₦airaland Forum

GBPJPY

harizonal123:
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market have refused to move

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The continuation movement is left for the Americans and Asians Obviously a bullish candle for next week , maybe the week after ...

No positions with GBP till after 1pm news..there is no clear direction for now.. dont force it.. lots of opportunities after the news

Yeah this rate cut could likely occur in August instead..Its to early to decide a rate change ..No enough data just few days after Brexit.

JLINE:
The 2nd chart is eurgpb monthly tf...its quite clear here whats happening. this is not a major but a combination of two different major though. the brexit candle is there just very long and pushed as far as it can get but according to the law price doesn't come to the norm once the 100 level is bridged once at least not every time maybe on rare scenario. on the chart price is currently sitting on the 750 level which should in no place send the price crashing back down or there might be a sharp upward re-test and then a fall down.
with the above two analysis on my mind,i expect GBP reports to be bullish,not to forget that there are several reports between today and tomorrow but i am trying to look at the one that will be move the market maybe for a while or so.
NOTE:take notice of the "if" word i used severally,its just a bunch of crappy analysis as i might be wrong which i also doubt.
as much as i want the news to be negative but there could be help coming for these guys temporary to put them on a safer side.
NOTE:it has not been proven where TA is used to know the outcome of FA,am just trying to see if its possible and i could be wrong.
Finally,my bias is that GBP reports or mpc votes or interest rate will come out BULLISH for GBP.

GBPJPY , Now is the best time to find a sell entry ahead of BOE report tomorrow, so your entry price would be far from price level by then..If the rate remains unchanged , current price movement would only turn out to be a retracement to continue the recovery upwards..if indeed a rate cut then expect lower weekly low and a nice monthly white candle

or and buy gold ..I expect a huge bear movement from the Asians tonight .... I observe they only do whatever the London and American market tells them to do, they hardly have the power to break a high or low that couldn't be broken by the american and Londoners ..they only follow movement

GBP i don't think the bull ride is sustainable for now...could see lower prices till 1pm tomorrow..aftermath depends on news outcome.
I think it would go down , The Asian session and London couldnt send it higher ..Thus The Americans would send it down follow up by the asians tonight..Thats what I see happening..
unpredictable for now.hence dynamic updates on this pair is constantly being updated as info unfolds stay tuned

Sold at #1338.62 its been doing everything opposite to GBP these days

EmmanuelD1st:
Sold gold @1338.85, SL:1360.00

GBPJPY , just bought .. waiting for price to move 50 pips so I place stop loss and go sleep

GBPJPY just sold TP 135.89 , to buy from there ..BoE will most likely hold the rate at 0.5% if they aim for stability. A rate decrease will devalue the GBP even further and a rate increase will damage their already weakened economy...
So come Thursday if there happens to be a rate decrease , GBP will take a huge nose dive ...else the uptrend would continue for a while although still not good for british economy.. its a twist
After carneys speech yesterday , investors and traders ought to take a clue from the tone of the message if there would likely be a rate hike or not this Thursday , but since price took a huge bullish momentum , they probably deciphered it to be a no rate decrease and hence the more reason for you to buy GBP and close position on Thursday... till after News so as to not get caught in a crossfire

GBPJPY , 145.69 zone is attracting price to it like a magnet , in order words a pivot point .. ..buy on next retracement and take profit at that level...dont buy and relax everything is possible with GBP these days , final sell downwards could happen anytime after such bullish move.

All positions closed based on equity level reassessment in view .. I think the buyers got this one

GBPJPY price arrived choice level . I opened a sell position there .. lets see what happens there ...From the fundamental aspect , British prime minister to resign sooner than expected and a new PM already in place to speed up the BREXIT process .. BOE likely to slash interest rates to half or zero.

jorel1:
Those who heeded to my tips would have quadrupled their accounts by now and counting.. .From my side currently counting 4200% ROI (350% this month since 1st July)
Meanwhile take profit zones still valid , stop chasing small price movements around

Meanwhile prepare to add another
buy to GOLD as it retest #1357.12 zone
sell to GBPJPY as it retest #133.33 zone

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lol its obvious you are making lots of money , I don't think you still need the petty income from indicator sales .

