Sorry need to correct myself my buy level last night was 130.80 not 130.80. Still holding my long from last night with profits locked in.

GBP/JPY

That was my buy level last night & it held up very well & pair rocketed off it. If we get back down there ill definitely be looking to add more.

GBP/JPY

130.80 level on GBP/JPY held as we'll for support so far & provided some nice bounces today. A nice rally in the US equities market today & these yen crosses will fly.

AUD/USD

81.00/81.50 is area I like for longs SL will be near 79.50. I agree if this pair breaks to the downside there's going to be a ton of support levels it has to get thru. The path of least resistance seems like the upside to me.

USD/JPY Discussion

Definitely need to careful with this pair or you'll die a so death from a million paper cuts.

USD/JPY Discussion

I too feel that all the JPY crosses are in a consolidation & 84 should be hit in the near future but I think it's going to be a bumpy ride getting there.

USD/JPY Discussion

Basically about the same levels I'm looking at. Depends on ur time frame & how many or those orders get filled. I tend to layer in based on the price action & when I feel comfortable with my size I determine it from there but its always at least 100 ...

USD/JPY Discussion

image Could go either way this 1 but I definitely like a shot at the long side here.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Sounds good. I definitely could see this 1 going either way but I tend to wait for the second entry or consolidations after a move to get involved & I just think that the long side is the immediate entry that's not to say if I'm wrong I won't wait ...

GBP/JPY

US data has been getting better. JPY elections will definitely have some effect on the crosses as well. Not Abe can be fully priced in cuz he's not in at the moment. image

USD/JPY Discussion

image Keep in mind we are consolidating above channel & current candle has basically just begun. Also the consolidation is happening at levels higher than 2nd entry where a major selloff has occured. Hopefully this gives ppl a better understanding ...

GBP/JPY

Longer term view 81.00 - 81.50 area looks like a great area to start building a long position. Min stop of 100 pips is what I'm thinking.

USD/JPY Discussion

Agreed. It seems as tho almost all economies are in the toilet right now & it's a matter of going with the lesser of 2 evils.

GBP/JPY

My time frames are for early next year & I only use news to start scaling out of my positions & lock in profits if the trust is the direction on my bias. As I said I use smaller leverage and larger stops. I'm not discounting the fact that GBP is ...

GBP/JPY

I'm guessing your short & that's fine & that's what makes a market somebody wants to be long & somebody wants to be short, but trying to pick tops & bottoms is pure gambling in my eyes. I may be new to this forum but I been trading on prop desks for ...

GBP/JPY

I think it might be sooner than that. Positive swap doesn't hurt either while waiting.

AUD/USD

Break north and very hard the bottom of consolidation range is still holding. Not mention the majority of retail money is way to short. Lastly BOJ is expected to announce another round of stimulus Y 880B this Friday. Don't think we'll see the move ...

GBP/JPY

Based on the daily we are trading in a consolidation range between 131.80 & 132.20. I'm leaning more towards the upside on this one because of the levels its consolidating at, but I don't think we'll see a move this week unless we get some serious ...

GBP/JPY