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Best Trade - Long GBP/JPY

Daytrader21 Posted 19 Aug.  in #Trader's blog #Gbpjpy
Hi,
So far, since beginning of the month my most successful trade was going long GBP/JPY. Actually this past week the market give me the chance to enter twice and being able to boost my account equity. The reasons behind this trade is nothing complicated, I was expecting a bounce from a key area of support and since the sentiment is so extreme against the Yen crosses a bounce was in the cards.
Figure 1: GBP/JPY 30M Chart

My timing was spot on and that was very important for this trade to succe…
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4 Comments
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megajorko 19 Aug.

You are very good trader. Well done

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sharpsense 19 Aug.

He is money machine ;))

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Daytrader21 19 Aug.

megajorko thanks

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Daytrader21 19 Aug.

sharpsense neah....I just had a bid of luck:)....in trading from time to time you need to be lucky:)

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Playing A Defense Game

Daytrader21 Posted 27 Oct.  in #Trader's blog #Gbpjpy
At this stage in order to survive you really have to play defensively and protect your capital no need to be a hero. So in this regard I've decided to cut my trade size in half and also after I see the market moving in my direction I move my stop loss at break-even as soon as the market gives me some room. On my last trade that is precisely what I've done and even thought at one point I was about 50 pips in profit the market reversed and has gone the other way and in the end I was stopped out at…
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GBPJPY Short Trade +159 pips

Daytrader21 Posted 22 Sep.  in #Trader's blog #Gbpjpy
My short trade on GBP/JPY has worked just great even though in the beginning just after my trade was triggered I was in DD -60 pips but I hold the trade as I was still confident it will work. This has been the most profitable trade in terms of pips count this month as I manged to grab +159 pips.
Unfortunately my short-term bearish view on the US dollar has not worked that great and I decided to cut my dollar exposure on USD/CAD and NZD/USD at a small loss. It seems it was the right decision to c…
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GBP/JPY and USD/CAD Trade explanation

Daytrader21 Posted 6 May  in #Trader's blog #Gbpjpy #Usdcad #Technical Analysis Contest #General Elections
In this blog post I want to take the time and go over my latest trades and give few reasons as why I took them. First trade I want to talk is GBP/JPY as yesterday I took a short trade on this pair in anticipation of further downside movement. I was expecting more downside pressure on all GBP pairs due to the UK General Election risk. But for the time being the market has proven me wrong. This trade was quite fast because as soon as my short entry was triggered it started moving against me more t…
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