felixzo1:
true talk, experience is the best teacher, not laughing a you per per say but what people are doing general on the thread, quoted you because it's was an example that can easily be avoided, the forex market is a tough one, only the die hard survive for long periods

. For example some pros having multiple open positions have their stop as a % drop in equity in all combined positions. they know how much they've made and how much they are willing to give back in worse case. I apply this strategy as well

felixzo1:
I have been reading post here, I just laugh.you guys take a lot of risk.personally any trade in up by 65 pips I can never loss on that trade again, that where trade management comes in. when you up with that number of pips simply bring your stop loss to your entry price soo that if price turns against you you will not loss, preserve the capital for the next trade.I keep seeing things like a 100pips stop loss , if I may ask what is the risk reward ratio with that wide stops. in forex market it's difficult to win even 70% of the time, with that type of stop loss 30% loss only can cause a lot of harm if you have a poor risk to reward ratio

its nice if you don't laugh, and why do you think 100 pips is wide? this is a relative term...someone here always say the market doesn't belong to your papa , let experience be your best teacher .In that case everyone has different teachers..
e.g when you say trade goes 65 pips and back you can never lose on the trade again, its laughable for some..i think the market is more like a jungle and every participant employs different strategies to survive in it....

All this noise about NFP , just noise . Its not even capable of initiating a new trend but a retracement .. i wonder why people still trade it ....It helps when you are already in a trade and it pushes you in the trend direction depending on the report . But trading NFP specifically to make money is an unnecessary gamble.
I have 3 open trades on Gold , the news took a hit on the most recent position , I just kept watching it as it pushed price down knowing fully well the trend is up. Although down 200 pips it got to its limit and bounced back up. If I had a stop loss then I would have been stopped out for some rubbish NFP but I just kept watching knowing fully well when to hit the X button.

Market is just a Nollywood film , repeating itself in different scenarios
Now no more adding any more positions on all trades , leaving all to get to my TP level.. Thats how we roll
GBPJPY , GBPCHF will get to the low of 2010 either with this months candle or next months. I believe thats where buyers will come in short term before breaking the lows.

Experience and Patience

Finally, Market is back to normal (I hope )...stupid NFP just paralyse market since yesterday causing extreme retracements

Virtually 80% of posts on each page is from You ... it gets boring seeing same over and over again BTW congrats on your wins

JLINE:
us30 missed the X line with 50pips,i expect a full touch and then a retrace down to the pink X line before taking upwards to the next level.

right , 200 pips is quite a lot for 15mins TF , I would use 200 pips on daily instead or weekly ..but 15mins ? common

JLINE:
i saw the bolded and shook my head...if this is what you know at your extent of knowledge then its fine but if this is what you think every long term trader does then you are wrong. Everybody to its own dance like i mentioned before here,if you haven't learnt on how to use lower stops doesn't mean others can't. it just about what you learned and how you learned it...i was about dropping some names of traders that uses 10pips stop for 2500pips tp but i thought that was too far...i just checked through my old posts to bring up one of my charts,check the chart with the date,posted it here june 27. entered with 30pips stop and tell me where price is now even if i closed too early @200+ pips though cos was not always online.
i prefer not using stop than using 200pips stop on 15mins tf.

jorel1:
Those who heeded to my tips would have quadrupled their accounts by now and counting.. .From my side currently counting 4200% ROI (350% this month since 1st July)
Meanwhile take profit zones still valid , stop chasing small price movements around

Meanwhile prepare to add another
buy to GOLD as it retest #1357.12 zone
sell to GBPJPY as it retest #133.33 zone

Gold already arrived retest zone , and reacting , should be a smooth takeoff from here .. I hope
GBPJPY , too much downside momentum to get to that retest level ..

jorel1:
GBPCHF just added another sell to my current inventory as it retests the low of 2015 turned resistance.

