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Breeze....Update on GBP/JPY

  • #2,881
  • May 8, 2008 1:43am May 8, 2008 1:43am
to be very honest, what breeze gives are not calls and it does not involve great deal of analysis or anything of that sort...its just based on the theory that pairs with high interest rate difference should go up eventually...this style of trading requires huge amount of account balance and would work only for very few people....

if u had that kind of huge balance, u need not even follow this thread...just keep buying such pairs for every 50 pip fall and u will make money eventually...no rocket science this...
  • #2,882
  • May 8, 2008 3:10am May 8, 2008 3:10am
Well.. close but not quite.

Breeze knows very well that geppy will be going up again soon. He is positive it is not in a long or even medium downtrend. Short term it has turned down but it can't last for long. As far as the HUGE account everyone is talking about, I don't know what Breeze has but I do know that you don't need a HUGE account to trade like this. Just proper money management is all you need. What do I mean? Well just like Syafi has been saying, if you simply use the correct lot sizes according to your account size, you could trade like B does on a 1k account. Remember, everytime you double our lot size, you risk a downdraw 4x the previous one. The trouble is most people want it all right now and greed gets the best of them so they over leverage and lose by gettine a margin call.

The people that have been trading for years know this very well and most have (hopefully) learned not to let greed get the best of them any more but IT'S VERY HARD not to tend toward it still. Dicipline is key to the success of this game and without it you will loose. This is why emotions must be controlled too because with high emotions, dicipline goes out the window.

TraderJoe

Quoting ns_karthik77
to be very honest, what breeze gives are not calls and it does not involve great deal of analysis or anything of that sort...its just based on the theory that pairs with high interest rate difference should go up eventually...this style of trading requires huge amount of account balance and would work only for very few people....

if u had that kind of huge balance, u need not even follow this thread...just keep buying such pairs for every 50 pip fall and u will make money eventually...no rocket science this...
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,883
  • May 8, 2008 3:54am May 8, 2008 3:54am
Quoting Breeze
I'll be on high alert.....just incase I have to hedge.
Well I was pretty sure of that high back on 18th of April. It did manage to break on friday by just a few pips and I was right there to short it.

Michael R (5/6/2008 11:21:15 PM): I'm off to bed, low could be in there, at 560, everything uptil 4hr,
Michael R (5/7/2008 2:11:46 PM): thinking price will be up for awhile now
Michael R (5/7/2008 2:11:53 PM): price is at 206.29
Michael R (5/7/2008 2:12:21 PM): I think the high that is produced later today will be worth selling
Michael R (5/7/2008 2:18:06 PM): if 551 breaks I think the sellers are back in
Michael R (5/7/2008 4:34:35 PM): well so far it has risen to 682 from the low
Michael R (5/7/2008 11:08:20 PM): still favouring shorts if the high holds out
Michael R (5/7/2008 11:08:49 PM): confirmation below 551
Michael R (5/7/2008 11:09:41 PM): the shorts should not make a low until tomorrow at least but preferably into friday
Michael R (5/7/2008 11:10:11 PM): that was what I thought on the weekend and it is still looking slightly that way

These are from my private chat of just afew this week. You can see I was long for a period of time on 4hr charts, then changed back to shorts. It was my 8hr,12hr and daily charts confirming this short. Only 3min upto 4hr giving the long at the start of the week.
Again, if you could study time cycles and be able to hedge when the 8hr and greater charts are in, then you would not be holding as many red pips.
This is now the earliest that this low could come, but I don't believe it is yet. Since this is a major on my charts(also a weekly down cycle), we would need to see higher than 209.03 for me to believe it is up, Looking around the 18th of May + - a couple of days for the low. The fact is it could turn up from here, but not what I am favouring. Look for a low in Gold around the same date.
  • #2,884
  • Edited 4:26am May 8, 2008 4:03am | Edited 4:26am
Awesome compilation, thank you for this it really helps alot.

My charts show support on the Daily at 204.73, 204,71, 204.38, 204.14,203.77, 203.32 and finally 202.35.

