Thread: GBP and JPY Pairs H1 2013

Originally Posted by jogold18

from 1.2290 till present (around 10 days), price has manged to stay above the daily pivot the majority of the time. so ill continue to think like that and presume price will respect the daily pivot and so long as we able to stay above the monthly pivot.......... if we close below then we might be experiencing a pop or a "fake out"..... also another sign that price has more bullish strengh in it then weakness is the fact that price has managed to stay above the weekly pivot for the last 2 weeks.
lets see if this week will be the same, support being 1.2580................

GL.......

got triggered for a short with a tight stop above current resis.... ganna take a few pips off the table around 1.2640/30 and go back in where all the flow is......... which is up.

also went for a hedge long and keep it for a day or two if it goes to plan and respects the pivot which could send it for a new high............. there's also the 200MA and weekly pivot that im looking out for. they could also act as support.

anyway need to head out so let it do its thing i guess.... stops check, limits check,

Is anybody looking for support?

Originally Posted by Foxy1

Is anybody looking for support?

Yes, but there are some strict rules for me to enter the trade, so I cant really tell until I get the signal.

I have a similar problem, I can't go short on the gap up because of the breakout from last week and can't go long until I get a buy signal so I am bored stiff at the moment.

Originally Posted by Foxy1

I have a similar problem, I can't go short on the gap up because of the breakout from last week and can't go long until I get a buy signal so I am bored stiff at the moment.

I know how u feel lol.. I built very, very strict system coz im not that kind of trader who would rely on long term number of trades.. I just hate losses! so I pick just very probable trades.. and even as I am trading H1 TF there are days when nothing happens I hope we bounce from support and head north.. if we do.. I´ll be in Theres no need to hurry ... Im just chillin out and checkin charts every hour... damn I gotta buy a tablet so I could enjoy summer in the woods and be working as well

Originally Posted by Allan Tuscany

Yes, but there are some strict rules for me to enter the trade, so I cant really tell until I get the signal.

showing good discipline there, not often see this

support turned resis, went for another short, small one as is. but expecting it to turn soon or at least find some kind of support to get a move up.

going with the flowwwwwwwwwwwwwwwwww.............................

Originally Posted by root-minus

showing good discipline there, not often see this

Thank you, I believe there is no other way to profitable trading than trading with discipline, responsibility and composure.
Unfortunately in the past I paid with lot of money, blood and sweat for this information
I think every trueblood trader is impatient and impetuous at the very beginning and everyone needs to go through the way of loss to find a way how to win!

Originally Posted by Ikee

Back to 1.2580 then up to 1.2860 should finish this retracement off........

So far so good..........

Originally Posted by jogold18

support turned resis, went for another short, small one as is. but expecting it to turn soon or at least find some kind of support to get a move up.

going with the flowwwwwwwwwwwwwwwwww.............................

For God's sake, this should not become true...

Originally Posted by Allan Tuscany

Thank you, I believe there is no other way to profitable trading than trading with discipline, responsibility and composure.
Unfortunately in the past I paid with lot of money, blood and sweat for this information
I think every trueblood trader is impatient and impetuous at the very beginning and everyone needs to go through the way of loss to find a way how to win!

honest, open and true to yourself


rare

18th June 2012 | UK Session Update - YouTube


This is an interesting market commentary. Figured everyone might like it. The message is intended for UK market players and there is a warning in the beginning that says NOT INTENDED FOR US RESIDENCE or something to that effect.

No really GOOD news means more of the same.....which has been BAD news..... thus, downward trending for most of today I would expect!

Originally Posted by NHAppraiser

I have a high of 2740 and a low of 2440 for the stops.
Just my view.

So we just hit the 1.2740 area Sunday/Monday.
I also have a target of 1.2785 and a stop of just below 1.2450. currently around 1.2610 so a little worse than a 1:1 ratio.
A 4H close much below 1.2590 indicates to me a drop to around or just under 1.25 before heading up to the aforementioned 1.2740 area.
Just my view. Trade what you see.
Edit: I just looked at the 1H and 30M charts and I see 1.25 coming.

Originally Posted by Bal

For God's sake, this should not become true...

im just pointing out my views and where i expect the most likely support. im guessing with what i say, it gets you a little confused? on the shorter term (5min) the trend is down so im shorting it.

if i zoom out to a 4 hour chart, u see the Orange line? its a form of support which is why im calling for some kind of up move.
if we break below then i see price moving back down to 1.2290/80.......
technically speaking we are still in an uptrend hence the HH & HL on the chart below.

As long as we are above 12540 we are bullish (Short term)... Right?