Disliked- A break of 61.8 fibo level on daily chart will bring a sell off.
- CheersIgnored
either a sell off, or the 61.8 Fibo would provide a rock solid support for the uptrend to continue
time will tell
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long eur/jpy, gbp/jpy, usd/jpy 11 replies
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Suidster's GBP/JPY Discussion 19 replies
Disliked- A break of 61.8 fibo level on daily chart will bring a sell off.
- CheersIgnored
Dislikedeither a sell off, or the 61.8 Fibo would provide a rock solid support for the uptrend to continue
time will tellIgnored
DislikedHello, please tell me if your Fibo 61.8 is at 81.400 also or i misplaced it ?
CheersIgnored
DislikedLonger term view 81.00 - 81.50 area looks like a great area to start building a long position. Min stop of 100 pips is what I'm thinking.Ignored
DislikedIn 2 weeks or so the Dec 16th election will have an impact on it surely?
I dont think Abe has fully been priced in.Ignored
DislikedCould be room for a bigger pullback here is what im looking for
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I havent thought about stops yetIgnored
DislikedBasically about the same levels I'm looking at. Depends on ur time frame & how many or those orders get filled. I tend to layer in based on the price action & when I feel comfortable with my size I determine it from there but its always at least 100 pips. If trade goes against me fast ill take pieces off if I still like the idea & add them back in as it starts go in favor.Ignored
Disliked50 pips between orders i do exactly the same if it gets down to near 50% fib i wait for the bear trendline break on the 4hour or hourly chart but i havent got time to watch for the rest of the week so have gone with forward orders.
I'm still confident that this is consolidation pullback to continue the trend at least to 84.
But this pair has a habit of kicking bulls in the nuts i guess if there is positive news on the fiscal cliff it should help.Ignored
DislikedI too feel that all the JPY crosses are in a consolidation & 84 should be hit in the near future but I think it's going to be a bumpy ride getting there.Ignored
DislikedDefinitely need to careful with this pair or you'll die a so death from a million paper cuts.Ignored
DislikedGuys, guys until those bottom levels that you agreed upon the bears must first break fibo at 61.8% at $81.40ish, the 50% at $80.62 the BIG resistance at $80.24 and again $79.80 that is 30% for FIBO, I think is harder for the bears than it will be for the bullsIgnored