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rufffen · 05-04-2008, 01:34

GBP JPY TRADING IDEA (REFER TO THE CHART)

Here's my favourite scenario for the next week, initial targets lie ahead at 206 and subsequently at 208. Balance zone is 201.30-50, as long as price action at the start of the week remains above you can start buidling a LONG position.

LONG at market open (if above balance zone)
SL 201.00-201.30
TP1 204 TP2 206

This scenario will confirm further downside on EUR USD GBP USD.

05-04-2008, 01:34	#82
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 TRADING IDEA (REFER TO THE CHART) Here's my favourite scenario for the next week, initial targets lie ahead at 206 and subsequently at 208. Balance zone is 201.30-50, as long as price action at the start of the week remains above you can start buidling a LONG position. LONG at market open (if above balance zone) SL 201.00-201.30 TP1 204 TP2 206 This scenario will confirm further downside on EUR USD GBP USD. 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.