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  • #121
  • Sep 10, 2013 7:25am Sep 10, 2013 7:25am
Good trades and very nice journal
  • #122
  • Sep 10, 2013 10:54am Sep 10, 2013 10:54am
Quoting Parox
Good trades and very nice journal
Thanks

GBPJPY sell limit @ 158.165, price hasn't been back to this area since moving away from it in August 2009, risk is low. Stop is just above that small swing high and looking for a risk:reward of 1:2 at least.
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  • #123
  • Sep 10, 2013 11:20pm Sep 10, 2013 11:20pm
Quoting GDR3k
{quote}GBPJPY sell limit @ 158.165, price hasn't been back to this area since moving away from it in August 2009, risk is low. Stop is just above that small swing high and looking for a risk:reward of 1:2 at least. {image}
Order was hit a few hours ago and I've just closed for +35, r:r ended up around 1:1, that'll do. That position was pretty accurate considering I used only the 4hour and daily charts to make my entry.
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  • #124
  • Sep 10, 2013 11:27pm Sep 10, 2013 11:27pm
Good morning and thank you again for the strategy GBP/JPY. My goal is somewhere 156.60 and if you break 154.
Let the market come to you, patience is the key !
  • #125
  • Sep 10, 2013 11:37pm Sep 10, 2013 11:37pm
Quoting smokjr
Good morning and thank you again for the strategy GBP/JPY. My goal is somewhere 156.60 and if you break 154.
Good morning! looking at the current 4hour/12hour charts it looks very likely a drop is on the cards for that pair but I'm going to wait for both those candles to close bearish before I get back in short, that said, there is high impact news out for GBP in just under 2 hours and this pair likes to spike.
  • #126
  • Sep 10, 2013 11:56pm Sep 10, 2013 11:56pm
Thanks for the advice.
I forgot about the news.
Let the market come to you, patience is the key !
  • #127
  • Sep 11, 2013 12:03am Sep 11, 2013 12:03am
Quoting smokjr
Thanks for the advice. I forgot about the news.


Notice how big figure releases often work like support/resistance on their own chart.
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  • #128
  • Edited 1:22am Sep 11, 2013 1:09am | Edited 1:22am
GBPJPY....

I wonder if we'll see a spike down to that area in the chart below, It might be worth buyying a small buy order there for the news at 9.30... decisions.......decisions.....it is high impact so if there is a spike, the size will depend on the figure released.... hmmmm..
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  • #129
  • Sep 11, 2013 2:05am Sep 11, 2013 2:05am
Thanks for the warning to wait.

I got a short position and close it on +25 pips.
Let the market come to you, patience is the key !
  • #130
  • Edited 3:10am Sep 11, 2013 2:08am | Edited 3:10am
EURUSD buy limit @ 1.3259 just above that last bullish 4hr candle opening price and just above todays daily pivot, target 1.3325. Low risk 19 pip stop, r:r around 1:3, see chart below for expected move.

All I can do now is wait and see if the market comes to me :nerd:

Edit @ 10:52am, order has been changed from 2 lots to 1 lot.
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  • #131
  • Sep 11, 2013 3:10am Sep 11, 2013 3:10am
Quoting GDR3k
EURUSD buy limit @ 1.3259 just above that last bullish 4hr candle opening price and just above todays daily pivot, target 1.3325. Low risk 19 pip stop, r:r around 1:3, see chart below for expected move. All I can do now is wait and see if the market comes to me :nerd: Edit @ 10:52am, order has been changed from 2 lots to 1 lot. {image} {image}
Order hit. Let's see what happens.
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  • #132
  • Sep 11, 2013 3:27am Sep 11, 2013 3:27am
Do you have a crystal ball? Just kidding
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Let the market come to you, patience is the key !
  • #133
  • Edited 4:15am Sep 11, 2013 4:03am | Edited 4:15am
Quoting smokjr
Do you have a crystal ball? Just kidding {image}
haha I fear this EURUSD long may not be so lucky...

Price has currently stalled at the daily pivot so there's hope!
  • #134
  • Sep 11, 2013 4:17am Sep 11, 2013 4:17am
I think 1.3249-40 would hold.
Fibonacci - S1
Let the market come to you, patience is the key !
  • #135
  • Sep 11, 2013 5:08am Sep 11, 2013 5:08am
I opened short gbp/jpy 158.20 SL: 30pips target: 90 pips
Let the market come to you, patience is the key !
  • #136
  • Sep 11, 2013 5:09am Sep 11, 2013 5:09am
Quoting smokjr
I think 1.3249-40 would hold. Fibonacci - S1
It's looking that way! I've got a feeling it it breaks out of this resistance, it's gonna go big.
  • #137
  • Sep 11, 2013 5:11am Sep 11, 2013 5:11am
Quoting smokjr
I opened short gbp/jpy 158.20 SL: 30pips target: 90 pips
Looks good, I'm also looking at a short on that pair but going to wait for this current 4hour candle to close bearish and then put a sell order just under that bearish candle opening price.
  • #138
  • Sep 11, 2013 5:54am Sep 11, 2013 5:54am
Quoting GDR3k
{quote} Order hit. Let's see what happens. {image}
SL has been moved to break even, haven't got time to watch it as I have to nip out.
  • #139
  • Sep 11, 2013 5:58am Sep 11, 2013 5:58am
Quoting smokjr
I opened short gbp/jpy 158.20 SL: 30pips target: 90 pips
out +4 pips
Let the market come to you, patience is the key !
  • #140
  • Edited 7:20am Sep 11, 2013 7:07am | Edited 7:20am
Quoting GDR3k
EURUSD buy limit @ 1.3259 just above that last bullish 4hr candle opening price and just above todays daily pivot, target 1.3325. Low risk 19 pip stop, r:r around 1:3, see chart below for expected move. All I can do now is wait and see if the market comes to me :nerd: Edit @ 10:52am, order has been changed from 2 lots to 1 lot. {image} {image}
Closed for +34 just under 1.33, r:r of about 1:2, happy with that.



+238 so far for the week off 4 trades (one carried over the weekend from Thursday), 4 wins.
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