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Rocketbunny (Rocketbunny)
Apr 24 2016 at 06:32
5 posts
How long can u go

Lose Small and Win Big
mmafxbook (mmafxbook)
Apr 27 2016 at 11:50
165 posts
Hello traders,GBPJPY has reversed in my view.Our intermediate tp is 175 but for today or tomorrow let us target 163.97 God-willing.This is because the daily downward sloping trend line has been broken with conviction and the 4h time frame has made some structural journey of HH and HL severally.

to turn humble investments into huge fortune with minimal risk ...
mmafxbook (mmafxbook)
Apr 28 2016 at 07:36
165 posts
After the above post yesterday,the GBPJPY pair encountered a resistance level and halted,being a previous structural swing high 44 hr level on 30/03/2016.I suggested selling the pair with TP at 158.37 as it may want to re-test that historically strong level too.That comment was not delivered due to the current Internet disruption at my end.

I remain bearish till 155.30 unless a support hold,God-willing. Should the daily downward sloping trend line that was broken to hrald the bullish trend be broken again and a a strong close below 156.51 4hr low,I will suggest that the bullish trend lack conviction and I will resume selling with TP at 151.80 God-willing.

Let us watch keenly.


to turn humble investments into huge fortune with minimal risk ...
stian
Apr 28 2016 at 12:18
325 posts
Plenty more fuel for the brexit risk:

https://www.bbc.com/news/business-36150191

OECD gives some for the anti-immigration people:
https://blogs.spectator.co.uk/2016/04/oecd-says-brexit-would-slash-immigration-to-a-quarter-of-todays-levels/

That, along with a fairly strong pound (that is likely way overbought) and not much to weaken the yen after BoJ, opens up levels below 155 again.

mmafxbook (mmafxbook)
Apr 28 2016 at 12:23
165 posts
Alright,I close all my short positions on GBPJPY.I buy now with SL at 156/.10 and TP at 163.97 God-willing.

to turn humble investments into huge fortune with minimal risk ...
arigoldman (arigoldman)
Apr 30 2016 at 15:07
907 posts
It'll likely continue dropping.

mmafxbook (mmafxbook)
May 05 2016 at 14:31
165 posts
Friends,I believe the bearish sentiment has reversed.I am bearish now with SL at 151.53 and TP at 169.714 level.This is about 300 pips risk to make 1,500 pips profit,God-willing.

Happy longing!

to turn humble investments into huge fortune with minimal risk ...
rob559
May 05 2016 at 15:49
1916 posts
mmafxbook posted:
Friends,I believe the bearish sentiment has reversed.I am bearish now with SL at 151.53 and TP at 169.714 level.This is about 300 pips risk to make 1,500 pips profit,God-willing.

Happy longing!


you are right

mnierop (mnierop)
May 07 2016 at 09:56
11 posts
GBPJPY was hardly moving the last few days, I wait for a definitive break up or down, pullback, and then enter on the continuation. Prefer a break to the downside, because of BREXIT.. however it seems to turn in a more positive sentiment regards to this, which is of course better for the GBP.

They say, you learn from your mistakes.. so I hope to make a lot of them!.
arigoldman (arigoldman)
May 07 2016 at 19:18
907 posts
Not really optimistic, so i'm staying out at the moment.

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