EUR/USD & GBP/USD & AUD/USD Forex Trading

[increasenow]

Quote from sakhter:

I thought you got rid of 50, 100 and 200 MAs?

nope...I am actually liking them more than ever!

 

[increasenow]

Quote from ryank:

I generally trade from about 5am-ish to no later than noon. I don't like the slow movements after London closes.

I was 3-0-1 for the day, +55 pips.

great trading...hey, what do you use for stop-profit ratio? 1-1, 3-2 etc?

 

[ryank]

Quote from increasenow:

great trading...hey, what do you use for stop-profit ratio? 1-1, 3-2 etc?

I've never really kept close tabs on that to be honest. My stops are a few pips above/below the previous bar and my targets are generally at support/resistance levels. If my stop is going to be something like 40+ pips I most likely will pass on the trade depending on the situation. If I had to guess I would say my stop-profit ratio is around 1-1ish.

 

[increasenow]

Quote from ryank:

I've never really kept close tabs on that to be honest. My stops are a few pips above/below the previous bar and my targets are generally at support/resistance levels. If my stop is going to be something like 40+ pips I most likely will pass on the trade depending on the situation. If I had to guess I would say my stop-profit ratio is around 1-1ish.

cool and thanks

 

[increasenow]

Quote from sakhter:

GBP/JPY down trend is over.. lol very nice roller coaster ride since Thursday.

there may be another re-test of the 159.59 level.. seeing as how it supported that fall from the moon...

Other than that. I would buy 160.24 and exit 160.90..

High probability trades for GBPJPY:

1,000,000 @ 160.93(entry) - 161.09(target) long

1,000,000 @ 159.30(entry) - 159.19(target) short

great stuff sakhter...thanks for posting!

 

[increasenow]

***GBP/NZD looks like it's gonna fall off the earth on a daily chart...

***would not call USD/CHF a 'bull' yet...look at the daily chart...

 

[ddaytrader]

GBPJPY

Sell Stop 159.35
Stop Loss 160.35
Target 158.00

10:38 PM price is 159.52

Win, lose, or draw, I'll see you in the morning.

 

[ddaytrader]

Quote from sakhter:High probability trades for GBPJPY ... 1,000,000 @ 159.30(entry) - 159.19(target) short

I'll say ... it took all of 4 or 5 seconds after dropping through 159.30 to hit your target.

I'm short at 159.35, target 158.00

 

[AJFCapital]

I'm getting ready to buy the EUR/USD in a few hours.

It has major divergence....

Anyone else thinking the same thing?

 

[southbeach4me]

I don't trade forex, but from a technical point of view, it does look good for a LONG play. Good luck............

How far away you going to put your protective stop?.........just curious