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GBPJPY,D1 Chart Discussion
forex_trader_349915
Jan 16, 2017 at 03:41
Everything opened up in the right direction. Do not go long just yet. Looking for several candles (days) of consolidation before long.
forex_trader_349915
Jan 14, 2017 at 12:03
New Limit Goal - 131.50 area. The Wave Indicator for MT4 seems to work fairly good to keep you on the right side of the trade for GBPJPY. It's 50% move so far from the reversal at 148.5 area, an extension of this move for the second half points to 131.5 area give or take a few hundred pips.
I expect a few fractals to be created however I feel this target will be hit. When the channel begins for a few days and maintains support on high volume days I see a reversal coming which should surpass 148.5. I use 400+pip stops. Brokers will chase your 50 pip stops so I feel it's foolish to trade this way now a days. To get a better understanding of my log, watch Bill Williams Youtube video Fractals Holy Grail of trading video. I watched this about 4 times and it radically improved my trading results. Current position is up total 43% since 12-20. Simply amazing.
I expect a few fractals to be created however I feel this target will be hit. When the channel begins for a few days and maintains support on high volume days I see a reversal coming which should surpass 148.5. I use 400+pip stops. Brokers will chase your 50 pip stops so I feel it's foolish to trade this way now a days. To get a better understanding of my log, watch Bill Williams Youtube video Fractals Holy Grail of trading video. I watched this about 4 times and it radically improved my trading results. Current position is up total 43% since 12-20. Simply amazing.
liofx33
Jan 12, 2017 at 02:46
eujp
liofx33
Jan 12, 2017 at 02:46
but i will get out at121.58
liofx33
Jan 12, 2017 at 02:40
eujp support 121.23
liofx33
Jan 12, 2017 at 02:15
support 139.93
liofx33
Jan 12, 2017 at 02:13
gb/jp hitting low point, be careful
liofx33
Jan 12, 2017 at 02:13
hi, you're right but i only do scalping
Spackelspade
Jan 12, 2017 at 00:30
i thing the eur jpy gone drop soon to
sozofxtrading
Jan 13, 2017 at 16:38
I quit playing EURJPY. I only use for possible correlation to GBPJPY. Too many spikes.
Spackelspade
Jan 12, 2017 at 00:22
and wene its in place than wath :-)
