Good afternoon, forgiveness for all the posts I did on the buy signal on GBP / JPY and I had gone wrong, it was because I still have to fix my bills mathematics to know exactly where do the shopping, let them pardon and the signal here no errors:
BUY GBP/JPY AT 133.95/90/89 The enter points vary according the spread to each broker).
STOP LOSS: 133.75
CONFIRMATION:
X1 (1.15+0.95+0.55)= 2.65
X2 (0.85+1.15+0.25)= 2.25
X3 (2+0.90+2)= 4.90
X1+X2+X3= 9.80
143.65-(X1+X2+X3)= 133.85
The limit profit i will tell ou the next week, thanks and sorry for the mistakes.
Well price never came down to your buy spot and if it does it will most likely continue down, as that pair looks to be in a longer term downtrend at this time. So, you’d be buying after a retrace up, and watch the pair keep going short. Probably the worst place you can buy.
Anything can happen, but I doubt it.
As I said earlier your 20 pip SL for GY is redonkulous, thats asking to lose pips on GY, it’l hit that SL with a slight wiggle and laugh at you.
I have to ask where did you get the mistaken belief that mathmatics calculations are good way to choose trades? Or, that, that even works?
If you don’t want to be stopped out a 100 pip stop for G/J is more like it in my experience. That means a smaller lot size or risk a bigger loss but 20 pips is just a blink of an eye with this pair.
EDIT>>> at some point soon I think G/J will retrace some but I have not seen it show me that it has started yet. Even today it made a new low lower than last weeks plummet.
mathmatics calculations its the best way to trade, the pair will stop de down at 133.87 or 133.83, my point its in 133.85 so efectivity 98% the last 2% its easy 133.85-2= 133.83/133.85+2= 133.87
Well, wrong again. Again I ask where did you get this mistaken belief that you can trade soley based on mathmatics calculations? The market doen’t move according to maths, it’s moved by people and institutions who trade.
Lucky for me I’m short that pair and currently up 173 pips.