AdamFx42's Blog

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GBP collapses on fears of brexit (again)

The continuing Brexit saga on the market
Gbp is down today after a poll shows the Brexit supporters in the majority
I am buying GbpJpy - because the lows seem in place around 157,
and the pair has been brought down lower because of UsdJpy weakness
This makes a recovery in this pair interesting for a big move up
gl all
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Trying to buy UsdJpy lows

I am going long UsdJpy and UsdCad as the lows seem to be holding
The lows in UsdJpy and UsdCad seem supported and I am buying above the levels
UsdCad seems supporterd above 1.25 for now,and UsdJpy above 1.06
I am hoping for a bounce from these lows of about 100 pips on each pair
I am long with positions of 4.2 lots, with SL below support
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Looking for buy opportunities of lows

After getting back in the top 10 with Jpy shorts I am buying retracement
UsdJpy is retracing back from 114 again and I am long
I am long EurJpy too because Eur is strengthening - EurUsd is moving up fast
I am also buying lows in UsdCad, GbpAud and EurAud for some retracement back up
I have provided charts when opening the positions to explain my reasoning
You can see these when you look at my trader contest profile and look at the trade feed tab
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Back up above 200K again

I am back up to 200K and place 19 - a good recovery
It has been hard work but I have managed to piece some pips together
I sold Gbp/Nzd at the highs and gained a few pips on that today after Gbp data release
Yesterday I was long Gbp/Aud and I hit my take profit on that trade this morning
I lost a little on a Gbp/Jpy long, but altogether gained about 50K since yesterday morning
I am doing alright again and will be looking for further opportunities
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