GBP-JPY TODAY: 04:00 12 October 2009 - 03:59 13 October 2009 (time of the west Indonesia, WIB)

Saturday, October 10, 2009

04:00 12 October 2009 - 03:59 13 October 2009 (time of the west Indonesia, WIB)

Open: 141.81

Direction of Trade: Down

direction: Negative, two digit
pressure: Negative, two digit
shadow: Negative, two digit

Search: the highest point for Sell New

note: caution. yesterday, inversion of the direction of trade occurs

1 comment:

AnonymousOctober 13, 2009 at 9:39 AM
I tried a trade the other day but find the spread too expensive for this pair..I think usd/eur is much easier because the spread is small. I lost 43 pips going against the trend so I need a lot of pacractice1 I will come back for more tips..great blog.
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HOW TO USE Tips Support visitor the blog

gbp-jpy today

have two tools:

- The system:

> Direction of trade

- The psychology line:

> Trade area

> Consideration of the stoplost point

+ Direction of trade (additional)

and one additional tools:

- General account of: Resistant - Pivot - Support

ABOUT THE SYSTEM

System used in "GBP-JPY Today" is a very unique system .

Accuracy in predicting the direction of trade, not necessarily "directly proportional" (find the rhythm, by continuing to pay attention to the work of the system in predicting the direction of trade) .

the results of the system:

- Direction: indicates the direction of trade (will be bullish or bearish, on the daily chart)

- Pressure: indicates the direction of the pressure that might influence the direction of trade

- Shadow: as a human shadow to light (trade itself) .

Unique things that can affect / change the direction of trade:

- The intersection of the line "Direction" and "Shadow".

- strong "Pressure", whose value is at odds with the "direction of trade" (+ / -) .

importantly, about the rhythm of the work of the system:

- There will be times:

> Analysis system generates a "contrary", with the direction of trade that occurs, on an ongoing basis, so, do the trade by opposite of trade analysis

> System is always affected by the effect of "the intersection of the line" Direction "and" Shadow " " may, at any time warning of the potential reversal of the direction of trade appear, this could also indicate the potential for analysis errors will occur

- General:

> the Error of analysis only 1x in 8 trading days or more

> Is very, very rarely happens, the analysis results will be "true" / "wrong" turns in a sequence

This is where we need the second tool, the psychology line .

note:

typically, Friday is a tricky day, where trading habits will change, so be careful on that day .

ABOUT THE PSYCHOLOGY LINE

"the Psychology line" formed by the two positions "top" / "low" on the wave chart, which occurred in the previous trading period.

exemplified in each chart was posted:

> 15 min

> Daily

> Weekly

> Monthly

do not ignore, any movement that close to all the potential of "psychological line", make "the lines of psychology" as a consideration:

- Change "the stoplost point"

- Make "new order"

- Do a "close order" .

direction of trade (additional) that can be obtained through "line of psychology":

if we pay attention, top line and low line (on the previous trading day), where the lines are much closer, distance, from the point of opening, will show where the trade will move .

To take a safe position base from analysis gbpjpytoday.blogspot.com

Wise to take in the portions of New Order, prepare for the possibility of 2-3 from five New Order, which each can be closed separately (capacity sufficient balance)

For example, if the analysis shows the direction of trade rises (Up), then:

take the position of Sell New (position 1)

Remember much of the trade begins with the movement in the opposite direction of trade from the real direction, all that is to open / establish space of the trade area
Do not forget to put stoploss position, just in case if the trade more quickly follow the direction of the actual trade

consider, if the movement already experiencing horizontal movement, in which there are two or more "decreasing movement" that do not succesfull, then we could take the Buy New position (position 2)

Do not forget to put stoploss position, as a precaution in case of reversal of trades (trades that fail to follow the direction predicted)

Position 1, put the value of stoploss more: 1 / 3 x (distance (farthest point from the New Order - point of the New Order))

Update the psychology line to assist decision-making

1-2 area is the area of positive points, in this case no matter what, the benefits will still be obtained.

Promote stoploss point toward the direction taken by New Order from position 1 to get a positive points (meaning if it touches the point of stoploss does not mean we lose money, but to keep the profits). Promote a maximum of 1/3 of the heights (distance between points of New Order with the furthest point from New Order) is formed.

Position 2, should be aware of warnings about the potential reversal of the trade that might occur. And if not right (touching point of the stoploss too early) then please be more careful, more wisely and continue to pay attention to the line of psychology, resistance, pivot and support that available, to get back taking a new position 2. But do not be afraid, because we still hold positions 1 (which stores the positive points). Be careful if it is not possible, in this case there are no signs will follow the direction of trade that is estimated, then do not again take the position 2. Please continue to pay attention to the line of psychology, resistance, pivot and support that available./