FX:GBPJPY   British Pound/Japanese Yen
7101 56 130
12 days ago
GBPJPY             2618 Trade

Sell Limit at 138.39

SL above 139.02

TP1: 137.62

TP2: 136.70

TP3: 135.30
11 days ago
Comment: USDJPY very strong. SL hit. Exit
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Rebounds

fotisd
trade line
fotisd about GBPJPY 11 days ago
Hi great man,
I am on the same road, but at the same time I belive GBP/sterlin is increasing, so you? So is a bad trade at the end?
Reply
tntsunrise TOP riccardo.pradella
12 days ago
@riccardo.pradella, maybe the jpy will give us a good trade
+1 Reply
riccardo.pradella PRO tntsunrise
12 days ago
@tntsunrise, yeah hope so, we are all with eyes on yen
Reply
mrhimsly
12 days ago
@tntsunrise that's mean GBP will down on next week ahead? Is that true? Thank you.
Reply
tntsunrise TOP mrhimsly
12 days ago
@mrhimsly, depends on both gbp and jpy.
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mrhimsly tntsunrise
12 days ago
@tntsunrise, How about your view mate at GBP performance itself? Is there any power ahead?
Reply
onno
12 days ago
I like this one... have the same trade open since this morning
Reply
Fxdanko
12 days ago
There's still no price tag for 138.39, could we go in now?
+2 Reply
aa2016 Fxdanko
12 days ago
@Fxdanko, In my understanding; 138.39 is a Resistance that pair had tried to break and failed few times before (look left along the 138.39 price level). Expectation is that it will try to break that level but will fail. Hence Short the pair.
you are Correct it did not reach that level that is the reason Jack mentioned to place a Limit order (it is a type of order that one can place besides market order).
I hope this helps.
Reply
Fxdanko aa2016
12 days ago
@aa2016, THANKS, I'VE GOT A SELL LIMIT OPERATION IN 139.39, THEN SHOULD I WAIT TO HAND TO OPEN THIS OPERATION ?, DO NOT I OPEN IT BEFORE DOES NOT COME TO THIS PRICE? THANK YOU VERY MUCH
Reply
Fxdanko aa2016
12 days ago
@aa2016, I mean that this idea of Jack has not yet been executed, because he has not touched the price of 138.40
Reply
Fxdanko Fxdanko
12 days ago
@Fxdanko, now is 137.84
+1 Reply
aa2016 Fxdanko
12 days ago
@Fxdanko, Since the pair did not make it to the resistance the selling is more than expected in my opinion. If it reaches the TP1 before the Limit order point I personally will wait for price action as a small bounce may happen as pair found the support last time at the same level (137.627). At an overall point of view Jack's prediction is that it will go down to TP1,2,3 etc
Please follow your plan as I am learning myself.
Reply
Fxdanko aa2016
12 days ago
@aa2016, ok, thank you very much
Reply
gcplau Fxdanko
11 days ago
@Fxdanko, np, just my 2 cents. Good learning & good trading !
Reply
Buckz
12 days ago
Needs to get past 137.700
Reply
Fxdanko Buckz
12 days ago
@Buckz, what do you mean?. Thank you
Reply
Buckz Fxdanko
12 days ago
@Fxdanko, I thought it could go lower. down to 137.400 or 137.200. I will go in and sell some more if its passes 137.700
Reply
mrhimsly Buckz
12 days ago
@Buckz, It's absurd.
Reply
Buckz mrhimsly
12 days ago
@mrhimsly, ok!!
Reply
Fxdanko
12 days ago
@tntsunrise Hello, this operation has not been executed, it has not touched the price 138.39, I left the operation sell limit in 138.39, is it correct? thank you very much
Reply
cinek PRO Fxdanko
12 days ago
@Fxdanko, leave it. Unless you're feeling lucky and want some really short trades while it goes back up..... read the chart
+1 Reply
Fxdanko cinek
12 days ago
@cinek, I'm new at this, thank you
Reply
Apple22
12 days ago
yes I am kinda with you I am just following trend with GJ going long @ MA 100
GBPJPY WAITING FOR PULL BACK TO MA 100

