A very simple system - trade with arrow

Anyway i persist on CAD/JPY because there is hiden berish divergence

Got stopped out on my GJ trade.

patience is the game being played now..I am not touching G' pairing next week and so I thought I have a go on this last trading day of the week..patience,patience

ouch! but a 50 pip stop on the geppy is not enough unless your timing is good

I thought my timing was good

yup..it's Fryday anyway.

Here's my tip for the best trade set-up available at the moment:
Difficult to see any team other than Germany, France, Spain or Italy (and, dare I say it, England) winning the Euros.

I have set my money at Spain as the winner. Against France in the final.

How big SL do you guys use at the geppy?

All the 5 teams I've named have had good chances missed by their opponents in the matches so far, so I suppose in the knock-out stages a "surprise" result is possible.

It's known as the beast, isn't it? My perception is that it settled down for a few months but it seems to be back to its worst. I'm considering not trading it.

Otherwise it will be 70 pips with adequate position sizing.

It would be interesting to know what the different perspectives are on why the London market didn't move anything today apart from CaD.
Have they stopped speculating ahead of next Thursday's vote already? Anyone got any ideas?
My Australian broker has already increased spreads on EUR and GBP pairs, and margins will increase too.

hi,why you enter buy ???chart price below 34 & 10 ema on 4hr & d1 chart..am i correct ?

Yes you are correct. Price was above 10ema on 4hr, but the entry was against the daily timeframe.
I have made a checklist yesterday, because when I ignore the rules and jump into a trade it will fail.

Treat trading like a Business. Patience, Discipline, Focus & Belief, Confidence, Consistency.

Have a nice weekend

Very good advice.....And not just limited to forex trading. Even stock or other things we do in life require patience.

An old injury to my back came to haunt me yesterday and I had to lie down.I did not monitor my 2 trades but stops and targets were on. I found out just near closing my gcad was stopped out and my target for the geppy was missed by 5-6 pips. I set the initial target @150 Anyway, I was led to this pair ,G/a by Kander's post and here is my thinking. This is the same old chart posted in LE 1 thread in response to pipsalon query. As you can see I marked two levels and price was rejected at the lower level where fib 78.6 is and now price is rejected at the fib level 61.8 with a long lower wick..Looking at indicators price is still bearish, tdi ,cci, below 50 and 0 and price below the 10 and 34 ema. Does this mean we can't get on a long? Of course not. Counter trend trades is also trading and viable too. You just have to know when bullish signs outweigh the bearish ones on this pair. We turn to the daily chart to look for more bullish signs and we found a morning star and was confirmed by the daily candle close yesterday. So time to long? Price is at the 10 ema and there is hidden bullish divergence. On the 4 hour time frame,the 10 ema is just crossing the 34 ema and price is above both indicating a buy. The tdi and cci are now in bullish territory...If you want to trade long then go to your favourite time frame to find an entry...BUT remember Brexit is just days away..GL

Hi mizi, just my thoughts on this pair. I won't say much but just to highlight what price has done so far on the daily chart. I have drawn a level on my chart and price has not closed below this level since 2013..Recently price did breach this level but was rejected at the close.

What a morning.? It's drizzling, windy and slightly cool. But a beautiful morning to me trading wise. My initial target for the geppy was hit and so was the target of 151.40 with my second entry. As mentioned earlier expect a pounding (if you have shorted before the weekend). Going back to bed. See you later

There was a big gap on Geppy and other pairs when the markets opened. I don't know how to trade after a gap. Is the gap going to be filled?