Moved exits — The breakthough is in movement finally. moved exits to 130 - close to S6. 130 is a low point hit during 1995 time frame (historical information). Higher British unemployment and poorer retail sales signal further down turn.

My Gpb/Jpy trades

Reentry — Entered (short)trade at 137.5 (sl at 141) with 4% money- risk is now close to 14%. (Added 2% to the existing 2% already in trade) Expecting a slow break through. The momentum still dragging its feet. If breakthrough defaults, 14% ...

My Gpb/Jpy trades

worth the wait-500pip gain — Finally prices headed down last night to stop below S4 at 133.5. The prices finally moved past the point to around 132. gain = 138.6-133.5=500. (changed the exit limit to the same yesterday) Breakout imminent next ...

My Gpb/Jpy trades

break even — The price crossed S2 (around 137.5) and moved the trade stop loss to b/e but moved it back to 141.5 an hour later, judging a slow break through. if breakthrough starts - 1000pip gain potential. moved limit to 125. atr being around ...

My Gpb/Jpy trades

lost 300 pips — Entered short at 137.5 - triggered stoplimit at 140.5. lost 300pips/ Assumed breakthrough after candlesticks on 12/04, moved below floor-atr/2. Entered too early. It could be that the actural breakthrough took place on 12/03 ...

My Gpb/Jpy trades

800pips gain — Entered trade(short) at 146.5. Stop loss = max ceiling + atr/2 = 148+3=152. exit planned at S6 - major trend down expected due to 3rd time bounce from the ceiling. S6 = pivot - 3*atr = 148.5-3.5*3=138. pip gain 146.5-138 = ...

My Gpb/Jpy trades

Calculating Max Ceiling Using Simplified Strategy — Using number from the previous example Candle stick max for 10/22/08 = 168. Candle stick max for 10/23/08 = 161. So Max ceiling = 168+161/2 = 164.5. Stop Limit = 164.5 + 5.0 (atr/2)=169.5 ...

My Gpb/Jpy trades

Simplification of strategy — Current Strategy uses max ceilings (in case of down trending pair) as a reasonable guesstimate using chart watching both the daily and hourly candlestick patterns and trying to speculate on high point based on the ...

My Gpb/Jpy trades

g/y futures — researching for last couple of days with futures information, it unlike in the case of stocks doesn't seem to be a significant forecaster for the forex market. Need to take the previous blog on predictions using futures to be ...

My Gpb/Jpy trades

Nice Trade — Nice going Greg - prices crosses CPP, great momentum. worth the wait!

My GBPJPY trade journal

futures — The web site below shows the futures for several major forex pairs and seem to indicate a sharp fall for Nov 20th(tomorrow). g/y pair futures is conspicuously missing. a low employment figure news release at 9:30AM should signal a ...

My Gpb/Jpy trades

ceiling — Max Ceiling (known) for today is 160.95(or 161 rounded off). Ghadeer, there is no way of knowing the max ceiling accurately since the ceiling itself is a range. the only information i have is historical candlestick patterns. in ...

My Gpb/Jpy trades

Trade was slow in exiting — lost patience and exited close to S3 at 153.8 and pip gain amounts to 163.5-153.8~920pips. close to 38% gain on balance.

My Gpb/Jpy trades

Central Bank intervention — When the central bank of a country intervenes and manipulates currency does that create gaps? I mean difference between closing and opening values between time zones or if the intervention is over the weekend, then ...

My GBPJPY trade journal

changed exits — Had to change my exits as volatility reduced mostly because of upcoming non-farm employment change news. With atr(10) hovering around 7.5, exit is at 153. However the ceiling has triple returns and would be an indicator of a ...

My Gpb/Jpy trades

Trade shown — The trade shown in attachment, is entered using the strategy above. The max ceiling is around 161.00 and atr at the time was 10 which placed the stop limit at max ceil + atr/2 = 166.00 it pivoted at 165.2 and is headed down - ...

My Gpb/Jpy trades

Nice Trades — Good going there Greg! Haven't seen you take 200pips before!

My GBPJPY trade journal

atr — How do calculate ATR @ 600 or 550 ? Intellichart atr looks diff. Can u explain. Thx --------------x------------- The atr(10) is in the daily charts. Open charts on candlesticks pattern and set it to daily (showing day movements). Now ...

My Gpb/Jpy trades

upper channel line — Morn' Greg, where did the upper channel line come from also what does CPP stand for?

My GBPJPY trade journal

postin — not posting anything in this thread anymore. Bluebird, will have to go to "my gbp/jpy trades". replies posted there.

My GBPJPY trade journal