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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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Watch out Major........
.........we are on our way.
+55 and moving stop to b/e
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its a very volatile pair!
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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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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...
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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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hmm not looking that fantastic
any point at which you think the target of 203 becomes unlikely
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my news feed says this :
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[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.
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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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any quotes u need just ask arco
or use these
http://www.global-view.com/fxtrek_charts.html
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