GBP/JPY SHORT ....
Falling ...
Watching the Fall of GBP/JPY ...
CLOSED ALL GBPJPY SHORTS
Buy at 177.13 (++)
Falling ...
Watching the Fall of GBP/JPY ...
Buy at 177.13 (++)
Siddhartha G
Alpari demo account, is it in real real time? 26 replies
My last journal (I'm for real this time) With live calls. 6 replies
INFLUENCE OF 1 (ONE!) RETAIL TRADER
Remember all this Brain-washing propaganda talk ?Disliked{quote} Sorry to correct - yet either a re-test of that Support 0.76100 has taken place (was 0.7600 minutes ago) OR a Break of that support. UPD: 0.759 now But it looks (to imho) that a reversal may be 'cooking'. On one hand I always see 'reversals' even where there're none, on the other hand EarnNoe observations are sharpshooting right - more often than not. UPD: AUD Reversal has begun - BY Up-n-Down pitching and Rolling - as it often happens.Ignored
Disliked{quote} That's the best way to learn, Isingh. I tried learning the easy way but it did not work. Jokes aside trading is THE most difficult and challenging "job" on earth. It takes years or even decades to learn how to play that game. There are no geniuses in trading. No overnight instant success. Trading requires hard work, study, persistence, patience and discipline.Ignored
DislikedSeems that a certain resistance level of GBPJPY holds for now. {image}Ignored
DislikedThey say when you find a good trading setup, always find another one that contradicts it completely! In the GBP/JPY case, we have a channel with a potential breakout to the downside (bearish implications), see chart above. BUT, at the same time we also have a breakout of a major down trendline (bullish implications), see chart below. However, those large pullbacks (red circles) show weakness. Also notice how this "uptrend" is having a hard time making higher high and higher low without experiencing an almost immediate price rejection. {image}Ignored
Disliked... In the GBP/JPY case, we have a channel with a potential breakout to the downside i.e. bearish implications, see chart above. ..those large pullbacks (red circles) show weakness. Also notice how this "uptrend" is having a hard time making higher high and higher low without experiencing an almost immediate price rejection. {image}Ignored
Disliked... GBP/JPY is WAY overbought (examine the daily TF - if you will). So - it GOES DOWN EASILY - since that is where it is headed anyway in the coming month. Also it has almost "no obligation" (less correlated) to the dollar weakness or strength - so it travels more freely.Ignored