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- Plutonite replied Apr 5, 2007
Priceless moment. The idea of ppl trading a pair with a 8-pip spread on a 1 min chart never for a second occurred to me. He's still crazy though
Daily GBP/JPY analysis
- Plutonite replied Apr 5, 2007
yezbick — This is an innocent question: do you actually trade monthly charts on GJ? I only ever met a few people who see the wisdom in weekly EUR/USD and GPB/USD charts, but monthly? Do you have grandchildren?
Daily GBP/JPY analysis
- Plutonite replied Apr 5, 2007
FYI — The spike was not a joke it seems..clear breakout from 1H waves, swing down on the 50 EMA, bad GP news, several signals..etc..etc. It's time to sell in other words. My TP is 233.45. Expected fulfillment in 7 hours.
Daily GBP/JPY analysis
- Plutonite replied Apr 4, 2007
Agreed. But for long positions now why should we exit? We would lose money on a correction candle, if it were indeed a correction. Best bet is to tighten SL as you said, and keep open positions until further action.
Daily GBP/JPY analysis
- Plutonite replied Apr 4, 2007
thoughts.. — OK boys, looks like a standard hiccup in the daily chart, nothing to worry about - merely a correction. If it goes back down to 234.00 though, then it could be serious about going south. I have my SL on 234. My TP remains on ...
Daily GBP/JPY analysis
- Plutonite replied Apr 3, 2007
cesar: what kind of indicators are you talking about, and do you honestly trust them enough to go against a breakout like this? It's not about the trend, i'ts the fact that u guys are shorting in the middle of an upwards break. That's why it sounds ...
Daily GBP/JPY analysis
- Plutonite replied Apr 3, 2007
Since that pair had a firmer/clearer breakout than this one, I would say no. Of course, big news/huge stock market movements can change that, but at the moment there is no reason for price movement other than upwards given the breach of a multi-week ...
Daily GBP/JPY analysis
- Plutonite replied Apr 3, 2007
Can't miss out on this party — Im going back in, 234.95, TP is 235.30. I cant believe you guys are shorting already.
Daily GBP/JPY analysis
- Plutonite replied Apr 3, 2007
Alright, theyre pulling back. I made 100 pips with high volumes and decided to back away for now. If it goes back up to 234.90 then probably safe to say you can long again and TP 20 pips from there, maybe even 30. Of course, I'm being very cautious ...
Daily GBP/JPY analysis
- Plutonite replied Apr 3, 2007
Do not short, for God's sake — Guys, this is a clear breakout. Why are people speculating on Sell Limits and all that nonsense? You're gonna lose money. The sterling is going up until the bulls have dispensed their energy and dropped dead, ...
Daily GBP/JPY analysis