Kumars journal - cable and GBP/JPY mostly -
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thread: Kumars journal - cable and GBP/JPY mostly

  1. #11
    Order GBP/JPY sell at 238.20 time limited 6.45 pm.
    Edit - great thing order expired until the price was reached.

  2. #12
    Cable - market limitation at 2.0463.
    Ought to be a few retracement atleast. It is 161% extension of yesterday and R2. hoping for 2.0425.

  3. #13
    Closed the brief from 2.0463 in 2.0453 because it is not moving down quickly enough.
    Cable is creating inside pubs in 5m chart which direction it breaks it probably will be strong.


    Ele
    GBP/JPY has still got a little more upward movement, I believe. Maybe upto 240.20-50.
    Don't take this as trade recommendation.


    Kumar

  4. #14
    Only went long GBP/JPY 238.60 tp 75pips.

  5. #15
    Purchased GBP/JPY in 238.25 and 237.90.

  6. #16
    All GBP/JPY trades currently equate to buy at 238.30.
    Was fast on the cause . I should have waited to get the sign from my machine, if I had waited, I'd have bought at 237.90 rather than buying on down the road.
    Lesson learnt - wait to get a clear sign. easier said than done.
    Now tp for all 3 transactions - 238.70 but can increase it or shut the transactions depending on the way the prices unfold.
    Good chance of price going up farther but have to leave now. Hence, closed all transactions to get 4 pips.

    Edit - when I had waited 15 minutes more before departing, could have made 40 rather than 4.

  7. #17
    Buy GBP/JPY in 237.75 tp 238.20. Then, short.

  8. #18
    Fortunately didn't have time to get into a computer to short at 238.20. so 45pips on GBP/JPY.

  9. #19
    I had left a buy order at 2.0326 for cable. It was the daily pivot (2.0322) and about that was 38% retracement from friday. Friday was a bullish snare bar. So thought that cable has a probability of loing support there.
    TP - 2.0395. SL 35 pips.

  10. #20
    Just realised today, I started with $1000 plus it has become $2150. I am taking the $1000 I put in. So pressure.
    I shall continue to use EA in GBP/JPY which is giving around 200 a week.

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