Man! The pair just keeps reversing in every direction.
Yes it is but my Spidey senses are telling me that if the daily close is anywhere near these levels, then we might see a breakout to the downside. Probably on the next session.
TRADE 1 2/3/15
Long position on GJ @ 177.60. Took trade based on failed breakout to the downside + large bullish bars on the H1 time frame. Stop loss will be manually triggered if price closes below 177.30 and TP is manual close at 177.20 for a 2:1 reward/risk ratio. 13:1 leverage used.
UPDATE: +60.9 pips. Closed manually @ 3PM Tuesday.
TRADE 2 2/3/15 3PM
Long position on GJ @ 178.28. Eyeing 179.20 for TP. Closing manually if price closes below 179.00. Decided to enter again after small pullback. 13:1 leverage used. At least 2:1 rr ratio.
UPDATE: SL @ 178.15 hit overnight for -13 pips.
I’ve read this thread from start to finish.
FourYouBoo,
Any tips/comments?
TRADE 3 2/4/15 9AM
Long position GJ @ 178.95 w/ TP @ 180.00/SL @ 178.72. Medium-term looks pretty bullish to me although price is at a key support-turned-resistance area.
UPDATE: Closed manually at 178.51 for -47 pips average.
T4 2/4/15 04PM
Short position GJ @ 178.47. Entered based on key resistance level + bad news from the EZ area. Anyways, this position was closed manually at 177.85 for +62 pips. Decided to close manually so i can open again once price pulls back enough to make the commission tradeoff worthwhile.
T5 02/04/15 05PM
Re-entered short position GJ @ 177.93. TP @ 177.35/SL @ 178.30. Could’ve entered around 178.10 but the spread was still high so had to pass on that good entry. Anyway, still calm. Bit pissed though since i still have a lot of loss from early week that i won’t be able to get back this week.
UPDATE: Hit overnight SL @ 178.80 :19: for -86 pips. This week has been a disaster.
T6 2/5/15 12PM
Long position entered early morning @ 178.88. TP @ 180.15/SL @ 178.80. I realize that i’ve been reacting to single movements in the 1-hr and 4-hr chart all week and that it hasn’t been good for my account. Every swing low and swing high i took. Being flexible in terms of your positioning bias is indeed important but too much just leads to losses.
UPDATE: TP hit at 180.15 for +127 pips.
T7 2/5/15 02PM
Long position re-entered on GJ @ 180.18. SL @ 180.00/TP @ 180.65. Betting on a break from the 180 resistance zone.
UPDATE: Closed manually @ 181.43 for +124 pips. Lucky me the NFP and Fed comments were positive.
[QUOTE=“mistermappy;681370”]FourYouBoo, Any tips/comments?[/QUOTE] do you have Kik messenger?
No. I only use Skype and Gmail.
T8 2/6/15 09AM
Re-entered long position on GJ @ 181.22 w/ TP @ 181.80/SL @ 181.05.
UPDATE: Closed manually at 181.75 for +53 pips. Didn’t want to wait too long as the week’s trading is almost finished.
T9 2/8/15 7PM
Long position on GJ @ 181.40 - SL @ 180.10/TP @ 182.50. Price made a gap down over the weekend. Betting it’ll close that gap. Medium-term, my bias is bullish for the pair.
UPDATE: SL got hit overnight @ 180.75. -65 pips.
[QUOTE=“mistermappy;682115”]T9 2/8/15 7PM Long position on GJ @ 181.40 - SL @ 180.10/TP @ 182.50. Price made a gap down over the weekend. Betting it’ll close that gap. Medium-term, my bias is bullish for the pair. <img src=“301 Moved Permanently”/>[/QUOTE] Why do you consider is bullish?
09.02.2015 07:00 CET Buy EUR/USD @ 1.1320 4/5 SL 1.1220
09.02.2015 07:00 CET Buy EUR/AUD @ 1.4575 4/5 SL 1.4440
09.02.2015 07:00 CET Buy USD/JPY @ 118.85 4/5 SL 118.20
09.02.2015 07:00 CET SELL GBP/JPY @ 181.40 4/5 SL 182.30
09.02.2015 07:00 CET Buy EUR/JPY @ 134.55 4/5 SL 134.00
Curious, why you bought EJ? but sold GJ? The pair moves almost exactly the same direction.
It ended the week bullish and it has began to make hh/hl. Risk/reward perspective, i also like the bull side more.
T10 2/9/15 1PM
Long position re-entered on GJ @ 180.40. SL @ 180.10/TP @ 181.25. h4 and daily still look bullish to me. Will stick with the bias for the meantime.
UPDATE: Closed manually for +149 pips. Price was heading towards last swing high. Will be seeing how it reacts and maybe re-enter a long position.
