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rufffen · 11-03-2008, 07:33

GBP JPY SETUP 30 min

Here's a potentially great setup on pound cross 30min chart (wrong label).

As we speak a nice pin bar is in formation at a key resistance level, so this looks like a decent price to SHORT it. If I was to take it I would trade it a swing trade - SL at previous highs at TP at approx +200 pips from current levels (204.30-60).

EUR CAD trade didn't work out as expected and went against us for a loss of approx 100 pips.

Meanwhile, I want to still remain focused on GBP USD EUR USD and spot gold, although GBP JPY presents better opportunities. I will continue researching yen crosses, if you scroll back to my 2006 posts, you will find that I had some very nice trades on yen crosses back then.

11-03-2008, 07:33	#43
rufffen Zone trading Join Date: Jun 2005 Posts: 1,058 Downloads: 2 Uploads: 0 Rep Power: 5	Re: rufffen XAU spot gold and majors trades GBP JPY SETUP 30 min Here's a potentially great setup on pound cross 30min chart (wrong label). As we speak a nice pin bar is in formation at a key resistance level, so this looks like a decent price to SHORT it. If I was to take it I would trade it a swing trade - SL at previous highs at TP at approx +200 pips from current levels (204.30-60). EUR CAD trade didn't work out as expected and went against us for a loss of approx 100 pips. Meanwhile, I want to still remain focused on GBP USD EUR USD and spot gold, although GBP JPY presents better opportunities. I will continue researching yen crosses, if you scroll back to my 2006 posts, you will find that I had some very nice trades on yen crosses back then. Attached Thumbnails __________________ rufffen XAU spot gold and majors trades(click) trading zones for the month of April 2008.(click) trading zones for the month of May 2008.(click) 2516 pips trading one lot in April 2008.