Monthly archive: November 2009
Ok, so the GBP/USD buy has entered and reached +100 so I suggest a +20 stop loss (1.6635) now if you haven’t already trailed it. If you want to set a target, 1.6820 or 1.6990 would be good levels.
This was supposed to have been posted last night but didn’t appear. Not to worry. It’s still quite valid.
We have an attractive daily breakout situation brewing on GBP/USD
Buy GBP/USD @1.6615 SL1.6471
Sell GBP/USD @1.6471 SL1.6615
Ok, so the gbp/jpy on the 9th isn’t being kind. I’m still holding it though.
On the GBP/USD the pressure is turning to the downside.
Sell GBP/USD @ 1.65175 SL1.66350
*btw, what looks like spread = 15 is actually 1.5 pips. Dumb indicator
The last swing signals from 4th November on the jpy pairs netted me +316 pips as I closed them during the NFP madness on Friday.
Today we are again looking at GBP/JPY and a dual breakout since the close on Friday was pretty much in the centre of the range we are looking at. Also [...]
With the GBP/JPY at +187(0) pips, do consider moving your stop losses into +ve territory.
USD/JPY is at +37(0) pips so I have set a +2 pip stop loss on that pair. EUR/JPY is +25(0) so I will consider a positive stop from +40(0) pips.
JPY pairs are our target. These are breakout signals based on FXOpen’s ECN. If you don’t have an ECN account, just use the 2 digit decimals that standard and micro accounts have.
USD/JPY
Buy @ 90.580 SL 89.870
Sell @ 89.870 SL 90.580
EUR/JPY
Buy @ 133.975 SL 131.715
Sell @ 131.715 SL 133.975
GBP/JPY
Buy @ 148.570 SL 146.375
Sell @ 146.375 SL [...]
