Trade what you see, not what you think.
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- | Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
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DislikedHi,
If you don't mind, could you say the reason you have gone short GBPJPY here, all the JPY crosses are currently showing a couple of failed highs after the recent run up, but I don't know if you watch these for clues or not.
I can't see anything yet on the GY suggesting short.Ignored
DislikedHello. Before I pose a couple of question, I have to say your journal is great. I've been following your trades and I've learned a lot. However, I'm still challenged with entry's for this currency pair.
I see that the GBP/JPY has been channeling between 233.60 and 229.50 since Sept. 19. How are you timing your entry's? Also, do you think the GBP/JPY will break in one direction or another and resume a trend anytime soon? What do you think is keeping this currency pair from breaking?Ignored
DislikedThere's something wrong with me or the market is just crazy, GU was looking bearish to me and getting ready for a fall but no, the market goes the other way, typical LOL.
short GBP/USD
Entry: 2.0172
Stop: 2.0272
Target is open
Update I: moved SL to 2.0320
I moved my SL just above the recent high of 2.0316 and here's a chart which shows things much clearer.
http://img210.imageshack.us/img210/8599/gulb8.gifIgnored