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- Zoran replied Oct 4, 2007
237.85 is the high on my platform and for someone that has a 15 pip spread, that's 238 (ask)! Good enough for me!
Sometimes we need to be a little flexible.Auslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
My stop is badly positioned just below that level. Unfortunately my runner didn't get a very good entry as price was moving too fast. But maybe someone with deep pockets is on my side!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
I just went short on EJ. Looks like that wedge is just about broken. Could this be the BIG one? Just when everyone is long? (except me)
Only joking ZAuslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
Depends how deep someone's pocket is. Looks fairly deep to me so I'll enter long if it empties.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
OK, my target was 238.00 and missed by 16 pips. I got fed up and closed it (not that high though). Someone is trying very hard to keep price away from 238.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
No, I am looking to enter long. I have 1 short entry from a trade I entered a few hours ago.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
The runner looks like this. Entry at 237.53 (bid - green dashed line) with original stop at 237.90 (bid - red dashed line) and open target. I would like to get at least 100 out of this one.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
This is what it looks like. Short at 237.52 (bid), stop at 237.90 (ask) and target open.
Daily GBP/JPY analysis
- Zoran replied Oct 4, 2007
All of the above. I go in with multiples. I take some off, set stops and leave a small runner just in case. At the moment, my runner is left but looks like he might get hit Basic MM: I nearly always take one entry off for +50 and set stop to be+1 on ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
Yes, someone did mention it once. I haven't looked into it myself (i.e - Zupp indictor). Let me know if it is any good.
Daily GBP/JPY analysis
- Zoran replied Oct 4, 2007
I look for them by eye and draw them by hand with the tools provided in MT4.
Daily GBP/JPY analysis
- Zoran replied Oct 4, 2007
Yes, not only are they accurate but some patterns offer excellent R/R. On this setup, the stop only needed to be above the X point (so 20 to 30 pip risk) and targets could be in the 100s. I use MM to manage the profit. The only thing is that the ...
Daily GBP/JPY analysis
- Zoran replied Oct 4, 2007
Yes, typo.... sorry, I didn't pick that up - risk was 20-30 pips
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
No, not all down hill. Just back into the 236 area, possibly high 235.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
Entry in the 60's (in fact 237.63) and stop in the 80's (above X), which is what I wrote. Check the daily GBP/JPY analysis thread and you'll see I called this pretty much to the pip. My trade is in and stop is set. url
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
I normally aim for 127% but play it with MM to get what I can. I managed to get 80 pips (60 + 20) on the CD leg but closed just before news otherwise I would have got the full 220 (140 + 80 on 2 entries).
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
Bearish bat completed on the 15min. Ideal short entry would be in the 237.60s and stop in the 238.80s. Low risk but probably too late to enter. I was posting this setup in another thread as I didn't want to interfere with Aus's long call.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Zoran replied Oct 4, 2007
The pattern is complete. I managed to get a high of 237.64 on both my live accounts but only 237.62 on my charting account so it looks like it didn't hit the line but it did.

Daily GBP/JPY analysis
- Zoran replied Oct 4, 2007
I'll wait for announcement and might buy if rates are left on hold (for a scalp).
Daily GBP/JPY analysis
- Zoran replied Oct 4, 2007
Just closed all of my entries at 237.05. for 60 + 20 = 80 pips. I'm not a news trader unless I'm well clear.

Daily GBP/JPY analysis