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GBPJPY
Miembro desde Oct 02, 2014
posts 909
Miembro desde Oct 11, 2013
posts 775
Feb 24, 2016 at 07:35
Miembro desde Feb 15, 2016
posts 165
Really awesome.I guess some profit taking and retracing has set in.It is not ready to proceed to 155.38 area yet.rather,I am buying till 159.70 area with some TP at at 159.12 God-willing. After which we shall be due for another massive shorting till 155.38 God-willing.
to turn humble investments into huge fortune with minimal risk ...
Feb 24, 2016 at 07:42
Miembro desde Feb 15, 2016
posts 165
Trace2good is right.There is a strong close below the last low and daily and weekly pivots S2(both).I suppose we are heading to 155.38 level,God-willing.
Happy shorting.
Happy shorting.
to turn humble investments into huge fortune with minimal risk ...
Feb 24, 2016 at 07:43
Miembro desde Feb 15, 2016
posts 165
Should price blow through the 155.38 level we may close most of our positions and target 153.973 before possible retracing or else we should spot another good entry to target 150.379,God-willing.The pair awesome.
to turn humble investments into huge fortune with minimal risk ...
Feb 25, 2016 at 07:39
Miembro desde Feb 15, 2016
posts 165
Good day traders and GBPJPY fans.I see sentiment changing from short to long now.If the GDP news at 9.30 GMT come out positive or higher than expected,I expect a very strong rally-up.If negative,it should give a better low entry point to buy from for a great ride up,God-willing.Below are my technical reasons summarily:
It has been a great ride down since last week with about 678 pips this week alone.With daily candle printing essentially a pin bar at a daily pivot support level S2-155.064 and a good close far above this S2 at 156.18,we are set for a long trade.Stochastic cross-over at S2 in 4HTF is also a good reason to long.Finally there was about 5 hours of consolidation over daily central pivot 156.061 with the ultimate strong breakout close above the central pivot at 156.128.It seems right to long then for at least 500 pips for the averagely aggressive traders.
The conservative traders may wait till a strong close above yesterday's (24.02.2016) daily candle or a retest of today's low and settling down of the market after the high impact GDP news at 9.30 GMT.I am looking at a partial take profit at 160.95 and with a good close above this level,a final exit at 164.20-almost 800 pips by next week,God-willing.
Happy trading.
It has been a great ride down since last week with about 678 pips this week alone.With daily candle printing essentially a pin bar at a daily pivot support level S2-155.064 and a good close far above this S2 at 156.18,we are set for a long trade.Stochastic cross-over at S2 in 4HTF is also a good reason to long.Finally there was about 5 hours of consolidation over daily central pivot 156.061 with the ultimate strong breakout close above the central pivot at 156.128.It seems right to long then for at least 500 pips for the averagely aggressive traders.
The conservative traders may wait till a strong close above yesterday's (24.02.2016) daily candle or a retest of today's low and settling down of the market after the high impact GDP news at 9.30 GMT.I am looking at a partial take profit at 160.95 and with a good close above this level,a final exit at 164.20-almost 800 pips by next week,God-willing.
Happy trading.
to turn humble investments into huge fortune with minimal risk ...
Miembro desde Dec 11, 2015
posts 1487
Feb 25, 2016 at 14:01
Miembro desde Dec 11, 2015
posts 1487
trade2good posted:
Closed all shorts at 155.20. Now went long at 156.20 and aiming for 165 within next 2 weeks 😀
What makes you think there will be a reversal?
Miembro desde Oct 02, 2014
posts 909
Feb 26, 2016 at 21:23
Miembro desde Jun 04, 2014
posts 29
that was my trade two days ago
Miembro desde Feb 21, 2016
posts 5
Miembro desde Oct 02, 2014
posts 909
forex_trader_29148
Miembro desde Feb 11, 2011
posts 1916
Mar 01, 2016 at 18:07
Miembro desde Feb 11, 2011
posts 1916
nzdjpy just entered 5 shorts orders tp at 74.43
Mar 02, 2016 at 06:28
Miembro desde Feb 15, 2016
posts 165
Thank you rob559 for the NZDJPY apir idea. EURJPY is another good pair to long at this time too as they are all STRONGLY POSSITIVELY CORRELATED.See https://www.oanda.com/forex-trading/analysis/currency-correlation
to turn humble investments into huge fortune with minimal risk ...
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