I have gone long $Y now... it has confirmed... 40 pip stop. OK going out Out NOW haha!
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I have gone long $Y now... it has confirmed... 40 pip stop. OK going out Out NOW haha!
locking in +30 pips at 116.94 and holding .. currently 117.30
Good trade Peat,take a look at eur/jpy,goes the same way,nice hourly run this arvo,often tidier also.
Cheers
Miner
Evening All
Big move about to happen on GBP perhaps....
arco
...still going currently +103@117.66.
have locked in +60 now with stop at 117.33
if I was premature in detecting a breakout on the upside on Fri, I would now say its definitely confirmed, the daily having clearly broken through my descending upper compression line.
Hi Peat
Nice trade.
The action has breached the previous resistance, so looking good.
arco
cheers miner and arco.... thankfully its not in demo either heheh.
Hi Peat
well executed trade Peat,its great when the
folding is flowing the right way!
cheers
cadet roddy
yes Roddy it is, unfortunately for me however its only recouping losses at this stage.
Last nite I got bold and added at 117.50 so now have 2 contracts on the run. My stupid software doesnt have trailing stops so I will continue to raise them manually. Have put one at 117.63 (+100) and one at 117.75 (+25).
Its a tricky thing choosing these stops.... theres always that desire to hold onto the gains and relinquish as little as possible, but full well knowing that a retrace of 40 or even more pips during the Asian session is not a trend change, and as soon as it stops you out it will race ahead again (and of course I'd be at work and unable to re-enter).
I wish I could calculate those Gann levels like Arco. I was reading up on them but its all very hazy --- squaring price and time???
Hi Peat
You appear to be doing OK with this one.
So, what techniques are you using now to decide on your trades?
FYI theres a Gann ceiling above that may create some hesitation 118.65 (+/-10). This figure changes daily.
regards - arco