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Preet's [forexlion] GBP/JPY trading

  • #61
  • Nov 28, 2008 5:36am Nov 28, 2008 5:36am
Quoting forexlion
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
143.70 here we come
  • #62
  • Nov 28, 2008 5:55am Nov 28, 2008 5:55am
Congrat, my friend..

All the best
  • #63
  • Nov 28, 2008 6:38am Nov 28, 2008 6:38am
Quoting Piters
Congrat, my friend..

All the best
thanks, its nice to see you here, i liked it.
  • #64
  • Nov 28, 2008 7:06am Nov 28, 2008 7:06am
Next week's outlook

143.70 should prove to be a bounce area for the GJ, with daily charts in a strong uptrend divergence.

Today by weekend close I will be closing all shorts, or I will keep some +ve SL.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 11 KB
  • #65
  • Nov 28, 2008 8:38am Nov 28, 2008 8:38am
Last day of the month and as usual, damn choppy trades, look at those candles on 15 min, luckily i closed out green.
  • #66
  • Edited 2:15pm Nov 28, 2008 2:11pm | Edited 2:15pm
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.

Slow and steady... a couple fake outs along the way. 151 still looks good before the US stock market tanks later next week. Time will tell. 293 pips and counting for me.
  • #67
  • Nov 28, 2008 2:19pm Nov 28, 2008 2:19pm
Quoting forexlion
Last day of the month and as usual, damn choppy trades, look at those candles on 15 min, luckily i closed out green.

Jumped in a long at 145. 85 and rode that until 147.31.... Closed out the trade, not holding over the weekend.
  • #68
  • Nov 28, 2008 5:15pm Nov 28, 2008 5:15pm
hey FL,
Been using your Indies on an M1 chart.
I use them at 10ma period along with a 100SMA.

I then use QQE60 for confirmation or even to get in/out early.

Worked great the few days I used it at the beginning of the week.

Will be curious to see what she does on a 'regular' week.
  • #69
  • Nov 28, 2008 5:59pm Nov 28, 2008 5:59pm
FL,

Any thoughts to having an adjustable EA written up ?
To put trades in for you/me/the user Automatically ?

kj
  • #70
  • Nov 29, 2008 6:11am Nov 29, 2008 6:11am
Next week, I will be playing purely with eurusd.

A friend of mine asked me to increase his nearly blown account back above break even.

eurusd is a good pair for doing that.
  • #71
  • Nov 29, 2008 8:59am Nov 29, 2008 8:59am
Quoting forexlion
Next week, I will be playing purely with eurusd.

A friend of mine asked me to increase his nearly blown account back above break even.

eurusd is a good pair for doing that.
What do you mean ? EU is the best pair for your system ?

OR you mean you have an EA of your system and it works best on the EU ?
  • #72
  • Nov 30, 2008 2:49am Nov 30, 2008 2:49am
Quoting kujo17
What do you mean ? EU is the best pair for your system ?

OR you mean you have an EA of your system and it works best on the EU ?
well the system is universal for any pair.

i just decided to use eu next week, because it does not have the kind of volatility that GJ has.

I need to really increase his almost blown account.
  • #73
  • Nov 30, 2008 6:35pm Nov 30, 2008 6:35pm
Quoting forexlion
well the system is universal for any pair.

i just decided to use eu next week, because it does not have the kind of volatility that GJ has.

I need to really increase his almost blown account.

I am in a short on GJ, My entry was 146.94. I am sure we will retest the 139 area again this week. Perhaps before Friday, which is non-farm payroll.
  • #74
  • Nov 30, 2008 8:21pm Nov 30, 2008 8:21pm
Quoting dreed
I am in a short on GJ, My entry was 146.94. I am sure we will retest the 139 area again this week. Perhaps before Friday, which is non-farm payroll.
eurusd sometimes moves closely like dow, so follow its moves to get a better idea on GJ
  • #75
  • Nov 30, 2008 8:22pm Nov 30, 2008 8:22pm
Quoting dreed
I am in a short on GJ, My entry was 146.94. I am sure we will retest the 139 area again this week. Perhaps before Friday, which is non-farm payroll.
the daily chart does not favor anything below 143.7 so i would be care the ful [careful] here.
  • #76
  • Dec 1, 2008 2:23am Dec 1, 2008 2:23am
Quoting forexlion
the daily chart does not favor anything below 143.7 so i would be care the ful [careful] here.
lets see how 143.70 reacts here
  • #77
  • Dec 1, 2008 4:17am Dec 1, 2008 4:17am
Quoting forexlion
lets see how 143.70 reacts here

I think we will see the 139 area soon.
  • #78
  • Last Post: Dec 1, 2008 5:35am Dec 1, 2008 5:35am
ea to find 5 min 50 ema level and set tp of all open trades at the 5 min 50 ema level automatically.
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