Thread: GBP and JPY Pairs H1 2013

Originally Posted by buggypilot

Don't you just love it when a plan comes together! Credit: The A-Team.

Oh, Good Day Traders,

Time to start hanging some nets as my target stopped closed at 1.32 for a gain of 61 pips.

-Rod

There may be a little life left here but I'll stay side-lined seeing that it's TGIF. The SEK and USDOLLAR are trending down and topside ICH was tagged and ICH weather approaches.

Team Trading is more fun than trading alone.

Remember this upcoming news. Time is GMT+1-London Time.

hello traders again,

nice up channel atr resistance at 1.3234, as u can see in the chart the macd confirming the move up and right now we are at res on macd so i can expect some consolidation/pullback before we resume our journey up
thank you play safe and use leverage wisely!

Originally Posted by turmaz

hello traders again,

nice up channel atr resistance at 1.3234, as u can see in the chart the macd confirming the move up and right now we are at res on macd so i can expect some consolidation/pullback before we resume our journey up
thank you play safe and use leverage wisely!

and yes i have trailed my stops up to just under 1.3140, just for any thing unexpected happen, stops are not meant to be taken out or hunted down stops are for unexpected price shocks and save the equity, stops must not be taken out, if taken out with out price shocks or before reaching target prices then stops are not well placed or TP is not correct

thank you!

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Bloomberg Television: Live TV - Bloomberg

Originally Posted by rcopadilla

Team Trading is more fun than trading alone.

I think trading while you sleep is the best IMO

Originally Posted by turmaz

and yes i have trailed my stops up to just under 1.3140, just for any thing unexpected happen, stops are not meant to be taken out or hunted down stops are for unexpected price shocks and save the equity, stops must not be taken out, if taken out with out price shocks or before reaching target prices then stops are not well placed or TP is not correct

thank you!

that's interesting, "stops must not be taken out before reaching TP". i like to place stops where i think the market tells me that i'm wrong, anyway good luck. i'm short from 3190 and my stop is 3217

Originally Posted by analyzer

that's interesting, "stops must not be taken out before reaching TP". i like to place stops where i think the market tells me that i'm wrong, anyway good luck. i'm short from 3190 and my stop is 3217

if you read my post slowly you will get my answer about stops and target prices and yes as a real traders we are wrong a number of times, because you can not be 100% sure, this business is speculative business and we trade "risk"

thank you!

Originally Posted by Fx(MIA)

I think trading while you sleep is the best IMO

I do like my sleep and try and get it during the normal local time frame. Team planning is however beneficial as the more info on the table the better. But I like placing orders and target stops as I don't chase pips, life is just too short.

i need to keep yourself busy with something so did you sell it ?
it's not bed, this baby going down tell monday morning,usually it does but you know how nows...i'm walking away from my pc its the best way lol
Have a good weekend everyone

The minimum target before any upside reversal is the 30min Boll20 midline around 1.3163. That means a little more downside is to be expected.

Will probably do more shorting around the 5min Boll20 midline around 1.3190.

Daily SSI Report for 4/20/2012 - Good Morning Traders! Happy Friday to you. I hope you are awash in Pips!

Looks like Euro bears have gotten themselves trapped. But they are still shorting the Euro. SSI points to more gains for the Euro. The G20 may surprise with some sort of solution to the sovereign debt crisis.

Look at the over 6:1 Ratio of Short versus longs on the GBP/USD!!

Happy Trading!

Greg

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.67 as nearly 63% of traders are short. Yesterday, the ratio was at -1.39 as 58% of open positions were short. In detail, long positions are 6.8% lower than yesterday and 16.1% weaker since last week. Short positions are 11.8% higher than yesterday and 40.9% stronger since last week. Open interest is 4.0% stronger than yesterday and 4.4% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

At 5min upper band. Lower high w neg d. on tick chart. More shorts

sorry guys it's wrong chart ,i sure we call this stress

Originally Posted by rcopadilla

At 5min upper band. Lower high w neg d. on tick chart. More shorts

well, i somewhat added to my short by shorting eur/jpy @107.82