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Thread: GBP.JPY

  1. #1
    action-reaction arco's Avatar
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    Default GBP.JPY


    This pair could be thinking about a foray north
    to test Major Gann who is dug in at 203.12

    arco




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  2. #2
    action-reaction arco's Avatar
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    Watch out Major........
    .........we are on our way.

    +55 and moving stop to b/e






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  3. #3
    Legend peat's Avatar
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    its a very volatile pair!

  4. #4
    action-reaction arco's Avatar
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    Good Morning Peat

    Volatilaty is really profitable if you know how to use it.

    I got out last night with 98 pips as the action approached
    the resistance from 3rd Sept.

    The current look could be forming a Cup and Handle
    so I will probably go back in again once I can see
    more confirmation.

    arco





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  5. #5
    Legend peat's Avatar
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    yeh i saw your post a bit late to take advantage of it and so got in too late only to watch it retrace on me.... so once again I manage to stuff up something. [:o)]
    Currently looking to me like some consolidation before more climb tho.... so will hang in there rather than bite the bullet...

  6. #6
    action-reaction arco's Avatar
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    Hi Peat

    Yes, I think you will be OK with that trade.

    I have an buy order waiting at 202.25
    and may gradually move that entry down
    as time goes on.

    arco

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  7. #7
    Legend peat's Avatar
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    hmm not looking that fantastic
    any point at which you think the target of 203 becomes unlikely

  8. #8
    Legend peat's Avatar
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    my news feed says this :

    .
    [GBP/JPY] rebounds sharply after the downside once again proved good support ahead of the 201.00 pivot. Those who sold on large fixing offer orders (allegedly linked to Gilt sales) are now running for cover, causing a choppy move higher. Refreshed selling is expected to emerge into 201.70/80, while stops are mooted above 202.00.

  9. #9
    action-reaction arco's Avatar
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    Peat

    I'm having connectivety problems at the moment so
    cant get any live charts. Will give my thoughts
    later when the issue resolves.



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  10. #10
    Legend peat's Avatar
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    any quotes u need just ask arco
    or use these
    http://www.global-view.com/fxtrek_charts.html

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