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Daily GBP/JPY analysis

  • #16,021
  • Aug 25, 2011 1:47am Aug 25, 2011 1:47am
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
All three trades on long positions now. We've got a long way back up the other side of the channel.
Attached Image (click to enlarge)
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  • #16,022
  • Aug 25, 2011 2:17am Aug 25, 2011 2:17am
Quoting dddd
EUR/USD
sold 1st 1/2 into the RN 1.4450. risked -10pips to make +31pips. 2ND 1/2 moved to +10pips and TP set to till price intersect that redline.

previous chart
http://www.forexfactory.com/attachme...7&d=1314254517

UPDATE, NEW CHART:
Attached Image(s) (click to enlarge)
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  • #16,023
  • Aug 25, 2011 2:24am Aug 25, 2011 2:24am
THere are just too many to keep track of. just breaking out all over the place. the eur/gbp, the cad/chf, the eur/chf, the eur/jpy, the...the list goes on.

it is a buffet.
  • #16,024
  • Aug 25, 2011 2:44am Aug 25, 2011 2:44am
Quoting dddd
sold 1st 1/2 into the RN 1.4450. risked -10pips to make +31pips. 2ND 1/2 moved to +10pips and TP set to till price intersect that redline.

previous chart
http://www.forexfactory.com/attachme...7&d=1314254517

UPDATE, NEW CHART:
closed out the second part of the trade at 1.4468 for +49pips. 1st part was +31 pips. Average pips per trade = +40pips. risked -10pips.

chart attached. first time trying this method. works so far.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_23 Aug. 25 03.37.jpg Size: 98 KB
  • #16,025
  • Aug 25, 2011 2:52am Aug 25, 2011 2:52am
Quoting dddd
gbp/jpy
http://www.forexfactory.com/attachme...9&d=1314254608

waiting for it to give me a bpc under those lines so that i can go short.
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  • #16,026
  • Aug 25, 2011 2:55am Aug 25, 2011 2:55am
Quoting dddd
http://www.forexfactory.com/attachme...1&d=1314258727

waiting for it to give me a bpc under those lines so that i can go short.
damn! too late for the 1st line. wait to see what happens to the second one. bpc under the 2nd will be nice.
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  • #16,027
  • Aug 25, 2011 3:01am Aug 25, 2011 3:01am
Quoting dddd
damn! too late for the 1st line. wait to see what happens to the second one. bpc under the 2nd will be nice.
too late for the 2nd one too! come on! (in fairness, there was BPC on 1minute, just wasnt too comfortable with that with regards to this method).

chart attached:
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Click to Enlarge Name: ScreenHunter_27 Aug. 25 03.59.jpg Size: 88 KB
  • #16,028
  • Aug 25, 2011 3:09am Aug 25, 2011 3:09am
Quoting dddd
THere are just too many to keep track of. just breaking out all over the place. the eur/gbp, the cad/chf, the eur/chf, the eur/jpy, the...the list goes on.

it is a buffet.
cad/chf, before and after. IT IS A buffet.
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  • #16,029
  • Aug 25, 2011 3:24am Aug 25, 2011 3:24am
AUD/CAD setting up:
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  • #16,030
  • Aug 25, 2011 3:44am Aug 25, 2011 3:44am
Thanks made some quick pips follow your chart.
Quoting MarkH
Long at 126.055 and 126.215. Doing nicely I might add!
  • #16,031
  • Aug 25, 2011 9:44am Aug 25, 2011 9:44am
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Nice work Dddd...
  • #16,032
  • Aug 25, 2011 1:00pm Aug 25, 2011 1:00pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Letting it run.....
Attached Image (click to enlarge)
Click to Enlarge Name: trades1.jpg Size: 186 KB
  • #16,033
  • Aug 25, 2011 1:04pm Aug 25, 2011 1:04pm
Quoting MarkH
Nice work Dddd...
THANk you, sir.


Quoting MarkH
Letting it run.....
EXCELLENT ENTRY.

hopefully, that trendline wont interfere too much.
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  • #16,034
  • Aug 25, 2011 1:06pm Aug 25, 2011 1:06pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting dddd
hopefully, that trendline wont interfere too much.
Yes, I see the same thing....
  • #16,035
  • Aug 25, 2011 1:10pm Aug 25, 2011 1:10pm
Quoting MarkH
Letting it run.....
interesting....just observing your entry levels here.....mine would have been a bit later, after the bpc(the BOX). You got the early bird special.
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  • #16,036
  • Aug 25, 2011 1:12pm Aug 25, 2011 1:12pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting dddd
interesting.

just observing your entry levels. mine would have been a bit later, after the bpc(the BOX)
Can post the Box? I'd like try it....
  • #16,037
  • Aug 25, 2011 1:17pm Aug 25, 2011 1:17pm
Quoting MarkH
Can post the Box? I'd like try it....
by the box, i mean the metatrader box i superimpose on the chart. higlighting the BPC.

speaking of breakout, i have to respect the marobozu candle breakout at the point where you took your BUY entry.(highlighted on chart below). IT DOESNT SCREAM "bullish" than a clean shaven marobozu.
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  • #16,038
  • Aug 25, 2011 1:18pm Aug 25, 2011 1:18pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting dddd
by the box, i mean the metatrader box i superimpose on the chart. higlighting the BPC.

speaking of breakout, i have to respect the marobozu candle breakout at the point where you took your BUY entry.(highlighted on chart below). IT DOESNT SCREAM "bullish" than a clean shaven marobozu.
Got it!
  • #16,039
  • Aug 25, 2011 1:23pm Aug 25, 2011 1:23pm
Quoting dddd
closed out the second part of the trade at 1.4468 for +49pips. 1st part was +31 pips. Average pips per trade = +40pips. risked -10pips.

chart attached. first time trying this method. works so far.

price reversal after the exit at 1.4468 has been VERY STRONG. would have been a good place to take a short trade. I mean, price reversed over +130 pips to the short side from 1.4468/1.4474 area. It was a good thing i sold into that upper trendline.
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  • #16,040
  • Aug 25, 2011 1:35pm Aug 25, 2011 1:35pm
missed this one in AUD/NZD.
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