JPY pairs Weekly Outlook and Trade Setups - Page 25

@asuquokelvin - 2 days ago

I wasn't patient with the trade, so closed out with a loss (Exit price-88.62). But if I was a bit more patient, I would have made profit because price later traded above my entry (88.72)

You can get good opportunities to cover up losses

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@nsg_usd - 2 days ago

Quoted - asuquokelvin

You can get good opportunities to cover up losses

Yeah.
But the loss only ate into the profit I had secured earlier.

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@nsg_usd - 2 days ago

Quoted - nsg_usd

It's currently not going as expected. But I'll just hold till the current 4hr closes by 2pm or if it stops me out.

GBPJPY-Trade Update
I've been stopped out
Entry: 211.267
Exit: 210.552

@asuquokelvin @godspowerdan

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@nsg_usd - 2 days ago

Quoted - nsg_usd

GBPJPY-Trade Update
I've been stopped out
Entry: 211.267
Exit: 210.552

GBPJPY-Trade Setup
Type: Short
Entry: 210.601
SL: 210.51

Trade Idea/Approach: Since a New 4hr duration is just starting, and there's a break below an internal support zone turning into a resistance zone, I decided to enter sells and will hold till the current 4hr closes around 6pm.
Also, there's a 4hr bearish engulf formed which shows a possibility the buys are exhausted, and the sells intends to kick in.

@segun_33 @martini_schwarzwald @asuquokelvin @godspowerdan

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@asuquokelvin - 2 days ago

Quoted - nsg_usd

GBPJPY-Trade Setup
Type: Short
Entry: 210.601
SL: 210.51

Trade Idea/Approach: Since a New 4hr duration is just starting, and there's a break below an internal support zone turning into a resistance zone, I decided to enter sells and will hold till the current 4hr closes around 6pm.
Also, there's a 4hr bearish engulf formed which shows a possibility the buys are exhausted, and the sells intends to kick in.

Market is favouring safe heaven pairs presently

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@asuquokelvin - 2 days ago

Quoted - nsg_usd

GBPJPY-Trade Update
I've been stopped out
Entry: 211.267
Exit: 210.552

Yes because the market conditions has changed, market is favouring safe heaven pairs, due to future rate hike expectations

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@nsg_usd - 2 days ago

Quoted - nsg_usd

GBPJPY-Trade Setup
Type: Short
Entry: 210.601
SL: 210.51

Trade Idea/Approach: Since a New 4hr duration is just starting, and there's a break below an internal support zone turning into a resistance zone, I decided to enter sells and will hold till the current 4hr closes around 6pm.
Also, there's a 4hr bearish engulf formed which shows a possibility the buys are exhausted, and the sells intends to kick in.

I saw profit in this short opportunity I took earlier enough to make up today's losses, but because i didn't cover my positions now It's going against me.
I'll Just leave it. if it takes me out the second time no problem. That would simply mean my first bias was right.

@asuquokelvin @godspowerdan

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@nsg_usd - 2 days ago

Quoted - asuquokelvin

Market is favouring safe heaven pairs presently

They are all stalling at the moment.

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@godspowerdan - 2 days ago

Quoted - nsg_usd

I saw profit in this short opportunity I took earlier enough to make up today's losses, but because i didn't cover my positions now It's going against me.
I'll Just leave it. if it takes me out the second time no problem. That would simply mean my first bias was right.

I think you need to reaccess the pair if it takes you out

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@asuquokelvin - 4 hours ago

Quoted - nsg_usd

I saw profit in this short opportunity I took earlier enough to make up today's losses, but because i didn't cover my positions now It's going against me.
I'll Just leave it. if it takes me out the second time no problem. That would simply mean my first bias was right.

So how did this gbpjpy trade go?

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