Gbp/jpy

[PipChick]

missed the 204.94 break but am considering a break short of 204.59. Dependent on the g/u and u/j when price approaches that level. 1 st target would be 204.13.Edited

[PipChick]

We are trading in a range for now and it seems like the only sensible trade for me to consider would be the upside break as mentioned a few posts back (around 206.20) or the downside break of 204.59. Anything in between right now could just be whippy and leave us holding a larger drawdown than I like. We still have the 4 hr ABC pattern and the price could go as low as "c" (chart posted earlier) and still be valid.

[4xStar]

Thanks for the welcome.
Looks like this pair is still bouncey-bouncey between its 50 and 100 ma's on the daily, my vote is bias to the downside but with this one anything could happen anytime. I went short the EUR-GPY earlier today & it is giving love now. The EUR is also weak against the dolllar whereas the cable has been all over the place recently. I wonder if it will take some news to give the G-Y a new direction.

[PipChick]

Today was whippy. I think I ended up with a whopping 20 or so pips (BARELY) . I am getting lazy but thought I would share my notes. See chart. These are just my thoughts on trades I am considering.

[PipChick]

Well traders, today a bit easier to trade. Price hit our target 3 almost to the pip. I am starting to see some setups emerge for trades Sunday Asia or Monday London. Will post over the weekend.

[PipChick]

I dont think anyone is here anymore. Boring trading by myself.lolol

[4xStar]

I'm still around but not trading after this morning .. I am setting up some new charts for which there is a learning curve! Congrats on nailing that last G-Y move and I look forward to your comments over the weekend.

PS PipChick and others, I have a 'semi-live' chat area if you want to chat with others while trading. I say semi-live because you have to manually refresh the page to see new messages, but it is pretty cool
Feel free to use it whether or not I am there, I check in every so often to see if anyone is using it.

[PipChick]

The posted chart displays the trades I will be considering for tonight and tomorrow. When I enter the trade and it begins to stall at TP levels, I usually scale out a bit and buy a dip to the preious TP level depending on the circumstances at that paricular time. I also take into consideration what is happening fundamentally and time of day.

EDIT: On the chart it says I may sell at 204.19. I SHOULD say 206.19 and NOT 204.19

[cadarkitek]

I fell in love with this recently. I think price will remain choppy below the D extension for sometime, I'm looking to buy above D ext.

[cadarkitek]

Still looking for a decent break-out above D, however I enter a Long @207.4 reason: price hit trendline @ .236/.382 Fib. Retracements & forms a tweezer bottom @ c (fib. convergence). risk was 33 pips, 1st profit taken @ D/b for 60 pips. See chart below.