A fair bit to support my entry long in my view 4h trend line 'support' Strong support level on the 1 and 4 hr chart Weekly pivot Red Zone Bounce up from 231 Bounce up from M2 (230.98) Pin bar on 5, 15 & 30m 50 pip stop giving me a RRR of at least ...

Daily GBP/JPY analysis

Wanted to post these charts earlier but had to go out and didn't have time. Possibly on the verge of a a move north, I went long 231.35 on a rejection of the 4h trend line based on the close. May be totally wrong but I have profit locked in now so ...

Daily GBP/JPY analysis

Must have missed something there so Smjones was talking to someone called ronald, never saw his chart! Thought it was strange.

Daily GBP/JPY analysis

Hi Scott, Sorry about the incorrect size wasn't aware, rectified now I hope. I am a bit of a techno moron so that taxed my brain. Regards, Chris. My 4h T/L

Daily GBP/JPY analysis

Yes you are of course correct, I was basing the that trade on a bounce off the 4hr trend line on a five minute chart and like I said optimism got the better of me lol.

Daily GBP/JPY analysis

Good Morning, Stopped out of my main position last night at 231.90 for +153 Placed an order at 231.60 L3 this morning at +1 right now looks likely it will stop me out. Islander your snake I notice is showing some bullish divergence on the 1m so ...

Daily GBP/JPY analysis

Just came back to my Pc to find a nice surprise GJ at +200. A nice steady trend and it has broken the 4 Hr declining trend line so maybe the carry traders are back in business. After the last unwinding in February/March we had a steady rise through ...

Daily GBP/JPY analysis

Yeah me too, I actually learnt an enormous amount without realising it at the time. All the pieces have fallen together as I have gained experience. The 'Strato formula' I believe needed a lot of discretion which only comes with experience and I ...

Daily GBP/JPY analysis

Stratoblaster !!! — I believe Strato would be shorting this pair right now. Price at H3 Green zone. Vtop on 5 & 15m with higher juice than then preceeding candle. Trending down on the hourly chart. Target daily pivot and L3

Daily GBP/JPY analysis

Yes I am all for simple I mostly use clear charts just trend lines and s/r, still use the above chart though with juice there just as an indication of volatility, not actually as strato used it. Don't know if i need some green juice maybe orange ...

Daily GBP/JPY analysis

Yes I would agree with you 230.84 is the better support. We have a little green juice though . Ref: hangover.... remember when I could look forward to feeling better as the day progressed, doesn't seem to work like that any more!!!

Daily GBP/JPY analysis

Made up for my earlier lose after longing at the lower trend line 230.37, removed half at 231.30 (h3), I will exit if it breaks below 231. May be a good buying opportunity here?

Daily GBP/JPY analysis

Attached 4 HR chart ...Opinions welcome. If price manages to break the 229.50 level I see 228.20 as an easy target, below that the centre of the 4 hr channel. If price breaks north a retest of 231 and if that is broken the upper 4hr declining trend ...

Daily GBP/JPY analysis

Good Morning, You had a good entry Islander, I too got up late and have a slightly thick head this morning (self inflicted lol), normally I have my Pc turned on around 0645 UK time so I too missed a couple of good selling opportunities. Sold at the ...

Daily GBP/JPY analysis

Trend lines are just awesome I have longed from this lower 1hr trend line 232 for the 5th time all profitable. When this one broke below I thought it may be a loser, but it looks like the 1h candle is about to close above it so with luck will turn ...

Daily GBP/JPY analysis

Price is stalling around the declining T/L so may decend to the lower T/L, time will tell. You are definatley correct about scalping being the way to go, with this weeks news ranging was on the cards from the start. Besides a couple of nice moves ...

Daily GBP/JPY analysis

OOPS forgot the chart!

Daily GBP/JPY analysis

Thanks for your reply Zoran. The declining 4H trend line is being tested again so maybe it will break it this time and move up to 238.80 (pesonally I hope you are right would suit my system). If it does move up I see 234.80 as a strong resistance on ...

Daily GBP/JPY analysis

Hi Zoran, I notice we did come down a bit first lol . Have made money both directions today so I'm happy where ever it goes. Would explain you reasoning behind your forcast please, as to why you believe it will rise to 238 and then fall 1700 ...

Daily GBP/JPY analysis

Well the trend line acted as good support and became a good buy when it broke the decending trend line. Price going to stall here at m2 for a possible short scalp but may then retest the the 4h decending trend line. I could be wrong, lets see what ...

Daily GBP/JPY analysis