The 4Hour is 203.44 and 203.33
1Hr support at 203.44 and 203.33
Strong weekly support at the same levels.

Daily Resistance is at 204.59 and 208.98
4Hr Resistance at 208.57 and 208.98
1Hr Resistance at 204.80, 205.49, 206.90, 207.86 and 208.98

So I'd say if 203.32 and 44 hold the next level should be 204.49

We are currently in short term uptrend mode but we need to break 204.73 to continue.
beak downward of 203.32 puts us back in a downtrend.






Quoting svengali
Well I was pretty sure of that high back on 18th of April. It did manage to break on friday by just a few pips and I was right there to short it.

Michael R (5/6/2008 11:21:15 PM): I'm off to bed, low could be in there, at 560, everything uptil 4hr,
Michael R (5/7/2008 2:11:46 PM): thinking price will be up for awhile now
Michael R (5/7/2008 2:11:53 PM): price is at 206.29
Michael R (5/7/2008 2:12:21 PM): I think the high that is produced later today will be worth selling
Michael R (5/7/2008 2:18:06 PM): if 551 breaks I think the sellers are back in
Michael R (5/7/2008 4:34:35 PM): well so far it has risen to 682 from the low
Michael R (5/7/2008 11:08:20 PM): still favouring shorts if the high holds out
Michael R (5/7/2008 11:08:49 PM): confirmation below 551
Michael R (5/7/2008 11:09:41 PM): the shorts should not make a low until tomorrow at least but preferably into friday
Michael R (5/7/2008 11:10:11 PM): that was what I thought on the weekend and it is still looking slightly that way

These are from my private chat of just afew this week. You can see I was long for a period of time on 4hr charts, then changed back to shorts. It was my 8hr,12hr and daily charts confirming this short. Only 3min upto 4hr giving the long at the start of the week.
Again, if you could study time cycles and be able to hedge when the 8hr and greater charts are in, then you would not be holding as many red pips.
This is now the earliest that this low could come, but I don't believe it is yet. Since this is a major on my charts(also a weekly down cycle), we would need to see higher than 209.03 for me to believe it is up, Looking around the 18th of May + - a couple of days for the low. The fact is it could turn up from here, but not what I am favouring. Look for a low in Gold around the same date.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,885
  • May 8, 2008 4:45am May 8, 2008 4:45am
I have everything upto 2hr charts that i am sure is in for a low, if it is only upto 2hr this will turn back down within today. Possible 4hr chart low aswell, if this is true, 4hr will not produce until later tomorrow or into market open next week.
I had two critical dates for this week. The first was the 6th and the second was the 8th. The conversation from that was made on telephone over a week ago, so I can't show that in text. I don't like having 2 critical dates only 2 days apart, prefer there to be at least a week between dates, but that is how it fell. Even though I had today as a critical date, I still don't want it to be a low. What I want and what the market does can be different. As I said before, this is the earliest possibility for a low, but I don't believe it is, only shorter term charts.
Just my opinion.
.......................................................................................................
I know of no way of judging of the future except by the past.

There is nothing new under the Sun, that which has been will be again.
......................................................................................................
  • #2,886
  • May 8, 2008 4:50am May 8, 2008 4:50am
I do not understand why everyone is complaining of Breeze's calls, he is not the one who forced you to go long the GBPJPY. The ultimate decision is up to you, it's your money not his.

Personally, I would not take any calls made on this or any other forum without my own analysis. Though he still say it will go up, he is true in saying that, but the key is when. As you all know, currencies do not not go one way forever, at some point it has to go back - it could be weeks, months or a year from now. Awhile back, my better half had positions placed that had eventually blown my acct many times over. Well guess what, if I had kept funding money to those accounts to keep it alive, it would've survived.

Trade at your own risk if you do not wish to do your own homework. Nothing is free without paying a price.
  • #2,887
  • May 8, 2008 5:36am May 8, 2008 5:36am
TraderJoe....I can see you've been preety busy inherre.....thanx for stoping by.....really appreciate it

moneymanagement is the key to a successfull trading.....I've never withdrawn a single cent from my platforms for months.....my wins excceed my drawdown....and so far I dont have a closed trade as a loss.

