I'm off on friday morning - chat session t'mrrow instead of friday..
15:05 Courage on Fire; this trade is a braveheart for me
GBPJPY---BUY--Today14:17---132.89--Closed@14:42--133.90 101pips in 25 minutes ;D
11:10GMT Update on JPYs - USDJPY going for all-time lows; EURJPY next pattern support at 109.50 and then its Weekly support at 108ish. I think GBPJPY drop steam is out at 133.00-132.50.
09:55GMT My Big Lots in for LONGS GBPUSD, GBPJPY & EURJPY as JPYs hit almost -161.8% levels in daily.
09:15GMT It will be nice if GBPUSD or EURUSD runaway with huge UP/DOWN trend. I think it will be risk to make such assumptions. Some experts warn EURUSD back at 1.26 and GBPSD at 1.62 and there are others who think 1.35 and 1.55 will be the levels. My best shot will be to play according to fundamentals.
02:45GMT Good Morning Friends, Very late night session yesterday. Took some sleep today morning. I enjoyed the ride on GBPUSD & EURUSD - and I hope the hedge idea on EURJPY worked for everybody. It made 60 pips in both ways. Updates are posted on Pattern walls for Pre-FOMC & Post-FOMC. Almost everything worked to perfection yesterday and love to see today the same.GBPUSD is neutral now but looking UP; JPYs expecting some UP recovery and EURUSD is neutral with looks on Floor.
Wednesday, 11 August 2010
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What do you see GJ doing? I am long from 136 and need to average down.
ReplyDeleteI think everybody is waiting USDJPY to hit 83-84 range. Once its done check the Daily part of Pattern Walls it should reach +88.6% and then it should try +127%. So I'm bullish as this DOWN trend will loose steam. Japanese Govt fear factor is something I'm confident about; on the risk side Japanese last interference in FX was back in 2004.
ReplyDeleteHi J, your longs in gu, are they for a quick short trade or trades for to close above 1.60 areas? Thanks, M
ReplyDelete1.62ish i.e long-term approach (2-3 weeks) check the Pattern wall Weekly levels for same.
ReplyDeleteHi J, I am happy for you that you are returning these good pips. Has it been always like this? How long have you done this? May Allah give you millions more pips. Thanks
ReplyDeleteI do almost 1000-1200 pips a week - consistent mostly the lowest I did a week was 400 pips. The important fact for the 101pips trade was I played it only based on Pattern Wall and RSI. It worked but never expected to close the trade in 25 mins.
ReplyDelete