up at 218 ?
Bearish Divergence on the Weekly.
Daily is kinda in a 'limbo', could break either way.

I think if we get a good 4H break of 209.3 area, we'll see a test of 213 for sure, but 217 is the 50.0 retrace from last BIG fall.

You think we're gonna rally enough to run up to 218 ?
What's your target date ?

Just curious.

I think we'll retest 209 and if she doesn't break, we'll see 203 rather quickly.

kj
Hi kujo.......theres a way that I do to calculate target projection.....and the aswer is yes were going to rally....the USD has gained momentum we might make a U-Turn arround 221.00.....and carry is back in play....do see Im still holding my NZD longs.....cause I'm preety confident.....cttch the trend earlier rather than late.....dont forget a great trader is a great trader because of "Moneymanagement"...f you can master this then you'll have zero losses like me this few months.

Breeze
Market Master
  • #2,829
  • May 4, 2008 10:07pm May 4, 2008 10:07pm
Quoting Breeze
Hi kujo.......theres a way that I do to calculate target projection.....and the aswer is yes were going to rally....the USD has gained momentum we might make a U-Turn arround 221.00.....and carry is back in play....do see Im still holding my NZD longs.....cause I'm preety confident.....cttch the trend earlier rather than late.....dont forget a great trader is a great trader because of "Moneymanagement"...f you can master this then you'll have zero losses like me this few months.

Breeze
Market Master
i'm with you on the losses, or lack there of.
I hedge, because of reading your threads way back in January.
So, far, worked out ok.

I do think we'll be going up to your target zone.
Just feel a drop to 203 area will happen first.
Nice zone to load up those rockets for the ride up to 221 huh... ;-)

If not, no biggy. I'm not hell bent on a direction.
Never am. Just trade what my charts tell me.

Going back to work on a tv series, so I'm moving to a 4H/daily strategy now.

Been trading a 5M/15M scalp and 1H strat since Jan 1.

Good to see you still posting away.

The only time I got 'killed' was back when we were in the mid 220's and kept loading up longs and then it tanked...... OUCH.....
  • #2,830
  • May 5, 2008 5:37am May 5, 2008 5:37am
1)can someone higlight to me which post is most valuable learning in this thread.
2)tell me which post breeze teach how to hedge in efficient way?
  • #2,831
  • May 5, 2008 6:17am May 5, 2008 6:17am
Update on New Positions

long
NZD/USD @ 7780
NZD/USD @ 7800

Old Positions
long
NZD/USD @ 7876
NZD/USD @ 7873

long
USD/JPY @ 105.23 X 10


long
GBP/JPY @ 207.61 X 10
GBP/JPY @ 207.13 X 10


Unhedged Poition
211.50
211.55
210.00
210.50
209.00

Note that target on GBP/JPY will be raised to 218.50...but we will protect pips by lockin in profits @ 218pips per trade or as ussual @ 109pips


Breeze
Market Master
  • #2,832
  • May 5, 2008 7:32am May 5, 2008 7:32am
Ni How Breeze and Hello Everyone,

I am a NB, and I've spend all night looking through this post (from begining to today) trying to find the lessons of learning how to "Hedge", "Forex Options & their spread" how to use "Psy Ind." and I can't find them.
Please help.

I did find one post on ADX. Also, please help me on how this thread works. i.e. How often new/updated on positions is posted. Where to set stop loss & profit target. I saw some positions posted have SL and TP but not all. Or does it always set TP at 109 pips based on Breeze's setup. Is this a long term trading until the market take us out or we close our position at specific target? Do we set these as pending order at Breeze's suggested pricce or enter at a favorable price.

I know I'm asking a lot, but I really want to learn. Please help.
Your attention and assistance is highly appreciated.

p.s
Did I said I'm a NB, so forgive me if I sound lost.
Last but not least, THANK YOU Breeze for starting such a wondering threads. People like me, need people like you =)
  • #2,833
  • May 5, 2008 7:46am May 5, 2008 7:46am
Quoting Dvck
Ni How Breeze and Hello Everyone,

I am a NB, and I've spend all night looking through this post (from begining to today) trying to find the lessons of learning how to "Hedge", "Forex Options & their spread" how to use "Psy Ind." and I can't find them.
Please help.

I did find one post on ADX. Also, please help me on how this thread works. i.e. How often new/updated on positions is posted. Where to set stop loss & profit target. I saw some positions posted have SL and TP but not all. Or does it always set TP at 109 pips based on Breeze's setup. Is this a long term trading until the market take us out or we close our position at specific target? Do we set these as pending order at Breeze's suggested pricce or enter at a favorable price.

