Need signals pushed to your browser instantly? Download the RebateFX Toolbar

————————

——— is the market. How boring.

After gbp/jpy and eur/jpy took off this morning before I had a chance to properly assess the situation, the market proceeded to go pretty much nowhere.

Here is the result of an evil market to trade ;)
eur/usd triggered long, but dropped back to hit the stop for -25pips

usd/jpy long triggered and started to look good, drop fell away and hit stop loss for -38.

Currently sitting on -7 on eur/usd long for the second time.

Daily totalĀ  -63 though the asia session +40 took the bite off that so -23 really.

First loss for this blog. A a couple of people messaged me to say thanks for their profit. Apparently they took 15 or 20 pips on eur/usd respectively. This is a lesson to be learned. Use your own trailing stop, or take pips on the table if in your own mind, you want to take it.

More gbj/jpy breakouts will be posted at 10PM GMT or a few minutes after. Lets hope for another result tonight. :)

eur/usd an update

e/u supportThe long breakout triggered and despite looking promising, it made an evil move back down and took out the stop for -25 pips. The long may be re-entered for another go. I believe it may go for our target on a second go as it has bounced off of trendline support.

Asia Result - part 2

The gbp/jpy long hit target for +75 pips.

Total for Asia SessionĀ  +40 :)

8th January Breakouts

USD/JPY

Buy @109.57 SL109.19 TP109.98

Sell @108.81 SL109.19 TP108.34

More signals pending as the other pairs have gone out of bounds early!

You may try a EUR/USD breakout in the meantime

buy @1.4720 SL1.4695 TP1.4765

sell @1.4684 SL1.4704 TP1.4634

Asia Result

gbp/jpy sell triggered. Didn’t move very far and hit stop loss -35

gbp/jpy buy triggered and in floating +40. Stop loss set at +15. My suggestion is to stay in.

8th January gbp/jpy breakout

GBP/JPY

Buy @215.53 SL215.18 TP216.28

Sell @214.53 SL214.88 TP213.78

Use a 25 pip Trailing Stop in case of small movement.

More breakouts in the morning before London Open. :)