Sell half, and hold the second half and enter trailing stop — This is a good concept. Next time sell half and set a trailing stop of 30 pips or something on a trailing stop. Good trading, not being greedy is an important concept to success.

GBPJPY scalpers

198.28 hit Already ARG! — 197.20 next. I sure hope that holds!

GBPJPY scalpers

Tough night — Well I think we are headed down today, targets at 198.30 197.20 and 196.10 these are 61.8% 50.0% & 38.8% these of course are based on fib levels from the LOW on 3/16 @ 192.66 the 180MIN chart this morning is calling for a ...

GBPJPY scalpers

double bottom on 2 min GJ — Its crazy that the double bottom on the 2 MIN from yesterday held at 201.47, and the hourly had a low of 201.47 too, which obviously ran up 100+ pips. I am targeting 204 next on my longs, then 205. Good luck with ...

GBPJPY scalpers

All I see is bullish here — The new break out above 202.25 changes everything I think. It looks like it is going to be a bullish day for GJ. There is no more significant GBP or JPY news coming out. I don't know why or how she is continueing ...

GBPJPY scalpers

Sorry I am NOT seeing the bear flag — I got longer overnight at 201.30 and 201.39 which I have already sold. I am still long on 10 others and nothing here is showing down. ITs steeply going very north ATM. Where are the shorts?

GBPJPY scalpers

Its going to have trouble with 202.25 — I am long and hoping it can blow through 202.25 but it looks like there will be quite a bit of resistance there. Seems to be perking up for another run at it ATM

GBPJPY scalpers

It certainly appears the USD will strengthen — However there is also the possibility that instead of tucking itself back into that channel that it breaks down and clearly breaks out of that channel and goes mad south.

GBPJPY scalpers

Double bottom on 2MIN — 201.47 double bottom on the 2 minute chart

GBPJPY scalpers

Good Bounce off bottom on 5MIN right NOW — I may get short if it breaks like 201.20

GBPJPY scalpers

Slowly north I think — The market may be dragging waiting for the FOMC minutes. But it looks like the U/J will move higher and the GU will move lower. Key will be what is weaker against the USD the JPY or the GBP. I think GU has only slightly ...

GBPJPY scalpers

GJ double bottom on the 12MIN — I got a double bottom on the 12MIN and the second bar is green. And the third is up slightly. You guessed it I am getting longER.

GBPJPY scalpers

Jekyll Island? — Jekyll Island?

GBPJPY scalpers

Sadly thats the MO of the USGOV — The USGOV has been robbing us and lieing to us for almost 100 years. Sure now is the time for change, but as long as we have a monkey in the oval, we have no chance of getting any truth out of that office or ...

GBPJPY scalpers

From accucharts, SMA and EMA — The Simple Moving Average indicator is generally used to identify or confirm a trend and works best in trending markets. It will not signal that a trend change is imminent, but it will help determine if an ...

GBPJPY scalpers

OK I stand corrected — Theoretically double bottoms should work on all time frames and I see why it should be valid on ALL time frames. And in fact I will change my beliefs on this one and from here on out consider double bottoms valid on all ...

GBPJPY scalpers

I thought M used a 50SMA on the 15M — I don't really understand the difference between SImple and Exponential moving averages. I get the idea that EMA's more closely follow the price than the SMA's. And I use 55 instead of 50 and 21 instead of ...

GBPJPY scalpers

MY short got stopped out last night — I had a short last night before bed, but I got short too early and it ran up to about 204 and triggered my SL, I should have set that SL higher. I always seem to set my shorts and buy too early, then it ...

GBPJPY scalpers

What time frame are you looking for a double bottom on? — The last 180 minute bar is closing in 15 minutes and the last 2 are very much looking like a double bottom. Using double bottoms to pick reversal points is very effective I think but ...

GBPJPY scalpers

I was sleeping too but am loaded up and down a few — Short? heh. It bottomoed out at 201.22. I did buy another one at 201.39 and just sold it for 40 pips. Yeppers I am down unrealized about $1500 ATM, with 11. It will retrace and be back up at ...

GBPJPY scalpers