LeoYao
Long

GBPJPY Update with 1600pips in pocket Before Brexit

FX:GBPJPY   British Pound/Japanese Yen
5231 63 53
Hi, i know some of you may have strictly followed my trade about GBPJPY             to long,short then long again from one month ago and have had around 1600 pips profit in pocket. Now, as Brexit is coming, i strongly suggest for most of you do not trade any pairs involved GBP and EUR, those are high risk.
For those who wants to use profit to take a trial, here is the plan. Some of you may have known from my previous update that my short position around 163 was auto TP on 151.5 and long position was auto activated on the same price level when i was sleeping ( OMG             ). Although the new long trade has earned 90 pips, I'm not putting too much hope on this trade.The reason is very simple, just because the time is not correct when the price reached this price level. Too early before Brexit. SO here is plan B, if price really drops, the green zone together with the orange line would be second trial to long it.
Comment: Another trade activated on 151. Currently 151 and 151.5 are on, and i won't open anymore till it either rally up or hit my SL for my yellow zone.
Comment: Has not hit my SL which is below 150. Although i do not take too much hope for this first trial as the time factor is not met, let's let the market decide.
Comment: Trades SL below 150
Comment: Pending for further entry chances in green zones.
Comment: Re-enter long on 149.92 after first green bar complete.

snapshot
Comment: If it shows big resistance on 150.866, i will move SL to entry immediately this time. SL is below today's lowest price.
Comment: 30 mins shows pin bar. Protect the new entry.

snapshot
Comment: almost reach the resistance.
snapshot
Comment: Now is 151.9, from our re-enter long on 149.92, 200 pips earned which already helped cover our this morning's loss.
Comment: Add back the positions used to take profit yesterday on 149.2.
Now 149.9 and 149.2 two positions are inside.
Comment: Total lot size no change but pull down the average entry price.
Comment: 150.9 now, two positions(149.2 and 149.9) have earned 280 pips!
Comment: 151.175 hit today, 334 pips for two positions.
Comment: rest positions were hit entry level, out first. Come to green zone now.
Comment: previous two trial, 1 trial SL, 1 trail took partial profit and out, in total lose less than 1% of my account.

