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Preet's [forexlion] GBP/JPY trading

  • #21
  • Nov 25, 2008 7:05pm Nov 25, 2008 7:05pm
Quoting forexlion
setup failed, had to cut it -20
well its too flat to enter anything currently, will wait for a better setup
  • #22
  • Nov 25, 2008 8:07pm Nov 25, 2008 8:07pm
Quoting forexlion
well its too flat to enter anything currently, will wait for a better setup

Hello Forexlion... I use an indicator called Bullshit, and I am getting on my 5 min chart a long signal to go long and not short.
  • #23
  • Nov 25, 2008 8:15pm Nov 25, 2008 8:15pm
Quoting dreed
Hello Forexlion... I use an indicator called Bullshit, and I am getting on my 5 min chart a long signal to go long and not short.
careful, as longer time frames are short
  • #24
  • Nov 25, 2008 8:28pm Nov 25, 2008 8:28pm
I am definitely in favour of the lower trendline at 143.75 in a couple of hours, currently we are stuck with low volumes.
  • #25
  • Nov 25, 2008 9:49pm Nov 25, 2008 9:49pm
with the Ibdicators for some reason. FXSniper works just fine but the other three are not refreshing, I have to click on another TF to get them up to date which is a pain with windows tiled. I watch other pairs (majors) as well.IMO
  • #26
  • Nov 25, 2008 9:57pm Nov 25, 2008 9:57pm
Quoting ut2DaMax
with the Ibdicators for some reason. FXSniper works just fine but the other three are not refreshing, I have to click on another TF to get them up to date which is a pain with windows tiled. I watch other pairs (majors) as well.IMO
yes i have the same trouble, and i tried on forex-tsd to find a better version, but did not find anything better.

the author is coderguru there
  • #27
  • Nov 25, 2008 10:00pm Nov 25, 2008 10:00pm
Trading holiday in US thursday..... volumes probably lower rest of the week. Im looking at a bounce off 151 area before the carnage continues.
  • #28
  • Nov 25, 2008 10:43pm Nov 25, 2008 10:43pm
Quoting wannabeatrader
Trading holiday in US thursday..... volumes probably lower rest of the week. Im looking at a bounce off 151 area before the carnage continues.
Tokyo close gives a small spike up followed by trend continuation down during frankfurt / london.

to achieve 151, there has to be a 30 min chart setup + successful break of 147.5 which does not exist.
  • #29
  • Nov 25, 2008 11:03pm Nov 25, 2008 11:03pm
Quote
At this point, GBP/JPY is still struggling to take out 147.88 resistance. Intraday outlook remains neutral for the moment. As discussed before, another fall is still in favor as long as 147.88 resistance holds, to next target of 200% projection of 215.87 to 184.47 from 197.42 at 134.62. On the upside, though, above 147.88 will argue that consolidation from 139.02 might still be in progress and another rise could be seen to retest 165.02 before completing the consolidation.

Taken from actionforex
  • #30
  • Nov 25, 2008 11:21pm Nov 25, 2008 11:21pm
Quoting forexlion
Taken from actionforex

My Bullshit indicator went short and I am in at 146.10 short
  • #31
  • Nov 25, 2008 11:25pm Nov 25, 2008 11:25pm
Here is the reason, why i will exit at 145.12

the possible T3 line touch on 4 hour

and anchorfx level touch as given by
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj1.gif Size: 10 KB
Click to Enlarge Name: gj2.gif Size: 17 KB
Attached File(s)
File Type: mq4 anchorfx.mq4   6 KB | 280 downloads
  • #32
  • Nov 26, 2008 12:08am Nov 26, 2008 12:08am
hell, i forgot about the 15 trailing SL i had set earlier, anyways a good trade closed here
  • #33
  • Nov 26, 2008 12:31am Nov 26, 2008 12:31am
Quoting forexlion
Here is the reason, why i will exit at 145.12

the possible T3 line touch on 4 hour

and anchorfx level touch as given by

closed my short with a 15 pip profit.
  • #34
  • Nov 26, 2008 1:41am Nov 26, 2008 1:41am
well in absence of a proper direction, i am bored and on the fence.
  • #35
  • Nov 26, 2008 1:58am Nov 26, 2008 1:58am
Quoting forexlion
well in absence of a proper direction, i am bored and on the fence.
I am board as well. Just waiting
  • #36
  • Nov 26, 2008 2:30am Nov 26, 2008 2:30am
so quiet I could hear a pin drop.....lol
  • #37
  • Nov 26, 2008 2:42am Nov 26, 2008 2:42am
Quoting ut2DaMax
so quiet I could hear a pin drop.....lol
on another thread they have completed 50 pages of observations and charts while GJ remains where it is flat.
  • #38
  • Nov 26, 2008 2:52am Nov 26, 2008 2:52am
Quoting forexlion
on another thread they have completed 50 pages of observations and charts while GJ remains where it is flat.

Is this a head fake, or is it really heading higher?
  • #39
  • Nov 26, 2008 2:54am Nov 26, 2008 2:54am
147.86 in sight now
Attached File(s)
File Type: mq4 anchorfx_week.mq4   5 KB | 259 downloads
  • #40
  • Nov 26, 2008 3:58am Nov 26, 2008 3:58am
well i chickened out on the 1 hour t3 bounce. 146.70
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