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Preet's [forexlion] GBP/JPY trading

  • #41
  • Nov 26, 2008 4:27am Nov 26, 2008 4:27am
Quoting forexlion
well i chickened out on the 1 hour t3 bounce. 146.70

What's your thought on Where we are going now?
  • #42
  • Nov 26, 2008 5:19am Nov 26, 2008 5:19am
Quoting dreed
What's your thought on Where we are going now?
well depending on how the weekly 78.6 plays out, we could see some lows, or bounce back.
  • #43
  • Nov 26, 2008 5:27am Nov 26, 2008 5:27am
well i am now in favor of weekly 50% or 142.76 now, with the 30 min T3 gone and 1 H down.
  • #44
  • Nov 26, 2008 1:08pm Nov 26, 2008 1:08pm
so I got an Idea to use NonLagDot Indy and Gann instead. Not sure if u like this setup and if not I will remove chart. This seems to work for me better & at the same time I can see the bar candles. Until the others refresh I will go with this Combo. Thanks

ut2
Attached Image (click to enlarge)
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  • #45
  • Nov 26, 2008 7:51pm Nov 26, 2008 7:51pm
Good morning folks and folkis

Momma said knock you out !!!

The bears got rejected right on the 23.6% line there.

Good thing i closed at 145.15 before sleeping.
  • #46
  • Nov 26, 2008 7:54pm Nov 26, 2008 7:54pm
with this kind of range trade, sitting on the fence is more advisable, and plus the month close brings a whole lot of whipsaws with it.
  • #47
  • Nov 27, 2008 4:56am Nov 27, 2008 4:56am
151 is a definite go here.
  • #48
  • Nov 27, 2008 6:59am Nov 27, 2008 6:59am
Quoting forexlion
151 is a definite go here.
GJ has very fiercely defended 145.50 level, which means we definitely go up here, plus it is a daily chart trend, so we will be testing 151 / 165 before any downtrend continuation.
  • #49
  • Nov 27, 2008 2:44pm Nov 27, 2008 2:44pm
Quoting forexlion
GJ has very fiercely defended 145.50 level, which means we definitely go up here, plus it is a daily chart trend, so we will be testing 151 / 165 before any downtrend continuation.
It seems to be pretty flat, and having a hard time getting the the 148 area. However, I would not be shorting, if its going to move, I think it will move higher.
  • #50
  • Nov 27, 2008 7:02pm Nov 27, 2008 7:02pm
Good morning folks and folkis

30 min gave a long, taken, excellent setup.

today being the last day of the month and plenty of news coming, we should see some real good moves.
  • #51
  • Nov 27, 2008 8:41pm Nov 27, 2008 8:41pm
saw a short possibility there and took it, no use closing long positions, market will come round and close them green eventually.

just keep trading.
  • #52
  • Nov 27, 2008 8:48pm Nov 27, 2008 8:48pm
closed both shorts, now waiting for this to top up again

since i got 2 open longs higher, i will not open any fresh longs, just ride the shorts as they come.
  • #53
  • Nov 27, 2008 9:00pm Nov 27, 2008 9:00pm
Quoting forexlion
closed both shorts, now waiting for this to top up again

since i got 2 open longs higher, i will not open any fresh longs, just ride the shorts as they come.
chickened out of the longs, i don't like this 240 min chart, hells a long way down.
  • #54
  • Nov 27, 2008 9:25pm Nov 27, 2008 9:25pm
Quoting forexlion
chickened out of the longs, i don't like this 240 min chart, hells a long way down.

I am long now, entry price was 146.42.
  • #55
  • Edited 10:29pm Nov 27, 2008 9:54pm | Edited 10:29pm
This is how the next month's fib levels will look like, if the current high and low is maintained.

Going by this my short target should be 143.70 with SL at 147.45
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 10 KB
  • #56
  • Nov 28, 2008 2:13am Nov 28, 2008 2:13am
avani if you are on this thread, contact me on my messenger id
  • #57
  • Nov 28, 2008 3:11am Nov 28, 2008 3:11am
Hi Forexlion

I dont mean to sound like the rookie I am but can ya tell me how to get your indicaters on my MT4 charts.

I look foreward to learning your system. I have always been intrested in a good strategy on the G/Y

Thanks

Pip Hunterr
  • #58
  • Nov 28, 2008 3:25am Nov 28, 2008 3:25am
hello forexlion , I see that You opened a new thread. After spending time with Lilmoe system this looks as well nice, but I am testing his system this time.
But anyhow, Your inputs are appreciated and there is a lot of stuff to learn.
Great stuff.
  • #59
  • Nov 28, 2008 3:50am Nov 28, 2008 3:50am
Quoting Pip Hunterr
Hi Forexlion

I dont mean to sound like the rookie I am but can ya tell me how to get your indicaters on my MT4 charts.

I look foreward to learning your system. I have always been intrested in a good strategy on the G/Y

Thanks

Pip Hunterr
save the indicators in the indicators folder of your mt4 installation directory and use them from here, under custom indicators
Attached Image (click to enlarge)
Click to Enlarge Name: indi.gif Size: 28 KB
  • #60
  • Nov 28, 2008 4:47am Nov 28, 2008 4:47am
Thanks I appreciate it
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