I'm trading like a bank....If I can make more than $1500 as interest every now and then I'm happy......and I can hold positions for months.

Breeze
Market Master
  • #2,888
  • May 8, 2008 6:38am May 8, 2008 6:38am
Quoting h9402486
I was so stupid to read your thread... if not, I already closed my all position... Big loss already and can't recover now....
another student of the master?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #2,889
  • May 8, 2008 6:41am May 8, 2008 6:41am
[quote=et_phonehome_2;1990443]I do not understand why everyone is complaining of Breeze's calls, he is not the one who forced you to go long the GBPJPY. The ultimate decision is up to you, it's your money not his.

The problem is that there are too many people who have just come on board, read a few threads and gone ' hey there is so much positive feedback, this breeze fella even shows you his trades, ill follow him and oh where he mentions "heavy" he must know that it is good and definatly heading that way so ill just add X amount of lots because the market is going forward for sure. Wicked ok so im in at 2xx, and 2xx and oh cant forget 2xx and 2xx and those 2 are heavy. right time to walk away and when i come back next ill be rich rich rich.

2 hrs later ' hey what the hell is a margin call, or wait my account is blown. WELL IM GONNA SAY SOMETHING ABOUT THIS.... Excuse me MR BREEZE you cost me my account and blah blah blah.

Highly exaggerated or not, the above outlines someone who has failed to read the fine print and analyse that this system, like the countless others, DOESNT always win. The pound/yen is a frightning pair as it is, with a ave pip range currently in excess of 300 to 350 and it has the ability to produce ranges in excess of 800 pips. So what does that mean. Well for starters, if you trade this pair recklessly, and with no thought to MM then you are stuffed.

Breeze, at the bottom of his name, states that he doesnt use SL. It is at the bottom of every post. So if you come in with X amount of dollars and trade it in a way where, the market moves against you 800 pips for a margin call, then you really only have yourself to look at. I trade this thread on a demo account. Why??? Because I want to get a feel for the pair. I want to learn it waves and try to see how this beast reacts. Once I see success I will trade it live, but only when MY criteria is met.

I am sorry for those that have been margin called. However why were you margin called when this pair has only dropped at the most 500 pips from most entry points. most people were adding longs at around 206-207 in which case the low of it so far is 202.36, which is under 500. Money management is PARAMOUNT no matter what system/method you trade. If you trade outside you limits, especially on this pair, well you only have yourself to look at.

For those that rag this system, you might aswell go and rag every and any system, because NEWSFLASH- every system has a period of drawdown. To every trend there is a pullback. If you get in at the top, instead of waiting for a price that suits you and you face a massive pullback that wipes you out, guess what. YOU clicked and ordered that trade, no one else.

On the other side of the coin. It was only not long ago that we saw this pair close to 192. HOW many people started going long, and HOW many people continued long, till even now. WOW you must have made some profit. Lets see 192 to 209. Thats off the top of my head 1700 pips. But wait theres more. How many locked in profits along the way, got stopped out eventually and then put more longs in during the retracement, only to see it climb out of those dives to produce higher highs. WOW more profit. I DIDNT SEE MANY COMPLAINTS ON THAT THREAD DURING THOSE TIMES.

You see it is only human nature to blame everything and anyone around us, instead of taking it on ourselves to learn.

Im sorry if this post has offended or annoyed, but it my outlook on what has been more success than not, but still alot of blame being thrown back at breeze and his clan of long term followers.

I salute you breeze for starting, maintaining and adding to a thread. For those that complain or blame, do me a favour. Start your own thread with a FLAWLESS SYSTEM, so that we can all come worship at your feet. Post all you entries so that we can be witness to what you say... and if you do happen to fail, just remember your post here and remember what goes around can certainly come around. Till your prepared for that, stay away, your just a distraction to those who have taken the time to understand, nothing in life is perfect, but if you succeed 7--8 time out of 10 then you aint doing to bad.