Reenter in 145.6 just now in my plat form.
Comment: 148.83 hit, from145.6, 323 pips earned
Comment: 149.782 hit, from 145.6,418 pips earned! Plus previously earning in this pair, 2018 pips earned!
Comment: Still hesitate to take my class? OK, u will miss more2000 pips. lol
Comment: Hit 153.517,as i said green zone's time factor is better,around 2400 pips u can earned in this whole setup.
Comment: Are u still wait for more times to miss 2400 pips trade? If u attend the trading class, u can get it by yourself. :)
Comment: 154.1 hit, 2460 pips earned. Let's see if this set up can make 4000 or 5000 pips profit.
Comment: Hit 158.087, 2860 pips earned.TP partial.
Comment: Hit 160.110, but i TP most partial on 159 and the rest were hit entry. Total 2952 pips, almost 3000 pips.
I AGREE 147
Reply
LeoYao SukaSuki
Nice. SInce ihave already long inside yellow zone, i want to try it first although i may get SL this time. LOL
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hi sir.. if i put a buy limit at line 151.777 is it valid sir?
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LeoYao syazwan_president
hi , i think just now u have a better buy place which is around 150.7. I added another one on 151
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merri436 LeoYao
ur SL is at 150.5 .. right ?
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LeoYao merri436
Nope, mine is below 150.
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merri436 LeoYao
ok sir
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Tq very much sir..
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LeoYao syazwan_president
no problem. but just keep in mind, i cannot be accurate all the time. The only thing i can try my best is to earn profit in the long run, cannot be in every trade. :) Thanks.
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I followed u. I agree with now it is a good chance to long this pair.
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LeoYao Xavierx
yep, but if it's breaking 150.00, plz based on ur account to exit first. We can wait for another chance which is around 147
Reply
hi sir.. did u think that the bearish still ahead until tomorrow? sorry broken english.. :D
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LeoYao zafih
Hi, actually i do not know. maybe the yellow zone will be failed. but will still have another chance on green zone. It's too early for price coming to yellow zone which may make the yellow zone fail.
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zafih LeoYao
i followed u sir.. thank with the shared
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LeoYao zafih
thanks for the trust. if you want to have trading train class, please contact me through leoyaotrading@outlook.com.. can be in Chinese or English.
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zafih LeoYao
ok, leo.. now.. is;t bullish continue to yellow zone?
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LeoYao zafih
actually i doubt it to be bullish now, still the time is not correct. everything will be clear after brexit
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zafih LeoYao
i see.. hmm the next resistance still so far,, i guess.. hehe
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LeoYao zafih
nice try. :)
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do you offer a signals service?
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LeoYao petermarshall
Hi, I do not provide any trading signal. I offered training class, u can write to leoyaotrading@outlook.com for consult.
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Leo, the equities are selling off and the market is buying Yen, safe haven flows, we never know when it will stop, also polls come out everyday about Brexit, it is best to stay away from the GBP until this Brexit thing is over, it will be very volatile
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LeoYao manonmars_17
Hi, yes, all u said is correct. thanks for advice. Yes, i have warned most of the followers to be away of GBP EUR related pairs before Brexit in my dieas. :)
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Hi Leo. As a metter of interest, would you mind stating what your normal risk % is please?
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LeoYao blueport
Hi, the maximum i could bear is 10%, but it's randomly happen,case by case. The failed GBPJPY SL long trade just now took me around 2.5%.
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10%!!....Are you saying you will at times put a SL at 10% of your account? You dont use a static risk of say 1% or 2% & halve it if putting on 2 trades on correlated currencies?
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LeoYao blueport
Yes, u get my answer. 10% is the maximum although i seldom do that. That is my own style does not mean every one can use it and it's based on relatively high accuracy, not risk to return ratio. I think everyone needs to find their own trading style, do not blindly follow anyone's style or any instructions from any old books and same for ideas. If u have your own, u will be a super star and find the way to succeed. That is why we said, success is hard to be copied. :)
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I agree 1.4815
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when can we enter again= =
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LeoYao Xavierx
wait for pull back but cannot drop below 149.5
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Do you have any target for this Long?
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LeoYao wan7133
164, 175, 185. All these are just target. If this is true bullish or not still need to be confirmed after brexit.
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wan7133 LeoYao
ok thank you Sir
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Still Climbing Leo, what would you suggest adjusting the SL to?
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LeoYao manish101
if ur entry level is below 151, u can put to ur entry level. other wise , do not touch it first until the first time u take partial profit.
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Dear @LeoYao where are these numbers coming from? 0.322, 0.966, 1.201
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LeoYao nikolad
Hi, i'm confused because i do not write down these numbers.
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nikolad LeoYao
I saw those numbers on your chart.
+1 Reply
LeoYao nikolad
Oh, i know what u mean now. I will teach that in my trading class. if you r interested in, u can let me know privately or write to leoyaotrading@outlook.com..
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nikolad LeoYao
I doubt that the numbers have some relationship to Fibonacci retracing. Don't know whether I am correct or not. Just need some hint. ^^
+1 Reply
LeoYao nikolad
yes, u r right, bro. But how to use them is another way. :)
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I would just like advise on when to buy my currency? I travel to Japan from the UK July 29. When is the rate likely to improve? Thank you.
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LeoYao danielward
1/4 change now and 3/4change after brexit
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Im will take a risk and wait. Hoping for 160 - 162, maybe a little ambitious.. but hopfully.
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LeoYao danielward
If stay in Eur,may go to 175 but after ur trip
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Frustrating! But hopfully there will be some improvement before i leave, thanks for your help and advice.
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sir any update .. can we go long now ?
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hello sir please help i have opened gbpjpy long @151.088 .....................it is running on a loss .. now @147.723 ... i am new to trading , should i close this trade or wait till it come back..please help sir
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LeoYao ShymahSultan
Hi plz exit first. U can check my updates under this idea and see my skill to still win some profits in this trade. I fu want to learn u can come to my trading course. Email to leoyaotrading@outlook.com for registration
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Hi! Would now he a good time to enter long or should I wait?
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LeoYao Shinobi93
I longed from very bottom, already a big win man
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Hi LeoYao, Thank you for updating this chart. I had already identified the support level in your 'green' zone but being a new 'hesitant' trader I doubt whether I would have had the confidence to go long given how the price was falling. Your update of the chart confirmed my analysis and gave me the confidence to put on the trade. Thank you :-)
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LeoYao catrionaforex
Hi, once u have the plan and u see some signal, u need to trust yourself's analysis. If you want to join my class, just let me know. leoyaotrading@outlook.com
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Should I buy now? Or wait... I dont miss a big move up...
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LeoYao Sakakikunmakio
Hi, now seems the SL should be quite big already and no one knows what would be the result of brexit. Propose to give up this trade if u want to enter now.
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Thank you for your share Leo. Fantastic job!
Personally I believe UK will not leave EU. Just look at the Pound's trend 1 week before 14/09/2014, the day of Independence Referendum of Scotland. Pound will reach a top on this Thur. : )
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LeoYao novrain
Agree with you. Let's get a big win from this "gamble" :)
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sir should we secure our sl ?? i have buy position from 149 ... can i place my sl at 152 ??
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LeoYao merri436
Yes u can, u also can take partial profit and put SL to 151
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Hello Leo sir,as the brexit has taken lead,would there be a new chart posted by you or this is still valid,as i can see it has gone down way beyond the green zone,out of curiosity,do you think can we place buy here?143.15(4H candle closure)or it would go down even further?
Reply
Hi Jay, Yes i will publish new charts during this weekend. No worry. But all can be published after i finish my training class with my students. Some of previous chart still valid like usoil and SPX500 they are in big profit. Same for this also for big profit, but just rest positions were hit entry level this morning.
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JayR LeoYao
Thank u for the reply Leo sir.Much appreciate it.Just saw the new chart posted by you on the other side.Pretty intimidating!;)Thank You again.
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Lol,wait for u to my class
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