Still short at 3420, up 10 pip currently. Tomorrow should bring more volatility.
Gdp/jpy
- Thread starter TradingWise
- Start date
Still short at 3420, up 10 pip currently. Tomorrow should bring more volatility.
stopped out..
still long the same position i had from last Friday.
came so close to hitting my limit set exactly at 236.15...the bid went as high as 236.08.
i'm looking for some follow through to the upside today but if there is any weakness in breaking 236.00 then i'll close out at market sooner.
I went long just after I stopped out on the last trade. TP and SL are both set to 200. I will probably hold till one of the two hits. Currently up 85 pip.
good luck to both of us. i actually lifted my limit to 236.80 thinking that there would be follow through momentum to the upside this morning. basically, if i left my limit where it was (236.15) i would have been limited out...let's see if this was a mistake on my part.
the fact that as of this writing it pulled back to underneath the 236.00 figure is not ideally what i would have liked to see today. i would've rather much preferred to see it hold above 236.00 at this point in the day.
still, technically it hasn't done anything to make me want to get out yet. later this evening i may move my limit back down to 236.15 if going into the overnight continued upside momentum seems weak.
Are you still in this trade? The pair pulled back quite significantly, but that is to be expected of this pair. After the pullback i was down around 50 pip, currently I'm up 150 pip. I expect my TP to hit sometime early next week.
Have a nice weekend.
hey there comrade in arms...
i got limited out yesterday at 236.80...so this time around i guess it wasn't a mistake to lift the limit...hahaha.
just to recap my logic...i originally had my limit at 236.15 but there was a pretty strong move a few days ago that made me think there was more upside potential. so i lifted my limit to 236.80 banking that there was a safe bet the market would try to gun for 237.00.
so Friday morning the market leaped and took me out at my new limit. where is your limit at right now?
Good for you, that's probably a nice profit. As for me, I entered at 3538, TP is at 3728. So I hope the upside will continue
Quote from TradingWise:
Good for you, that's probably a nice profit. As for me, I entered at 3538, TP is at 3728. So I hope the upside will continue
a buddy of mine is also still long and we both believed that the upside should increasingly encounter resistance the closer it gets to 237.50. i think it's fair to say that early in the new week of trading it's highly probable to see it test somewhere between 237 and 237.50. anything beyond 237.50 would be less probable assuming no kind of unforseen news comes out causing an extreme reaction one way or another.
based on how the week ended i think you're position is in good shape. we'll see soon enough. good luck with that.
What time frames do you guys typically trade on the gbpjpy? and stop size?