Peace out

Max

PS sorry its long winded, just alot of emotion
  • #2,890
  • May 8, 2008 7:18am May 8, 2008 7:18am
[quote=cruze2005;1990655]
Quoting et_phonehome_2
I do not understand why everyone is complaining of Breeze's calls, he is not the one who forced you to go long the GBPJPY. The ultimate decision is up to you, it's your money not his.

The problem is that there are too many people who have just come on board, read a few threads and gone ' hey there is so much positive feedback, this breeze fella even shows you his trades, ill follow him and oh where he mentions "heavy" he must know that it is good and definatly heading that way so ill just add X amount of lots because the market is going forward for sure. Wicked ok so im in at 2xx, and 2xx and oh cant forget 2xx and 2xx and those 2 are heavy. right time to walk away and when i come back next ill be rich rich rich.

2 hrs later ' hey what the hell is a margin call, or wait my account is blown. WELL IM GONNA SAY SOMETHING ABOUT THIS.... Excuse me MR BREEZE you cost me my account and blah blah blah.

Highly exaggerated or not, the above outlines someone who has failed to read the fine print and analyse that this system, like the countless others, DOESNT always win. The pound/yen is a frightning pair as it is, with a ave pip range currently in excess of 300 to 350 and it has the ability to produce ranges in excess of 800 pips. So what does that mean. Well for starters, if you trade this pair recklessly, and with no thought to MM then you are stuffed.

Breeze, at the bottom of his name, states that he doesnt use SL. It is at the bottom of every post. So if you come in with X amount of dollars and trade it in a way where, the market moves against you 800 pips for a margin call, then you really only have yourself to look at. I trade this thread on a demo account. Why??? Because I want to get a feel for the pair. I want to learn it waves and try to see how this beast reacts. Once I see success I will trade it live, but only when MY criteria is met.

I am sorry for those that have been margin called. However why were you margin called when this pair has only dropped at the most 500 pips from most entry points. most people were adding longs at around 206-207 in which case the low of it so far is 202.36, which is under 500. Money management is PARAMOUNT no matter what system/method you trade. If you trade outside you limits, especially on this pair, well you only have yourself to look at.

For those that rag this system, you might aswell go and rag every and any system, because NEWSFLASH- every system has a period of drawdown. To every trend there is a pullback. If you get in at the top, instead of waiting for a price that suits you and you face a massive pullback that wipes you out, guess what. YOU clicked and ordered that trade, no one else.

On the other side of the coin. It was only not long ago that we saw this pair close to 192. HOW many people started going long, and HOW many people continued long, till even now. WOW you must have made some profit. Lets see 192 to 209. Thats off the top of my head 1700 pips. But wait theres more. How many locked in profits along the way, got stopped out eventually and then put more longs in during the retracement, only to see it climb out of those dives to produce higher highs. WOW more profit. I DIDNT SEE MANY COMPLAINTS ON THAT THREAD DURING THOSE TIMES.

You see it is only human nature to blame everything and anyone around us, instead of taking it on ourselves to learn.

Im sorry if this post has offended or annoyed, but it my outlook on what has been more success than not, but still alot of blame being thrown back at breeze and his clan of long term followers.

I salute you breeze for starting, maintaining and adding to a thread. For those that complain or blame, do me a favour. Start your own thread with a FLAWLESS SYSTEM, so that we can all come worship at your feet. Post all you entries so that we can be witness to what you say... and if you do happen to fail, just remember your post here and remember what goes around can certainly come around. Till your prepared for that, stay away, your just a distraction to those who have taken the time to understand, nothing in life is perfect, but if you succeed 7--8 time out of 10 then you aint doing to bad.

Peace out

Max

PS sorry its long winded, just alot of emotion
This post is worth all the ingredients......same as what TraderJoe was saying......anywayz I hope we can concentrate on proper moneymanagement....even big Banks have to go throw proper moneymanagement.....if they cant master this then they're certainly in the wrong business.

Breeze
Market Master
  • #2,891
  • May 8, 2008 7:26am May 8, 2008 7:26am
Quoting TraderJoe
Well.. close but not quite.

