LeoYao
Long

GBPJPY Update with 1600pips in pocket Before Brexit

FX:GBPJPY   British Pound/Japanese Yen
5227 63 53
5 months ago
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.
5 months ago
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.
5 months ago
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.
5 months ago
Comment: Trades SL below 150
5 months ago
Comment: Pending for further entry chances in green zones.
5 months ago
Comment: Re-enter long on 149.92 after first green bar complete.

snapshot
5 months ago
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.
5 months ago
Comment: 30 mins shows pin bar. Protect the new entry.

snapshot
5 months ago
Comment: almost reach the resistance.
snapshot
5 months ago
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.
5 months ago
Comment: Add back the positions used to take profit yesterday on 149.2.
Now 149.9 and 149.2 two positions are inside.
5 months ago
Comment: Total lot size no change but pull down the average entry price.
5 months ago
Comment: 150.9 now, two positions(149.2 and 149.9) have earned 280 pips!
5 months ago
Comment: 151.175 hit today, 334 pips for two positions.
5 months ago
Comment: rest positions were hit entry level, out first. Come to green zone now.
5 months ago
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.
5 months ago
Comment: 148.83 hit, from145.6, 323 pips earned
5 months ago
Comment: 149.782 hit, from 145.6,418 pips earned! Plus previously earning in this pair, 2018 pips earned!
5 months ago
Comment: Still hesitate to take my class? OK, u will miss more2000 pips. lol
5 months ago
Comment: Hit 153.517,as i said green zone's time factor is better,around 2400 pips u can earned in this whole setup.
5 months ago
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. :)
5 months ago
Comment: 154.1 hit, 2460 pips earned. Let's see if this set up can make 4000 or 5000 pips profit.
5 months ago
Comment: Hit 158.087, 2860 pips earned.TP partial.
5 months ago
Comment: Hit 160.110, but i TP most partial on 159 and the rest were hit entry. Total 2952 pips, almost 3000 pips.
SukaSuki
5 months ago
I AGREE 147
Reply
LeoYao SukaSuki
5 months ago
Nice. SInce ihave already long inside yellow zone, i want to try it first although i may get SL this time. LOL
Reply
syazwan_president
5 months ago
hi sir.. if i put a buy limit at line 151.777 is it valid sir?
Reply
LeoYao syazwan_president
5 months ago
hi , i think just now u have a better buy place which is around 150.7. I added another one on 151
Reply
merri436 LeoYao
5 months ago
ur SL is at 150.5 .. right ?
Reply
LeoYao merri436
5 months ago
Nope, mine is below 150.
Reply
merri436 LeoYao
5 months ago
ok sir
Reply
syazwan_president LeoYao
5 months ago
Tq very much sir..
Reply
LeoYao syazwan_president
5 months ago
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.
Reply
Xavierx
5 months ago
I followed u. I agree with now it is a good chance to long this pair.
Reply
LeoYao Xavierx
5 months ago
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
zafih
5 months ago
hi sir.. did u think that the bearish still ahead until tomorrow? sorry broken english.. :D
Reply
LeoYao zafih
5 months ago
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.
Reply
zafih LeoYao
5 months ago
i followed u sir.. thank with the shared
Reply
LeoYao zafih
5 months ago
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.
Reply
zafih LeoYao
5 months ago
ok, leo.. now.. is;t bullish continue to yellow zone?
Reply
LeoYao zafih
5 months ago
actually i doubt it to be bullish now, still the time is not correct. everything will be clear after brexit
Reply
zafih LeoYao
5 months ago
i see.. hmm the next resistance still so far,, i guess.. hehe
Reply
LeoYao zafih
5 months ago
nice try. :)
Reply
petermarshall
5 months ago
do you offer a signals service?
Reply
LeoYao petermarshall
5 months ago
Hi, I do not provide any trading signal. I offered training class, u can write to leoyaotrading@outlook.com for consult.
Reply
manonmars_17
5 months ago
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
Reply
LeoYao manonmars_17
5 months ago
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. :)
Reply
blueport
5 months ago
Hi Leo. As a metter of interest, would you mind stating what your normal risk % is please?
Reply
LeoYao blueport
5 months ago
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%.
Reply
blueport
5 months ago
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?
Reply
LeoYao blueport
5 months ago
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. :)
Reply
vfly
5 months ago
I agree 1.4815
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Xavierx
5 months ago
when can we enter again= =
Reply
LeoYao Xavierx
5 months ago
wait for pull back but cannot drop below 149.5
Reply
wan7133
5 months ago
Do you have any target for this Long?
Reply
LeoYao wan7133
5 months ago
164, 175, 185. All these are just target. If this is true bullish or not still need to be confirmed after brexit.
Reply
wan7133 LeoYao
5 months ago
ok thank you Sir
Reply
manish101
5 months ago
Still Climbing Leo, what would you suggest adjusting the SL to?
Reply
LeoYao manish101
5 months ago
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.
Reply
nikolad
5 months ago
Dear @LeoYao where are these numbers coming from? 0.322, 0.966, 1.201
Reply
LeoYao nikolad
5 months ago
Hi, i'm confused because i do not write down these numbers.
Reply
nikolad LeoYao
5 months ago
I saw those numbers on your chart.
+1 Reply
LeoYao nikolad
5 months ago
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.
Reply
nikolad LeoYao
5 months ago
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
5 months ago
yes, u r right, bro. But how to use them is another way. :)
Reply
danielward
5 months ago
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.
Reply
LeoYao danielward
5 months ago
1/4 change now and 3/4change after brexit
Reply
danielward LeoYao
5 months ago
Im will take a risk and wait. Hoping for 160 - 162, maybe a little ambitious.. but hopfully.
Reply
LeoYao danielward
5 months ago
If stay in Eur,may go to 175 but after ur trip
Reply
danielward LeoYao
5 months ago
Frustrating! But hopfully there will be some improvement before i leave, thanks for your help and advice.
Reply
merri436
5 months ago
sir any update .. can we go long now ?
Reply
ShymahSultan
5 months ago
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
Reply
LeoYao ShymahSultan
5 months ago
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
Reply
Shinobi93
5 months ago
Hi! Would now he a good time to enter long or should I wait?
Reply
LeoYao Shinobi93
5 months ago
I longed from very bottom, already a big win man
Reply
catrionaforex
5 months ago
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 :-)
Reply
LeoYao catrionaforex
5 months ago
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
Reply
Sakakikunmakio
5 months ago
Should I buy now? Or wait... I dont miss a big move up...
Reply
LeoYao Sakakikunmakio
5 months ago
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
novrain PRO
5 months ago
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
5 months ago
Agree with you. Let's get a big win from this "gamble" :)
Reply
merri436
5 months ago
sir should we secure our sl ?? i have buy position from 149 ... can i place my sl at 152 ??
Reply
LeoYao merri436
5 months ago
Yes u can, u also can take partial profit and put SL to 151
Reply
JayR
5 months ago
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
LeoYao JayR
5 months ago
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
5 months ago
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
LeoYao JayR
5 months ago
Lol,wait for u to my class
Reply
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