Search results

  1. B

    GBP/JPY Trading 2008

    209.50 is very strong. 212, 213 and 214 are as well. Seems everyone, including myself, has resorted to trading the ranges between the handles. Every short has a target of 209.45 - 65 - at least mine do - further contributing to the support. So here we are just playing for singles and doubles...
  2. B

    Proposed NFA Capital Requirement

    An equally valid issue is the "well capitalized" brokers being charged with, according to the NFA website ... • C.R.2-36(b)(1) - CHEAT, DEFRAUD, DECEIVE FOREX CUSTOMERS (http://www.nfa.futures.org/BasicNet...spx?seqnum=1023) Based on that it seems customers have an equally great risk...
  3. B

    GBP/JPY Trading 2008

    Here's a screenshot showing the statement above.
  4. B

    GBP/JPY Trading 2008

    You did get out, right?
  5. B

    GBP/JPY Trading 2008

    I thought the thread was dead too. There was an echo in here for a while. It's been rough. Made great profits until GY got stuck in it's current range. I have a rule for my ATS - 5 losses in a row = go to next higher time frame - 3 losses in a row and shut 'er down and either optimize or...
  6. B

    GBP/JPY Trading 2008

    Held over the weekend. Stopped and reversed overnight @ 209.91 for +293. Currently +214. We're right against resistance of 212 once again. GU broke it's resistance of 197.50 but Usd/Jpy looks like it might have a hard time breaking 107 in the short term. Good trading to all this week.
  7. B

    GBP/JPY Trading 2008

    Still short for +112. Part came off at 211.19. Debating whether to hold over the weekend due to the fact that we're hovering right on that nasty 212. I have a few minutes to decide. Quiet in here this week. I hope no one blew up.
  8. B

    GBP/JPY Trading 2008

    Stopped and reversed @ 212.84 for +467 - 86 (the 3 failed entry attempts) for a total of +381.
  9. B

    GBP/JPY Trading 2008

    Googled up a pdf on it. Printed and will read shortly with my 3rd cup of coffee. Knowledge is power. ATS looks like it's getting ready to bail out, maybe even stop and reverse.
  10. B

    GBP/JPY Trading 2008

    I viewed 212 as a major pivot where those who wisely bought at 205 decided to sell and not get trapped in the battle between 212 - 213. What is this Drummond of which you speak? Thanks.
  11. B

    Anyone give me a forex daily log excel spreadsheet?

    You're welcome. A great tool that clearly shows the power of compounding and position size management as well.
  12. B

    GBP/JPY Trading 2008

    It was tempting. 212 acted as resistance for 3 days straight last week. Price was beating against 212 for hours last night with no luck. However it might have been better to see what happened at London open. Next resistance is solidly at 213.25 - 214. It dates back to the first week in Jan...
  13. B

    GBP/JPY Trading 2008

    Haven't been able to log in until this morning. I'll try to recap from this trade on: This was not one of my better manual trades. Instead of staying focused I was talking on the phone all day and performing optimization for when I would bring the ATSs back online. I originally said I'd...
  14. B

    GBP/JPY Trading 2008

    Short term resistance of 206.5 held. Should have stuck to my original plan of covering if 205 didn't hold.
  15. B

    GBP/JPY Trading 2008

    Stop @ BE +5.
  16. B

    GBP/JPY Trading 2008

    207 looked real good. Sold @ 206.93. It played out like most of the sell stops from the run up were at 208.50. Probably a few at 207 by those who were asleep at the wheel but they got cleared out pretty quickly. I'm manual on GY for now. I don't like having the ATS live during times like this...
  17. B

    GBP/JPY Trading 2008

    Went short when price broke the 207 support. 205 is S1. If it fails one or 2 tests I'll cover.
  18. B

    GBP/JPY Trading 2008

    I was feeling frisky and bought (just 1 lot) when 208 got breached and sold when price reached the 8:25 spike. Seemed like a no brainer. I was long GU and in profit since last night so I took a calculated risk and I worked out. Currently flat.
  19. B

    GBP/JPY Trading 2008

    Rather tame right now. 207 is the key.
Back
Top