GBPJPY: Bull Bat & Butterfly

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Long

British Pound/Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound/Japanese Yen

It looks like the GBPJPY trade we talked about last night has come quicker than expected. Two patterns for the price of one. Very big stop/loss on this so you may want to think about using an alternate entry technique in order to limit exposure.

Counter trend but looks good.
I'd be on the opposite side heh :p

Hi akil .. thanks for sharing idea .. it is agood one .. but i dont know where the target should be in this case ?

joan

My initial target was aw 184.77

I'm in. Good one Akil.

Patrick_Tremblay

Thanks you Patrick, one of those where everything lines up.

Akil_Stokes

And where you compensate for previous not so good ones...excellent move ;)

IvanLabrie

Yup, that's trading for you. Grind it out win, loss, win, loss, controlling risk on the way, then take advantage of the big ones. Problem is, too many traders don't see them out to completion and short change themselves

Akil_Stokes

;)
Hard to avoid doing that...I recently acquired the habit of closing half on OB/OS extremes and then run with house money like you say. Way easier to keep going and be patient that way!

IvanLabrie

Many of the traders I work with will use fear as an excuse to exit early. or them early profit taking is the easy way out. Unfortunately it's also the easiest way to sabatoge there systems expectancy. Sounds like you have a rule based plan for when you exit and it's not just driven from greed or fear. To that I say well done.

Akil_Stokes

Thanks, I do. I watched the live trading webinars you guys hosted and also learned a lot from Tim West here. Good stuff ;)
Wouldn't be trading like I do if it weren't for tradingview, so cheers to the admins and the generous contributors :p

Akil_Stokes

I took this one too for a nice profit today :

I basically turned a loss into a win for this month with these two trades only. Looking good.

Patrick_Tremblay

2 for 2, well done Patrick. With this being the last real trading week of the year, hopefully this will give you some fresh motivation to start with a clean slate and destroy 2015

It's HIT!! and looks like we're havin a RUUUUUUUUN
LOL took a day off-trading today, just came in for a lil chitchat :D

P.NatButterCake

let's hope it keeps on running and never comes home lol

1st targets have been removed for over 250pips and stops moved to break even for a risk free trade on the second half of the position. Now w'ere playing with house money!

Made a good profit from this trade! Thanks Akil! keep up the good work!

Muddi

Thanks, and well done!

Nice trade Akil. Keep the faith up man

chrystael

Thanks you

Esoterica exotica. Why trade it now in nervous & thin markets and more UK data on the way to add to volatility plus more reasons.. Ain't it risky. I was wondering if you actually made money from trades rather than idolizing bats & butterflies to your groupies - whom you always seem to have spoken to the night before- which to most non Americans sounds downright creepy.

I wouldn't criticize the harmonics cult you want to develop except that 70% of your trades suck. And that's being kind.

HexVex

We are still in the trade because initial targets have been hit, stops rolled and its now a risk free trade you douche. If 70% of the trades here suck, why are you looking at this page??
Just looked at your published ideas and 100% of them sucked bigtime and thats just being truthfull....... Go away troll

HexVex

So, U have two trades posted on your profile, one on the platinum (such a Holy Grail pair to trade, isn’t it?!). You got the direction right, yet getting stopped out and making nothing. Second trade on ZAR (It seems u r the one who is fascinated by Esoteric Exotica!), it didn’t even bother to respect whatever dark cloud magic u imposed on it. What happened afterwards? Lost all the equity on those two apparently sure-shot trades?!! Then no new ideas? So afraid of events, data, and thin liquidity that you can’t even put up an actual trade? Or just looking for an excuse not to trade since u r so afraid and shred the resentment on somebody who is actually making money?

HexVex

Thanks for the comment Squeeze. I would respond to your comments but I don't feel as if an intelligent conversation would result from it. Rather just you continuing to tell me and all other pattern traders how bad we are. So I'd simply like to wish you a happy holidays. God bless.

HexVex

Dude get a life , Its a platform to share ideas and have a good conversation with other traders , not to get ourselves JUDGED from others specially like traders like U . U'r mind is too "SQUEEZED"

HexVex

Hei squeeze, i think you should be modernized and be a man which i doubt you are. He did not ask you to trade anything. he just posted the ideas he feels, and if you decide to do anything with it, that is for you. Akil has been doing great to alot of people out there, whether his trades are winning or loosing should not call for this crab you are doing here.

Please respect yourself and leave our Akil alone, whatever be the outcome of his trades, we are not complaining and you of nobody should come and do same.

Do your very best to respect yourself and keep to yourself, as none here wana hear this shits from you anymore.

Wow I thought for a second I was on T2W forum, hence why I stay away from those types of forums.
Keep up the great work Akil!

I humbly eat my words and apologize for spreading bad vibes during the festive season & being an awful rectal cavity. Seasons greetings to all!

HexVex

To you too mate :) :)

nice call

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