Breeze knows very well that geppy will be going up again soon. He is positive it is not in a long or even medium downtrend. Short term it has turned down but it can't last for long. As far as the HUGE account everyone is talking about, I don't know what Breeze has but I do know that you don't need a HUGE account to trade like this. Just proper money management is all you need. What do I mean? Well just like Syafi has been saying, if you simply use the correct lot sizes according to your account size, you could trade like B does on a 1k account. Remember, everytime you double our lot size, you risk a downdraw 4x the previous one. The trouble is most people want it all right now and greed gets the best of them so they over leverage and lose by gettine a margin call.

The people that have been trading for years know this very well and most have (hopefully) learned not to let greed get the best of them any more but IT'S VERY HARD not to tend toward it still. Dicipline is key to the success of this game and without it you will loose. This is why emotions must be controlled too because with high emotions, dicipline goes out the window.

TraderJoe
U rock my world.......
  • #2,892
  • May 8, 2008 7:48am May 8, 2008 7:48am
Quoting h9402486
Breeze,

I'm not blaming you coz traded under my resposibility...
Even I want to hold long.... got margin call already... coz longed from 207.xx
... just smal money left compare to original....
I'm frustrated... May I leave fx market or try to gain again with money left...

Damm...
Try again its never too late....read Syafi post #2872

I trade from $1 - $50....for GBP/JPY......plartform is FxSol...leverage 400-1
I trade from $10 - $30...for NZD/USD....plartform is Oanda
I trade from $10 - $100...for USD/JPY...plartform is Oanda

I hope this helps you....try to trade micro like TraderJoe and Syafi says....you'll see the difference it will make...

Breeze
Market Master
  • #2,893
  • May 8, 2008 7:55am May 8, 2008 7:55am
Michael R (5/8/2008 9:01:05 PM): I tried shorting 445 but they wouldn't let me have it
Michael R (5/8/2008 9:01:54 PM): didn't realise news was in
xxxx xxxx (5/8/2008 9:02:07 PM): what some news what ws it
Michael R (5/8/2008 9:02:16 PM): uk interest statemnt
xxxx xxxx (5/8/2008 9:31:52 PM): ok i just shorted 32
xxxx xxxx (5/8/2008 9:38:13 PM): yeah one off for 20
Michael R (5/8/2008 9:38:16 PM): if it is a shorter chart, there should be 50-80 pips there
xxxx xxxx (5/8/2008 9:53:33 PM): well there are the 50
Michael R (5/8/2008 9:54:54 PM): 30min chart looks like it could give off more
xxxx xxxx (5/8/2008 9:57:52 PM): nice call on the 50 to 80
xxxx xxxx (5/8/2008 10:11:46 PM): will look to short some nmore here soon if it doent´make a new high
xxxx xxxx (5/8/2008 10:11:49 PM): at 8.30
xxxx xxxx (5/8/2008 10:11:57 PM): which is 19 mins away
Michael R (5/8/2008 10:19:50 PM): if it breaks the low at this news, I think it will be down for a few hours
xxxx xxxx (5/8/2008 10:27:25 PM): i added one at 90 have nothing to lose except giving back some profit on this
xxxx xxxx (5/8/2008 10:27:34 PM): have the exit set for the low on that one

Time for bed. My time is GMT +10, another interesting day on shorter time frame charts.
  • #2,894
  • May 8, 2008 9:13am May 8, 2008 9:13am
hahaha i always keep on eyes looking this thread, its like a party for me,sometimes i feel soo bored in trade.anyway i hope many trader can learn thing from this good site...keep on rolling
  • #2,895
  • May 8, 2008 2:19pm May 8, 2008 2:19pm
Quoting TraderJoe
Well.. close but not quite.

Breeze knows very well that geppy will be going up again soon. He is positive it is not in a long or even medium downtrend. Short term it has turned down but it can't last for long. As far as the HUGE account everyone is talking about, I don't know what Breeze has but I do know that you don't need a HUGE account to trade like this. Just proper money management is all you need. What do I mean? Well just like Syafi has been saying, if you simply use the correct lot sizes according to your account size, you could trade like B does on a 1k account. Remember, everytime you double our lot size, you risk a downdraw 4x the previous one. The trouble is most people want it all right now and greed gets the best of them so they over leverage and lose by gettine a margin call.

