close half at 139.760
TP 139.100
Exits == most important part of your strategy
Dragon Riders GBP/JPY
- #24,261
- Edited 7:21am Jun 12, 2017 3:56am | Edited 7:21am
- Joined Nov 2009 | Status: Trader | 2,756 Posts
close half at 139.760
TP 139.100
- #24,263
- Edited 11:41am Jun 12, 2017 11:17am | Edited 11:41am
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
Alright, most probable scenario for GBP/JPY this week: it is going to drop below the low of the previous week at 139.50, just to trigger stop orders from short sellers betting on the breakout, then it will go up to 142.35 and fill the gap, and THEN it will drop like a stone again. Yep yep yep, that's it, that's its plan right there...
On the 1h chart the GBP/JPY has also touched the lower downtrend line of the descending channel (see chart).
Now let's see...
- #24,264
- Jun 12, 2017 1:57pm Jun 12, 2017 1:57pm
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
Buying GBP/JPY at 139.00, 45 pip stop.
Yes I know, this is a scary counter-trend trade.
Yes I know, this is a scary counter-trend trade.
- #24,265
- Jun 12, 2017 2:06pm Jun 12, 2017 2:06pm
- Joined Nov 2009 | Status: Trader | 2,756 Posts
Buying GBP/JPY at 139.00, 45 pip stop. Yes I know, this is a scary counter-trend trade.
.
Exits == most important part of your strategy
- #24,266
- Jun 12, 2017 2:25pm Jun 12, 2017 2:25pm
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
{quote} No worry , if fail we suicide together
- #24,267
- Edited 4:10pm Jun 12, 2017 3:50pm | Edited 4:10pm
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
Today GBP/JPY moved more than 200 pips with virtually zero pullback, so I guess some profit taking activity is going to take place soon, and the price will at least hit the 38.2% Fib...
The Asian/Australian traders are going to wake up in a few hours and probably say "Wow, 200 pip profit, time to cover our short positions and ring the cash register!"
PS: As always, the market is under no obligation to do anything, this is just my personal opinion/analysis.
The Asian/Australian traders are going to wake up in a few hours and probably say "Wow, 200 pip profit, time to cover our short positions and ring the cash register!"
PS: As always, the market is under no obligation to do anything, this is just my personal opinion/analysis.
- #24,268
- Jun 12, 2017 4:24pm Jun 12, 2017 4:24pm
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
Buying GBP/JPY at 139.00, 45 pip stop.
Next possible target is 139.50.
- #24,269
- Edited 8:36pm Jun 12, 2017 8:14pm | Edited 8:36pm
- Joined Nov 2015 | Status: I'm hungry | 4,034 Posts
{quote} Keep going boy, keep going, fill that gap and just show me the money!
Bearish divergence settling in now , this could drop Asian session. Looking very heavy currently but i will return London Session to protect myself from big hand.
- #24,270
- Jun 12, 2017 8:54pm Jun 12, 2017 8:54pm
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
{quote} struggling 139.5 . 140 to fill gap. London guys are madly shorting so watch out for the big boy short like yesterday. A Lazy 200 pip drop , the mean streak beautiful. Bearish divergence settling in now , this could drop Asian session. Looking very heavy currently but i will return London Session to protect myself from big hand.
Anyway, 139.20 is still a good support area, so far...
- #24,272
- Jun 12, 2017 9:47pm Jun 12, 2017 9:47pm
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
- #24,273
- Jun 12, 2017 9:52pm Jun 12, 2017 9:52pm
- Joined Nov 2009 | Status: Trader | 2,756 Posts
trade own risk , I will NOT tell how high/low win rate for this trade.
Exits == most important part of your strategy
- #24,274
- Edited 10:13pm Jun 12, 2017 9:54pm | Edited 10:13pm
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
{image}
That means the drinks are on me then.
- #24,275
- Jun 12, 2017 10:02pm Jun 12, 2017 10:02pm
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
- #24,276
- Jun 12, 2017 10:31pm Jun 12, 2017 10:31pm
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
- #24,277
- Jun 12, 2017 11:55pm Jun 12, 2017 11:55pm
- Joined Nov 2009 | Status: Trader | 2,756 Posts
{image} trade own risk , I will NOT tell how high/low win rate for this trade.
Exits == most important part of your strategy
- #24,278
- Jun 13, 2017 12:49am Jun 13, 2017 12:49am
- Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts
- #24,279
- Jun 13, 2017 1:11am Jun 13, 2017 1:11am
- Joined Nov 2009 | Status: Trader | 2,756 Posts
Exits == most important part of your strategy