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GBP/JPY

  • #1,481
  • Sep 17, 2014 5:54pm Sep 17, 2014 5:54pm
Quoting Wheathermakr
will look to short at 699-800
40pips booked!
Probably the worlds best currency trader.
  • #1,482
  • Sep 17, 2014 8:07pm Sep 17, 2014 8:07pm
G/J is moving fast ahead to 191.90 IMO........... see monthly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ FAKEY.jpg Size: 110 KB
  • #1,483
  • Sep 17, 2014 11:19pm Sep 17, 2014 11:19pm
Quoting imnicetoyou
{quote} why didn't you LONG this pair, since yesterday? i see you pending short at 175, but could have longed all the way up eh??
You are right bro.. but I do so many things and I don't have the time or will to post all that what I do.. The 175 short you are mentioning was closed with profit long time ago. But my last short was like a trial with the hope of a counter-move. This idea popped in my mind after reading some news and I didn't want to regret not have taken that chance. After I was convinced that was not gonna happen I closed with some loss.

But in total, of course I have also many long positions..

Here that was my statement a day ago:

Quoting Ata-Turkoglu
Btw... since we were not used to quick and steep trends for a while nowadays it would be wise to be prepared for rallies towards 176.000 or even 178.000. Sounds crazy but for GJ that's still possible. So keep your radars open folks. Happy Trades
So no worries my friend..

Happy Trades
Focus only on what truly matters!
  • #1,484
  • Sep 17, 2014 11:32pm Sep 17, 2014 11:32pm
Quoting Ata-Turkoglu
{quote} You are right bro.. but I do so many things and I don't have the time or will to post all that what I do.. The 175 short you are mentioning was closed with profit long time ago. But my last short was like a trial with the hope of a counter-move. This idea popped in my mind after reading some news and I didn't want to regret not have taken that chance. After I was convinced that was not gonna happen I closed with some loss. But in total, of course I have also many long positions.. Here that was my statement a day ago: {quote} So no worries...

Sorry you had little time to spent on trading. The past days this one was a joy to trade on the longs, best pips I have ever made. Sitting with a short, archived it and hope to break even someday.

Happy trading trough the Scotts vote.
  • #1,485
  • Sep 17, 2014 11:40pm Sep 17, 2014 11:40pm
Will we be seeing a correction under 175 at any point, or the momentum is building a bullish channel as strong or similar to the one from November 2013 - January 2014?
  • #1,486
  • Sep 18, 2014 12:17am Sep 18, 2014 12:17am
Quoting LouiseZA
{quote} Sorry you had little time to spent on trading. The past days this one was a joy to trade on the longs, best pips I have ever made. Sitting with a short, archived it and hope to break even someday. Happy trading trough the Scotts vote.
I am filtering out your sarcasm... but likewise, GJ is one of the best pairs to trade these days.. I made over +557 pips so far in total since the 8th of September just by trading this pair.. so I don't care what Scotland votes.. either way will be profitable as long as it rises volatility..

Wish you the very best.

Happy Trades
Focus only on what truly matters!
  • #1,487
  • Sep 18, 2014 12:36am Sep 18, 2014 12:36am
Quoting cdcalva
Will we be seeing a correction under 175 at any point, or the momentum is building a bullish channel as strong or similar to the one from November 2013 - January 2014?
I was hoping you could tell us, because if it can't hold 177, it could retrace a bit, or it could reverse the entire move up from 169. All previous resistance has been taken out, but, by default, so has most support.
  • #1,488
  • Sep 18, 2014 2:47am Sep 18, 2014 2:47am
After it broke out from what should have been resistance, it smashed straight into new resistance in the form of the monthly 200 sma at 177.2~4. Not an overly cool thing when you've just spent the previous 10 months trying to break over the monthly 200ema at 173, then finally succeed, only to meet it's big brother.

So, to now break it is bullish.
  • #1,489
  • Sep 18, 2014 4:47am Sep 18, 2014 4:47am
The unstoppable.. mighty GBP..

(but MACD divergence is also on radar)

Happy Trades
Focus only on what truly matters!
  • #1,490
  • Sep 18, 2014 5:24am Sep 18, 2014 5:24am
178.09 could be a nice spot to scalp a small retrace I believe

Happy Trades
Focus only on what truly matters!
  • #1,491
  • Sep 18, 2014 9:05am Sep 18, 2014 9:05am
I made some +10 pips out a my last riskful short. Anyway.. it's still not worth to scalp short.. It seems like GBP wants to smash down JPY.. The nearest target could go would be 179.10

Happy Trades
Focus only on what truly matters!
  • #1,492
  • Sep 18, 2014 9:24am Sep 18, 2014 9:24am
Live coverage of the results of the Scottish independence referendum will begin after polling closes at 10pm.

http://www.bbc.com/news/events/scotland-decides/live
  • #1,493
  • Sep 18, 2014 10:22am Sep 18, 2014 10:22am
Are we looking at some resistance forming at 178.15 - 178. 3? So far the wave has covered 800+ pips how many could be looking at if Scotland votes to remain part of the UK?
  • #1,494
  • Sep 18, 2014 10:22am Sep 18, 2014 10:22am
Quoting MaximeCau
Live coverage of the results of the Scottish independence referendum will begin after polling closes at 10pm. http://www.bbc.com/news/events/scotland-decides/live
Thank you for the link. Will be really helpful.
  • #1,495
  • Sep 18, 2014 11:01am Sep 18, 2014 11:01am
Quoting cdcalva
Are we looking at some resistance forming at 178.15 - 178. 3? So far the wave has covered 800+ pips how many could be looking at if Scotland votes to remain part of the UK?
My target for this second wave remains 178.25

First wave : 169.500 - 174.500 :
Second wave could be : 500 pips from retracement : 173.250 - 178.25 but the next daily resistance is 179.50.

We've already touched 178.25.So it could be the end of this second wave. We can expect a retracement now down to around 176.30 for a third wave.
  • #1,496
  • Sep 18, 2014 12:59pm Sep 18, 2014 12:59pm
Quoting MaximeCau
{quote} My target for this second wave remains 178.25 First wave : 169.500 - 174.500 : Second wave could be : 500 pips from retracement : 173.250 - 178.25 but the next daily resistance is 179.50. We've already touched 178.25.So it could be the end of this second wave. We can expect a retracement now down to around 176.30 for a third wave.
Why would it end? when its so close to the 179.60 weekly resistance.. long term bulls want to break 179-181
Probably the worlds best currency trader.
  • #1,497
  • Sep 18, 2014 2:48pm Sep 18, 2014 2:48pm
Quoting Wheathermakr
{quote} Why would it end? when its so close to the 179.60 weekly resistance.. long term bulls want to break 179-181
Yes, we had a consolidation in an ascending triangle and now continues higher.

Smart money doesn't care about Scots !
  • #1,498
  • Edited 6:43pm Sep 18, 2014 5:31pm | Edited 6:43pm
Clackmannanshire : 54% no / 46% yes
Orkney : 67% no / 33% yes
Shetland : 64% no / 36% yes
  • #1,499
  • Edited 6:13pm Sep 18, 2014 5:54pm | Edited 6:13pm
this is outrageously parabolic now. 169 to 180 in just a week and a bit...

now advancing at 70 pips every hour, straight line rallies.

probably get to 190 in a week at this rate.
  • #1,500
  • Sep 19, 2014 5:04am Sep 19, 2014 5:04am
Are we looking at a reversal here? If so could go below 175 or could we be looking at another wave that could go above 180?
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