I think your stop was missed by one pip but I dont understand how did you get to calculate the stop at 239.08 instead of 239.05... The range was from 237.72 to 238.81, so 109 pips, so the 20 % would have been 22 pips above 238.85 as a stop....

Sedona- A system for inactive hours

Well, I guess I could have avoided this setup last night due to the strong move upwards...Until now, every time the price was at the upper part of the box, it went above the limit and triggered my stops...

Sedona- A system for inactive hours

today it might be tricky, due to the recent up break of EU and GU. But I hope that GY topped around 238.80 for the night, so if we get some retracement, we can get our short orders filled in profit My TP is at 238.35... maybe I will change it to ...

Sedona- A system for inactive hours

what makes u believe that? on the daily, doesnt seem too much OB yet... talking about the hourly?

Daily GBP/JPY analysis

sorry, what do u mean by dollar wave off? (i know, newbie question)

Daily GBP/JPY analysis

Hehe, dont worry I was long since 1.9760 on GU so I got 80 pips and out...it was a clear double bottom there, but this move really took me by surprise...i hope its not true what they are saying here,... EDIT: Im starting to love euro, this old man ...

Daily GBP/JPY analysis

You guys think its safe to buy now or wait for a retracement? Just advice, of cos i wont blame u I closed my longs at 238.40 thinking that it doesnt seem likely to go over this resistance a 238.60...

Daily GBP/JPY analysis

my god....what the hell do we need to see some real movement around here? Im really curios what are the traders really waiting for these days, coz there hasnt been a serious move since beginning of may...im frustrated.

Daily GBP/JPY analysis

great week until now, GY is moving with the speed of a snail...went up 50 pips in 9 hours...

Daily GBP/JPY analysis

well i suppose there were so many buyers on the market that nobody was selling anymore.... and why is it so strange if a retracement happens? even in a carry trade the pair should retrace, it cant go up to 250 straight away... even if it goes to 233 ...

Daily GBP/JPY analysis

man this was like old times, when i started to trade GY. Just enter sell and after 15 min i am up 40 pips

Daily GBP/JPY analysis

well in my opinion the downtrend is on its way and the last move up to 239.75 just made a double top... the charts were too much OB, so I go for at least few more hundred pips down...

Daily GBP/JPY analysis

Well, god damn the british with their fcked up pound. why are they selling it just ahead of BOE rate hike? very pissed off... cable just retraced the whole move from yesterday. LOL, damn, I got my own answer with pure technical analysis. Just pissed ...

Daily GBP/JPY analysis

any signs of topping again at 239.55? 10 min ago i was 100% of a follow trough but now i believe the opposite...thats the beauty of this beast...

Daily GBP/JPY analysis

anyone placing trades today? I know its FOMC coming soon, but I will go ahead and place them, so hopefully they get filled up in profit. Sell 239.12/239.25/239.39 ST 239.66 TP 238.80 Buy 238.31/18/04 ST 237.77 TP 238.80

Sedona- A system for inactive hours

in my humble opinion, I would bet on GY going higher than 239.20 until UY goes above 120 and GU above 1.9940 which are both resistances...

Daily GBP/JPY analysis

thanx a lot man.

Daily GBP/JPY analysis

you take these levels from masterforex.co.uk right? i also started to rely on them, especially on daily and 4 hours pivots....

Daily GBP/JPY analysis

This was a good one Cesarnc. Thanx to u, im up over 100 pips on both longs at 238.15 and 238.60. Bless u.

Daily GBP/JPY analysis

Did you guys take the short signal around 238.50? I guess the setup is perfect this time, ADX and DI- look very strong, so I really hope it will go down for a while. Cheers.

strategy HILO on GBP/JPY