The Experts Zone: GBPJPY

Unless GJ breaks 159.23 and closes a 1 hour candle above it, the uptrend for this week should have been over around here.

still holding the longs with stops.

I needed a laugh today, gladly I decided to read this "PRO" thread...

Thanks!!!

... And goodbye!

my fresh long entries are on 159.28 major support.

for intra day my target would be 160.78 long term 162.69

good luck.

if it does not bounce off 4 hour 13 ema then i am in trouble, but if it bounces then i will add fresh longs

Takisd,

You're really not making any constructive contribution to this thread. If you have a trading method to share, post it here if it gels with the flow, or open your own thread and bask in your glory there. If you just want to take the piss out of somebody, please go to your local bar and pick a fight there.

The serious traders on this thread -- whether you agree with the approach or not -- really would appreciate if you could keep the noise down, so we don't have to wade through irrelevant ramblings to find postings that are pertinent to the discussion. (Apologies for speaking for everybody else.)

Cheers,

Jesper

Gfy, comes to mind.

Trade the price action. Thats how I trade, thats how you should trade. Picking tops and bottoms is as good as flipping and coin and does not constructively add to any thread.

Sharing a method? If I did share it, would you be able to trade it identical to me?

I have been short due to a short term trendline break. I have taken partial profit at 159 and am now targeting 158.

My method? The price broke the trend line, confirmed and i shorted.

Edit: This whole forum is full of serious traders. But you won't find any pros in this thread.

Adding two charts again, they are already posted above in may somewhere in the thread.

Anyways here is the reason why i prefer longs for the moment/

 

1. GJ weekly clearly shows us that 150.13 was a strong resistance zone which once broken opened up 162.69
2. Now on monthly we have T3 [blue line] converging at the same level 162.69, so this will not or may not go beyong this level and call for a bounce back down.
3. A correction is also required after this continued move.

Now

 

1. Whether this correction happens or does not happen , depends entirely on how the price behaves in respect to T3 on daily charts, if it really confirms the downtend on daily then i would be looking for the 150.13 level to provide some kind of support.

Now, if this happens and 150.13 level does provide support, GJ will get into a possible monthly uptrend extending to over 5 to 15 years.

Lets take this one level at a time.

I am not interested in your money laundering schemes, please do not send me such pm's in future.

If you have traded 100 bucks to 10K in 2 months like you said above, then in a year you should have enough money to buy half the planet.

And please keep the thread clean, no bs here. If anyone feels a bs has been posted then the person is free to report the post so that this thread could be kept clean.

Some very interesting charts using a common mt4 indicator bulls power.

 

1. H1 chart is period 233
2. M1 chart is also 233

so this gives us a better insight into what the market sentiment is, where we are going.

The 500 pip jump was clearer on 5 min, long before it started,

wish i had seen this before, i should never ignore such stupid things in future.

First possible trade this week

 

1. if 157.55 holds as resistance then 155.91
2. if that also breaks then max down this week is 153.24 / 152.07

Read your own charts ...........

ok i will post the chart too.

pretty close to first target now

1. I will go with 30 min charts and level by level
2. No need to post big targets which may or may not achieve

i'm totally agree with you.

1. Always lock in your profits,
2. you never know where it turns,
3. there is nothing called fixed trend in forex.
4. grab your pips and run

then plan a new trade for more later.

 

1. I made the mistake once to consider a trend as guaranteed trend and paid heavily for it,
2. no more, now I just run with as much as I can collect in a single thrust.

This is a beast I would never consider shorting... not in this uptrend!

uptrend ?? we just fell 144 pips flat.

and anyways the lion's tail tells me how many buyers are interested in GJ on the current bar.

Okay just checked this

 

1. 155.91 is the decision level on daily, if it breaks then daily flips to the downside.
2. if it holds and somehow gj manages to get back above 157.55, then 4 hour flips from downside to upside, but this is unlikely scenario

so what are we left with then

range trading a flat gj. 157.55 to 155.91

completed target 1
155.91