Looks like we have got a false breakout in gbp/jpy today. The pair broke through support and came back. If it goes to support level in european sesion I would be looking for opportunities to buy.
Again support is at 132.40. We have to wait and see what happens at that level, especially before european session.
It looks like the GBPJPY is quite close to the 132.77 support level that. Is that the support level you were talking about? If so, then we are basically touching this right now. The problem I have here is that there is also another support level at 130.70 (or about there) and my moving averages on daily and 4Hr are all pointed down…isn’t it risky to trade against the main trend? (and going long like you said you might?)
One more thing - actually has nothing to do with any trades but if you look at USDJPY we are are at a 13 year low…scary stuff isn’t it? Would you trade of the 84.72 level?
Sorry for making asking lots of quetions but I wondered hw much attention you pay to pin bars/ inside bars etc. in your trading methodology. Is it important for you?
Thanks for helping us novices out!
Right now I see two levels of support. One is 132.80 and another is 132.40. I do not trade asian sesions so if support levels are not reached during european sesions, I might take a day off. Fridays as you know are crazy days.
I do not like usd/jpy. I seldom trade it. A very boring pair for me.
And I do not like moving averages. They do not tell me anything that I do not know.
Bars, pin bars are not important as well (for me). Support and resistance are the things that I look for. They can be connected with daily highs, lows, session highs, lows and quite many other things.
Going long is not dangerous if you use a stop. If you do not use stops it is dangerous even if you go with the trend. Major trend is down for gbp/jpy, but intermediary still up.
I do not know if I answered all your questions. If you have any more feel free to ask. No problem. 
I think more action will be in cad pairs today. Some important news coming from Canada. Not sure, but gbp/jpy can be influenced as well.
Pretty boring range. Not doing anything at the moment with gbp/jpy
I am slightly bullish at this level. However, resistance is at 132.00. I will watch for reversal patterns there. If price retraces to 130.00 level I would buy after reversal is formed at support.
Resistance of 132.00 was broken on friday. Now it is support. If it goes to the level in european session I would look for opportunities to buy. 133 is now resitance.
gbp/jpy bumped into double bottom on the 31st of august (last week) and now ranging between 128.64 and 131.00. Buy at support and sell at resistance. Simple trading system.
Hello Fibo. I’d like to know if you trade commodity pairs. I notice that you tend to stick to a lot of the same pairs, how often do you trade USD/CAD, AUD/USD, and NZD/USD? If you do trade them, how comfortable do you feel with them and what are your thoughts in general?
Hi, I do not trade commodity currencies very often. I prefer gold and silver instead. Sometimes I take aud/jpy but not very often. I do not feel comfortable with usd/cad. aud/usd is a little bit better. nzd/usd hardly ever trade. I prefer eur/usd, gbp/usd and gbp/jpy. When I trade news then there is a much bigger choice. I could take eur/aud, eur/cad, gbp/cad.
In trend trading possibilities also expand. But in day trading I try to limit myself to a couple of pairs that I mentioned.
gbp/jpy is at resistance now, there could be shorts at the level when a reversal structure is in place. Support is at 128.00
Support at 128.00 held now it is at 128.50. Opportunities to go long from there. Again, price action around European session is the most important to watch.
If Japs continue intervening the best policy would be to buy after retracement.
Good video. I think for audio reasons you just need to speak a little bit louder with that deep voice so that things are more clear.
Great video though good to see someone pulling in good pips!
Thanks. I am pretty bad with audio stuff, but improving bit by bit. Trying to make my speaking better.
superb…
Yes, but what exactly is superb? Thread, post, video, beautiful day…?