The people that have been trading for years know this very well and most have (hopefully) learned not to let greed get the best of them any more but IT'S VERY HARD not to tend toward it still. Dicipline is key to the success of this game and without it you will loose. This is why emotions must be controlled too because with high emotions, dicipline goes out the window.

TraderJoe
wow someone who knows exactly what the market is going to do
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #2,896
  • May 8, 2008 4:34pm May 8, 2008 4:34pm
I forgot to mention 202.35. So far it seems to be holding.

Quoting TraderJoe
Awesome compilation, thank you for this it really helps alot.

My charts show support on the Daily at 204.73, 204,71, 204.38, 204.14,203.77, 203.32 and finally 202.35.

The 4Hour is 203.44 and 203.33
1Hr support at 203.44 and 203.33
Strong weekly support at the same levels.

Daily Resistance is at 204.59 and 208.98
4Hr Resistance at 208.57 and 208.98
1Hr Resistance at 204.80, 205.49, 206.90, 207.86 and 208.98

So I'd say if 203.32 and 44 hold the next level should be 204.49

We are currently in short term uptrend mode but we need to break 204.73 to continue.
beak downward of 203.32 puts us back in a downtrend.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,897
  • May 8, 2008 4:38pm May 8, 2008 4:38pm
Bravo! Best advice there could be.
It's ok to trade soley on someone elses calls as long as you're only trading demo and not real money yet.

Quoting et_phonehome_2
Personally, I would not take any calls made on this or any other forum without my own analysis.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,898
  • May 8, 2008 4:46pm May 8, 2008 4:46pm
With IBFX you can also do this:
I trade from 1cent - $50....for GBP/JPY......plartform is FxSol...leverage 200-1
I trade from 1cent - $30...for NZD/USD....plartform is Oanda
I trade from 1cent - $100...for USD/JPY...plartform is Oanda

You don't get 400-1 leverage but you get a much needed ration difference of lots per account size especially if your account is reall low. Once you build it up you can open an account at the more desired fxsol but you better be sure to have a nice account size since you're lot size has to be minimum 10 x larger than IBFX which means a potential 40 x drawdown in comparison.



Quoting Breeze
Try again its never too late....read Syafi post #2872

I trade from $1 - $50....for GBP/JPY......plartform is FxSol...leverage 400-1
I trade from $10 - $30...for NZD/USD....plartform is Oanda
I trade from $10 - $100...for USD/JPY...plartform is Oanda

I hope this helps you....try to trade micro like TraderJoe and Syafi says....you'll see the difference it will make...

Breeze
Market Master
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,899
  • May 8, 2008 4:48pm May 8, 2008 4:48pm
Quoting moneymagnet
wow someone who knows exactly what the market is going to do
Nice to see someone who has alot of critism, yet you still dont have your own thread to show just how successful you are. Im guesing you have blown your account x number of times, or you dont trade your just on the sidelines ragging people.

Get real m8. If people choose to take on board breezes trades without the foresight to test it for some time, or with out correct money management then there accounts should be at zero. Or they could just follow you... You seem to be an expert who just must have the HOLY GRAIL so common, share it with us all... PLEASe

PS the PLEASE was a bit of I thought I would add......
  • #2,900
  • May 8, 2008 4:49pm May 8, 2008 4:49pm
Quoting TraderJoe
With IBFX you can also do this:
I trade from 1cent - $50....for GBP/JPY......plartform is FxSol...leverage 200-1
I trade from 1cent - $30...for NZD/USD....plartform is Oanda
I trade from 1cent - $100...for USD/JPY...plartform is Oanda

You don't get 400-1 leverage but you get a much needed ration difference of lots per account size especially if your account is reall low. Once you build it up you can open an account at the more desired fxsol but you better be sure to have a nice account size since you're lot size has to be minimum 10 x larger than IBFX which means a potential 40 x drawdown in comparison.
What are your spreads with the pound/yen pair
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