Thanks! Frank

GBPJPY

Hello. If GBP/JPY breaks through 239.40, how much higher do you think it will go? Frank

GBPJPY

Thanks Choopyaz! I've got to get up early tomorrow. Frank

Daily GBP/JPY analysis

What time will the hike decision be made during Eastern Standard Time (US)? Thanks, Frank

Daily GBP/JPY analysis

jest1081, Thanks for the reply. So, the trend is still up? It looked like it reversed. But, now, it looks like that was just a retracement. Frank

Daily GBP/JPY analysis

This pair has definately been unpredictable. Once you think a trend is established, it goes the other way - just enough to touch your stoploss. Frank

Daily GBP/JPY analysis

Everyone has offered a lot of great advice. I'd like to add one more from my personal experience. If you are just starting out, only risk half of what you think you should. Trade small. And then gradually increase it once you are consitently ...

Need help with how to manage risk

Mark, I agree, that it should help. Were you referring to the idea of a covered call or hedging? I will include some real option quotes if this will help those who don't have access to pricing for options. For Hedging: Let's use USD/CHF as an ...

Option Hedging Strategies

Mike, Theoretically, if you are long GBP/JPY, and you sell a covered call for the pair, the pair should be able to drop as much as the premium before you lose money (plus the daily swap will help too). Ideally, it would be nice for it to go near the ...

Option Hedging Strategies

I'm interested in following this thread as well. I have experience with trading options with equities, but not with Forex. I've looked into it, and the strategies I planned on using were very expensive. Buying Puts or Calls to hedge was very pricey. ...

Option Hedging Strategies

I've been waiting for another wave down as well since last week. Where do you see the 61% line at? Thanks, Frank

Daily GBP/JPY analysis

This has happened to me on numerous occasions. I always seem to put my stop where it will get hit by 1 pip. Even when I move it an additional 5 pips, it still gets hit. Now, I move it a little further, and I've had slightly better luck overall. But, ...

Should I complain to my broker about stoploss being hit?