Trade now in the money

fair a enough

Capitals:
I agree with you, second buy GBP trade today nearing TP, I didn't even attempt to reach 200pts, 100pts to 150pts is good enough. till I join the sell wagon

jorel1:
Those who heeded to my tips would have quadrupled their accounts by now and counting.. .From my side currently counting 4200% ROI (350% this month since 1st July)
Meanwhile take profit zones still valid , stop chasing small price movements around

Meanwhile prepare to add another
buy to GOLD as it retest #1357.12 zone
sell to GBPJPY as it retest #133.33 zone

Watch the above levels closely,

GBPJPY just broke the the Low of BREXIT , this is a good sign of downside momentum . only few small sized candle on the 4hr TF already gave 860 pips.. Buyers would be taking a huge gamble on a potential reversal as brexit related news get released everyday and not so good. (look at your chart, buyers havent stood a good chance since BREXIT why would it now after breaking significant low)
am not saying buyers wont make money but given the current market circumstance, if you must trade GBP pairs you need to tweek your system a little to suit this juicy brexit market. if you take a buy trade these days as this month bearish candle forms, you could make maybe 200pips but sell trade gives you at least 900pips. if you are patient a enough for a retracement.

GBPCHF just added another sell to my current inventory as it retests the low of 2015 turned resistance.

Those who heeded to my tips would have quadrupled their accounts by now and counting.. .From my side currently counting 4200% ROI (350% this month since 1st July)

jorel1:
Choose only one direction to trade , one with the highest reward to risk ratio.

Meanwhile take profit zones still valid , stop chasing small price movements around

jorel1:
GBPCHF , Its a free fall down to #1.152 ..no resistance to this zone at least for the past 25 years
GOLD TP #1523.33
GBPJPY TP

Meanwhile prepare to add another
buy to GOLD as it retest #1357.12 zone
sell to GBPJPY as it retest #133.33 zone

JLINE:
Then with the above information i claimed worth a million might just be too emphasized...lol
but lets go through a rigorous check of how it works then if its worth it or not... There are 4 major crosses which are Eurusd,Usdjpy,Gbpusd and usdchf. well then i chose to pick Eurusd and Usdjpy,personal reasons though...you can pay to know that though. lol kidding
Right on,so i study just 3 economy and those are where my attentions are focused...they are:USD,EURO AND JPY. with this i am able to trade other pairs with these crosses but not involving another major pair like GBP OR CHF...i mean with my 2 pairs named above(eurusd and usdjpy) i can trade other crosses like audusd,nzdusd and any other pair before usd in a particular format not minding that particular countries news and stuffs but not involving any other majors like gbp or chf.
seems like i am derailing the thread now,that was the reason i wanted to open mine and please someone should be bold enough to say that to me if i am actually derailing it so i can stop cos i have a lot to say not yet started...

just in case you are looking for the right word..just in case.. SPAMMING is the right word.

Having more money in the account is no guaranty that your trades will end in profit .. In fact you could could end in a deficit in your first 5 trades and you end up only trying to make up for the losses, so you spend 2 months or so trying to make up for losses (From initial capital of $1M , you are down to $950K then spend 3 or 4 months to get it back to $1M at the end of the year maybe you end up with a break even or still negative ). and you call this making money ?? looks like a merry go round game to me

worst case scenario , revenge emotion comes in and you have to triple lot size to make up for the losses quickly (why not , afterall I have more than a enough capital) and then you begin to make irrational trade decisions..

One just needs to be good with trading and a good risk/money management process .. else if you claim to risk only 2% of capital and you are taking bad quality trades or dont even know right time to buy or sell , its just a waste of time...

If you know how to trade very well both technically and fundamentally when to place a buy sell order , you will make money consistently , you will even make much more money if you have a good risk and money management process coupled to it.
But if you are only sound with money / risk management , you wouldn't make money , only merry go round

AXYZ:
You're on point, Priceaction . If we have big money, you are most prolly going to make better money.

Jline I get you, it's just that say, 4hr candlestick, for instance. In a trending market, it would easily show you the trend, taking cognizance of the probable supports and resistances and the obvious pinbars, all things being equal. My opinion though.

I think the guy has the right to charge whatever he deems fit ..it's up to the client to decide if they accept the fee or not...
So I don't understand why you all pokenosing in a business activity going on outside your thread.... it's business and it becomes your headache only when he does it on your thread.

lol, Forex pre - maths dey sweet