I know I'm asking a lot, but I really want to learn. Please help.
Your attention and assistance is highly appreciated.

p.s
Did I said I'm a NB, so forgive me if I sound lost.
Last but not least, THANK YOU Breeze for starting such a wondering threads. People like me, need people like you =)
Go to StockCharts. com and search for ADX and Psychological. It gives you explanation and example as to how to use it. In this thread you can find out how Breeze uses it, I believe its on the 2nd thru 4th pages of this thread for an overview.
  • #2,834
  • May 5, 2008 8:11am May 5, 2008 8:11am
Quoting et_phonehome_2
Go to StockCharts. com and search for ADX and Psychological. It gives you explanation and example as to how to use it. In this thread you can find out how Breeze uses it, I believe its on the 2nd thru 4th pages of this thread for an overview.
Thank You et_phonehome_2. I did went thru page 2-4 but still confused. I'll reread them again and hope result better. Thanks again for help help.
  • #2,835
  • Edited 10:19am May 5, 2008 10:02am | Edited 10:19am
Update on New Positions

long
NZD/USD @ 7780...Prfts booked @ 7860
NZD/USD @ 7800

Old Positions
long
NZD/USD @ 7876
NZD/USD @ 7873

long
USD/JPY @ 105.23 X 10


long
GBP/JPY @ 207.61 X 10
GBP/JPY @ 207.13 X 10
GBP/JPY @ 206.65 X 10


Unhedged Poition
211.50
211.55
210.00
210.50
209.00

Note that target on GBP/JPY will be raised to 218.50...but we will protect pips by lockin in profits @ 218pips per trade or as ussual @ 109pips


Breeze
Market Master
  • #2,836
  • May 5, 2008 9:29pm May 5, 2008 9:29pm
Quoting Breeze
Update on New Positions

long
NZD/USD @ 7780...Prfts booked @ 7860
NZD/USD @ 7800

Old Positions
long
NZD/USD @ 7876
NZD/USD @ 7873

long
USD/JPY @ 105.23 X 10


long
GBP/JPY @ 207.61 X 10
GBP/JPY @ 207.13 X 10
GBP/JPY @ 206.65 X 10


Unhedged Poition
211.50
211.55
210.00
210.50
209.00

Note that target on GBP/JPY will be raised to 218.50...but we will protect pips by lockin in profits @ 218pips per trade or as ussual @ 109pips


Breeze
Market Master
i'm still hold long gj at 206.70..
  • #2,837
  • May 5, 2008 11:08pm May 5, 2008 11:08pm
Quoting zam_c61
i'm still hold long gj at 206.70..
good for you.....

morning my people......
  • #2,838
  • May 5, 2008 11:35pm May 5, 2008 11:35pm
Breeze,

Ever trade the GC ?
Moves as much as GJ it seems, but is it as volitile ?
Since the Yen is so attached to the stock markets, will the CHF keep that pair more stable ?

just curious if you've dabbled in it.

kj
  • #2,839
  • Edited May 6, 2008 9:21pm May 5, 2008 11:37pm | Edited May 6, 2008 9:21pm
Update on New Positions

long
NZD/USD @ 7800...Prfts booked @ 7920

Old Positions
long
NZD/USD @ 7876
NZD/USD @ 7873

long
USD/JPY @ 105.23 X 10
USD/JPY @ 104.70 X 30
USD/JPY @ 104.39 X 10


long
GBP/JPY @ 207.61 X 10
GBP/JPY @ 207.13 X 10
GBP/JPY @ 206.70 X 10
GBP/JPY @ 206.00 X 30
GBP/JPY @ 206.40 X 10


Unhedged Poition
211.50
211.55
210.00
210.50
209.00

Note that target on GBP/JPY will be raised to 218.50...but we will protect pips by lockin in profits @ 218pips per trade or as ussual @ 109pips

Now the Market Master has spoken....

Breeze
Market Master
  • #2,840
  • May 5, 2008 11:46pm May 5, 2008 11:46pm
Quoting kujo17
Breeze,

Ever trade the GC ?
Moves as much as GJ it seems, but is it as volitile ?
Since the Yen is so attached to the stock markets, will the CHF keep that pair more stable ?

just curious if you've dabbled in it.

kj
normally when the USD/JPY is in this state its a pull and push between the "Bears" and the "Bulls"....and i bet you USD/JPY is heading back up....make no mistake....theres no way's gonna go down below 103.50.....I have years of studying this pair and lost a fortune on it....time to put those years of experience into play.....Tuesdays are a day when smart traders come into play...lets see what happens

I use to trade GBP/CHF long time ago but lost interest when I discorvered the magic of GBP/JPY.....what I dont like about CHF is it can stay @ one lvl for too long and thus holding the move for GBP/CHF.

Breeze
Market Master
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