My view of the current market
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Thread: My view of the current market

  1. #1
    Hi,

    After having mixed results in my first year of trading, I'm making a small effort to talk about my perspectives on the market; both fundamentally and technically.

    A good and healthy discussion is encouraged on this thread and knowledge/information sharing is the chief aim of this thread.

    Hopefully we can all learn from each other as we go.

    Good fortune.

  2. #2
    Quote Originally Posted by ;
    I am visiting a long chance in GBPJPY in 131.

    It's a daily support S1.
    100% retracement of the huge drop on Friday
    Service has held fairly firm in prior events.

    Fundamentally, JPY crosses are due for a short-term corrective bounce so I am seeking to buy GBPJPY in two lots.

    Parameters are under:

    Buy 2L GBPJPY in 131.00 (Limit Order)
    Cease loss for the whole - 129.50 (150 pips)
    T1 - 131.40 (Move cease to B/E if we hit T1) - 23.6 Fib retracement level.
    T2 - 133.20 (Weekly Pivot and 20 interval SMA on 4H chart 38.2% retracement level

    Chart...
    appears good. . Congrats for this new thread. . subscribed.

  3. #3
    Hi, congrats on your trading advancement, and new thread
    all the very best and looking forward to learn from you

  4. #4
    Extended GBPJPY 1st lot shot at 131.15.

    I revised my second entrance at 130.65, to get a better price. Scale in egy.

    Stoploss and TP levles are the same.



    Quote Originally Posted by ;
    I am seeing a very long chance in GBPJPY in 131.

    It's a daily support S1.
    100% retracement of the huge drop on Friday
    Support has held fairly firm in previous events.

    Fundamentally, JPY crosses are expected for a short term corrective bounce so I am seeking to buy GBPJPY in 2 lots.

    Parameters are below:

    Buy 2L GBPJPY in 131.00 (Limit Order)
    Stop loss for your whole - 129.50 (150 pips)
    T1 - 131.40 (Move cease to B/E when we struck T1) - 23.6 Fib retracement level.
    T2 - 133.20 (Weekly Pivot and 20 interval SMA on 4H chart 38.2% retracement...

  5. #5
    Hello Puks,

    how can you do buddy? Glad to see you around, good job

  6. #6
    Quote Originally Posted by ;
    Hello Puks,

    how can you do friend? Happy to see you around, good job
    Good to see you too Ben. Lets ch up sometime next week.

  7. #7
    Quote Originally Posted by ;
    Great to see you too Ben. Lets ch up sometime next week.
    Yep, I need to and I could, simply shoot me an email, its a long week end you understand!

  8. #8
    Trade update:

    TI is hit (it was 132.40) - 131.40 was a typo.

    Stop at BE, Course by 100 pips to lock 200 pips on the commerce.

    Quote Originally Posted by ;
    I am visiting a long chance in GBPJPY at 131.

    It's a daily service S1.
    100 percent retracement of the huge fall on Friday
    Support has held fairly firm in prior events.

    Fundamentally, JPY crosses are due for a short-term corrective bounce so I am seeking to buy GBPJPY in 2 lots.

    Parameters are under:

    Buy 2L GBPJPY at 131.00 (Limit Order)
    Stop loss for your whole - 129.50 (150 pips)
    T1 - 131.40 (Move stop to B/E when we hit T1) - 23.6 Fib retracement level.
    T2 - 133.20 (Weekly Pivot and 20 interval SMA on 4H chart 38.2% retracement level...

  9. #9
    Hello friend,

    Congrats on your new thread.I think it's great that you opened this thread to post your charts and analysis.You will soon realize how your trading ability improves by doing this.

    Btw. Well done on your Dragon exchange

  10. #10
    Quote Originally Posted by ;
    Hello friend,

    Congrats on your new thread.I think that it's great that you opened this thread to post your charts and analysis.You will probably realize that how your trading skill improves by performing it.

    Btw. Well done on your own Dragon exchange
    Thanks buddy. I thought it was not a good itea to talk about my views on your own soon to be professional thread and I opened this up.

    FWIW - AUD is ready to go higher. We have a triple base in .8070-80 area.

    I will post charts once I get home.

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