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.
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GBP/JPY Trading 2008
- Thread starter ForexPro
- Start date
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.
Quote from bigmrfrank:
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.
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.
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 stay out. Currently I'm out. The losses were small but still losses.
If you place fibs from 210 - 213.50 you'll easily see how strong 212 has been. It's hard to fight it or trade it. So here we are finally at/under 210, barely. I'm probably not getting back in until a close reasonably under 210 or over 213.50. I might get back if price returns to 212 and strongly rejected downwards from about 212.25 (which happens to be exactly 38/61% fib number from the 210 - 213.5 range). It's happened 5 times in the past 2 days (check the fibs) but not strong enough for my liking. The daily is favoring a downside turn but support will kick back in at 208. 208 is strong but not all that strong.
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 stay out. Currently I'm out. The losses were small but still losses.
If you place fibs from 210 - 213.50 you'll easily see how strong 212 has been. It's hard to fight it or trade it. So here we are finally at/under 210, barely. I'm probably not getting back in until a close reasonably under 210 or over 213.50. I might get back if price returns to 212 and strongly rejected downwards from about 212.25 (which happens to be exactly 38/61% fib number from the 210 - 213.5 range). It's happened 5 times in the past 2 days (check the fibs) but not strong enough for my liking. The daily is favoring a downside turn but support will kick back in at 208. 208 is strong but not all that strong.
Quote from bigmrfrank:
If you place fibs from 210 - 213.50 you'll easily see how strong 212 has been. It's hard to fight it or trade it. So here we are finally at/under 210, barely. I'm probably not getting back in until a close reasonably under 210 or over 213.50. I might get back if price returns to 212 and strongly rejected downwards from about 212.25 (which happens to be exactly 38/61% fib number from the 210 - 213.5 range). It's happened 5 times in the past 2 days (check the fibs) but not strong enough for my liking. The daily is favoring a downside turn but support will kick back in at 208. 208 is strong but not all that strong.
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