Entry: GBPJPY Buy Signal

I entered GBP/JPY at 136.69 (yellow circle), based on the 30 EMA system on daily time frame. The pair also touched the support trendline (magenta) at 135.70 area and bounce for almost 200 pips at the moment. Retest to 135.70 area is very possible. The first target upside is the 38.2% retracement of 215.85 to 118.80 at 155.87. Next target are 50% retracement at 167.32 and 61.8% retracement at 178.78. Stop loss level is below the trendline.

Update: GBP/USD Closed 510 Pips

After pushing 900 pips on Tuesday, GBP/USD fell on the remaining days this week. The pair is now at the 30 EMA on Daily chart. I decided to exit the position with 510 pips and open again at 1.4330. It is a good entry signal I think: price at 30 EMA and QQE cross down. Stop loss also has move to 1.4000. Target remain at 1.6200-1.6428 (38.2% Fibo retracement). Another levels of retracement are 1.7331 (50%) and 1.8235 (61.8%). However, there are

Update: Closed EUR/USD 100 Pips Below Target

I finally closed my EUR/USD at 1.3492, just around a hundred pips below my initial target at 1.3580. I know I should let it reach the target although it may not, but it is a 70% return to my account (949 pips). There is also a technical factor. The pair is at 30 EMA area on weekly chart and that means sell. Below is the EUR/USD weekly chart.


I still have GBP/USD open. The pair closed above 30 EMA on daily chart and seems promising to continue its way up. Okay that is it. Hope you guys also banked some pips in last night movement after the news. Happy trading guys!

Minyu2Fx: The Method

Minyu2Fx: The Method

Entry: Added GBPUSD to the Portfolio

GBPUSD touch 1.3654 this week but soon bounced to 1.38 area. I opened a position at 1.3812 with Stop Loss at 1.3494 low. I think it's a good price to buy the pair. First target will be 38.2% retracement area around 1.6428 and 50% retracement level around 1.7331 next. 13 EMA has just crossed above the 21 EMA on 4 hour time frame but the QQE indicator hasn't completely cross above the 50 level. Below is the picture.

Update: Re-entered EU Long

Here is a funny story. Remember that I mentioned something about opening positions on E/U and G/U? I just found out that I didn't. Actually I did, but they are on virtual..lol.. In fact, all other trade I made this week was on virtual. See I re-install my OS last weekend and had to re-install all the softwares including the streamster (Marketiva), so the setting was on default. I closed all of the virtual trade and immediately open E/U long at 1.2543. I didn't re-enter G/U.

It was a stupid mistake, but I don't regret it so much. See, I was losing on 1 hour TF until Thursday. However, I got 2 nice trades on G/J last night (with live account). For my E/U position, I haven't move the Stop Loss, but I move the target further to 1.3580. Ok, have a nice weekend guys!

Entries: G/U and E/U Long

I entered E/U at 1.2522 and G/U at 1.4071 for long-term position (could be week or weeks or months but longer than a few days :P). Both E/U and G/U are at the support (previous low), and I thought I take this opportunity. The target are 1.32 (around 700 pips) for E/U and 1.65 (around 2400 pips) for G/U. Both target are near the 38.2 Fibonacci retracement level. The stop loss is 70 pips for E/U. But G/U stop loss is almost 600 pips, meaning that I have to use smaller quantity. Hence the return for G/U will be smaller despite the bigger target. Below are the screenshots. Have a nice day guys!