Reply
Labworx
12 days ago
what is this trade based on Sir?
Reply
tntsunrise TOP Labworx
11 days ago
@Labworx, based on 2618.
Reply
Labworx tntsunrise
11 days ago
@tntsunrise, Would you please be so kind to clarify what is the strategy behind this number sir?
Reply
tntsunrise TOP Labworx
11 days ago
@Labworx, Clearly stated in the chart. u can see there is a double top, and we trade for 0.618 retracement
Reply
gcplau
11 days ago
Thanks Jack...I have analysed both the upper and lower TF and found this idea amazing...another proof that you're just so skilled at it...and good master of multi TF.
Reply
Fxdanko gcplau
11 days ago
@gcplau, Hello, but the price of 138.39, has not touched yet, must wait until he goes up to open the sell limit that comments Jack?, thank you
+1 Reply
gcplau Fxdanko
11 days ago
@Fxdanko, Hello...sometimes you have to do adjustment...the best value of a trade idea is to learn, not just follow. If you only follow, you will miss the part of analysis and executional refinements.... if you wish to understand the depth of logic in behind, I do recommend Jack's course to you. There, you'll learn deeper knowledge, executional refinements or enhancer, and with enough skillset to improvise. For this particular case, you can either do a market sell or watch next few candles to decide because the moment of this idea publish...the market price is close enough with the limit sell price and that moment the oscillators has peaked at lower timeframe. That's why, with a proper training, you can improvise, and you're already "in" this trade already.
Reply
Fxdanko gcplau
11 days ago
@gcplau, ok thank you very much
Reply
gcplau Fxdanko
11 days ago
@Fxdanko, I guess it's fair for us to take the idea as is and learn from it instead of complaining the glitches (as I used to do that before also)...cos' it's a free trade idea, even not a signal provider. You have to do some adjustment or improvise with your own knowledge, and still you could pick up quite some good trade entries with sound money managed Risk/Reward.
Reply
Fxdanko gcplau
11 days ago
@gcplau, Okay, I understand what you mean, thanks.
Reply
wan7133
11 days ago
I think it wont easily go down, it must retest the resistance before can move further south. If the retest doesnt occur, most probably it would shoot up back.
Reply
Jor4hub
11 days ago
Well that was unexpected lol
Reply
not works your method...
Reply
tntsunrise TOP MarkSterensohn
11 days ago
@MarkSterensohn, not for this time. so get out the trade, find the next one
+1 Reply
MarkSterensohn PRO tntsunrise
11 days ago
@tntsunrise, too many mistakes. 1st Oil recently too early, EUR USD wrong long, GBPJPY wrong short, and so on. Better strategy wanted
+1 Reply
MassivePips MarkSterensohn
11 days ago
@MarkSterensohn, This is what happened blindly following others strategies. At the end of the day, it's all about your bottom line. Therefore better "plan the trade and trade your plan
+1 Reply
MarkSterensohn PRO MassivePips
11 days ago
@MassivePips, i don't try at all to create my own strategy. No idea. I tried probably 15-20 strategies. Nothing works:) :) :) zero. That's why i am here. I try to find someone professional who understand. That's why you are here too i believe
+1 Reply
MassivePips MarkSterensohn
11 days ago
@MarkSterensohn, I believe one thing. Fundamentals, sentiment, and technicals. This is why I mentioned "Plan the Trade and Trade the plan". Purely technicals works only for long term setups. That's where the banks and other financial institutions do. For day or week trading it is a MUST to consider the all the above points mentioned.
As you mentioned, I follow me only. I respect Jack, but I do not blindly follow anyone.
As you can see technicals failed due to strong fundamentals and sentiments in these trades. But this is short term. For the big picture, I 100% agree with Jack.
For your information, read chart school "chart analysis" to get a knowledge of technical behaviour, and read babypips.com, "School of pipsology" ( you may have already read this 10 times ) But always stay tuned with Fundamental and sentiment analysis.

This is all about professional trading.

At the end of the day, it is your money. So please trade responsibly.

Thank you very much !!!
Reply
MarkSterensohn PRO MassivePips
10 days ago
@MassivePips, i read 100 times babypips.com. :) :) :) i read a lot of books :) i read bob volman "price action 5 min chart", i tried everything. I repeat it: nothing works. Zero. Yes you can win, 100-200 pips in 1 trade. But at the end of the day you will lose everything. It will be 20-30 stoplosses, your account will die. I dont even try to create a strategy. Only some insider information can help :) :) :) or you must know where the good trend is. Like gbpjpy now :) :) :)
Reply
MassivePips MarkSterensohn
10 days ago
@MarkSterensohn, "If loose everything at the end of the day... " Something radically wrong. Better to keep a trading diary. So that can learn from the mistakes. If the same thing is repeating, better not trade for the sake of trading
Reply
MarkSterensohn PRO MassivePips
10 days ago
@MassivePips, oh man if there was a working algorithm then chess players champions would come and win all 5.3 trillions and take away from Forex.
Reply
MassivePips MarkSterensohn
10 days ago
@MarkSterensohn, There is no such algorithm for 100% success. Intuition is the success for everything
Reply
MassivePips MarkSterensohn
10 days ago
@MarkSterensohn, one more thing I can mentioned here, Plan your risk before you trade. On the other hand, use a good broker who offer low leverage ( at least 1:50 or 1:100) and tight spreads with no dealing desk with the fully automated system without human interference for trader's account.
If the risk : reward ratio at least 1:2 AND min of 100 pips SL, many trades can be positioned for the favour of the trader. But It is most important to consider the basic trading principles : Fundamental, Sentiment and Technical before planning the trade.
Reply
MassivePips MassivePips
10 days ago
all that I mentioned cannot be failed. Basically, success will come with the lot of hard work. In order to build the confidence of trading, it is good to go ahead with small lot size, so that the risk will be very low. This is where many of them failed.
It is certainly good to remember trading is a business, therefore profits and also Losses are part and parcel of the game. Most important thing is to understand the philosophy.
Books will not help to win the "game". Indulge with the "game" to understand the nature and secret behind the seen.

Good luck with the trading !!!

Cheers


Reply
EddieBongo MassivePips
9 days ago
Well......I can say, I like this Man's analysis....I mean Jack.....He doesnt have to be accurate......IN Forex trading, its not about the number of losses you have that matters, so far the One BIG win makes up for all the losses and BOOM, the week/month ends up in profit.....That is all that matters......and more imporatntly, trading with very low lotsize.....We will get there.....Go and check his past forecasts and trades and try to calculate out the Profit and losses on a monthly basis, then you would know he is really good at forecasting the mrket......There is no messiah in Forex trading except if you want to be lied to.....
Reply
danrindia
11 days ago
@tntsunrise Any update jack it went fiercely up ??
Reply
jassie78
11 days ago
hi TNT sunshile where did you get that FIb indicator from with colour coded blocks. I have been looking for something like this for a while but can't find.
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tntsunrise TOP jassie78
11 days ago
@jassie78, U can change the settings, remove the transparent
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dream7
11 days ago
Hello, for me it's "only" a pull back area, but the stop reached, (not for me, SL 141), canceling all, or that objective is still valid. Thanks for you patience
Reply
saadalielghobar
11 days ago
Sir, what the situation is now?
Reply
FXROB
11 days ago
ha ha ha
+3 Reply
DGyoshev
11 days ago
nice short
+2 Reply
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