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.
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.
Reply
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.
Reply
Lol,wait for u to my class
Reply
sir should we secure our sl ?? i have buy position from 149 ... can i place my sl at 152 ??
Reply
LeoYao merri436
Yes u can, u also can take partial profit and put SL to 151
Reply
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. : )
Reply
LeoYao novrain
Agree with you. Let's get a big win from this "gamble" :)
Reply
Should I buy now? Or wait... I dont miss a big move up...
Reply
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.
Reply
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