GbpJpy trade

Replied by remo on topic GBP/JPY

good spot red chilly
This is one volatile currency so hope your stops are enough.
im long as well and my stops are below 158.80...im using 40 points stop and that may not be enough with this pair
fingers crossed

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Replied by redchilly on topic GbpJpy trade

Closed half @ 159.856 with a 66 points profit (more than 1:2 R:R)
SL for the rest moved to profit to let it run for the triangle breakout

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Replied by remo on topic GbpJpy trade

im planning on going short on first attempt of major resistance at 163.05 with a 40 point stop only for today.
I will close my previous long greedy trade here as well and reverse the trade.
use tight stops

dl.dropboxusercontent.com/u/4899609/gbpjpy21stnov.png

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Replied by remo on topic GbpJpy trade

Stop loss activated...

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Replied by remo on topic GbpJpy trade

Im gonna go long on a breakout past 169.71...Stops will be below the trend line.
If it breaks out then this could go towards the top of the triangle.

dl.dropboxusercontent.com/u/4899609/gbpjpy26thmarch2014.png

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Replied by cheapas on topic GbpJpy trade

looks like it is on it's way

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