Not Forex Related...............

I've added the link below to the sidebar on the right side of this page. My two greyhounds passed a few years ago, but I think of them everyday. They were amazing, and really changed my life. I was a volunteer with a rescue and adoption group in Las Vegas a few years ago, before I moved here to Reno. It is a cause that is near and dear to my heart.

If you're interested, I'd appreciate it if you'd take a look at their site, by CLICKING HERE.

Enough Said.

Thank you.

RE: USDJPY Trading in Tight Range

The GBPJPY broke it's range for a 50+ pip move down, and the EURJPY made a 40 pip move down after it broke below 122.00. Yes, I know these pairs have potential to move more, but I wasn't expecting a big move. That's why I said I'd be happy for a quick 40-50 pip move, which would test yesterday's lows. Remember not to get greedy. A 40% profit margin on a trade lasting no more than an hour, isn't a bad day's work.

You've got to grab those pips when you can!



Once the USDJPY broke below 90.15, it's move down made the EURJPY and the GBPJPY move 40 and 50 pips, for it smaller move of 19 pips. I liked how the USDJPY was stacking up along the 90.15 support, showing pressure on the sell side.


I hope some of you could see how I recognized that set up, and were able to grab a few pips.

USDJPY Trading in Tight Range

Looking of the Yen crosses to make a break out of the tight range they've been trading in for the past few hours. Watch for range breaks on EURJPY and the GBPJPY, particularly to the downside. Remember to watch the USDJPY as an indicator. I'd be happy to grab 40-50 pips on a quick move.

RE: GBPJPY Closed Trade with 75 pips Profit

Cable is not cooperating, thought the UJ made a nice move below the daily pivot, and the GBPJPY reaching previous support at 143.50. A break below that could see another 50pips. I'm perfectly happy with 75 pips profit.

I'm on Pacific time, US, and have not been keeping London Banker's hours. I'm going to call it a day. If it could hold below 143.75, I would have liked to hold half my position, going into GBP news in 2 hours, with a tight stop at news time, to see if the Sterling is going to remain bearish.

75% return in a couple hours isn't bad. I'll take it!

If I see any trades setting up tomorrow, I will post them here.

Take care, and trade safe!

RE: GBPJPY

90.80 is holding for now as resistance on the USDJPY. GBPUSD broke support at 1.5885 and looks like it wants to carry a bit more. If the USDJPY can maintain resistance and the GBPJPY can break support at 144 and hold, we should see it continue to make a nice little move down, with support at 143.50 and 143.00. Key support to watch on the GBPUSD is 1.5850. 35 pip move down already on the GBPJPY, setting my stop to B/E.

For more frequent updates on this trade, CLICK HERE to go to the ForexFactory thread where I post under the name, "FXDad".

FOREX: Possible Sell Setting up on GBPJPY for London Session

Long time since I made a post. It's been a little hectic with other things I have going on. Anyhow, I just looked at the charts and I see nice supports setting up on the USDJPY, GBPUSD and the GBPJPY. If the yellow support lines weaken and price falls on the GBPUSD and the USDJPY, there will be a nice sell opportunity on the GBPJPY.

Hope the New Year has been good to you so far!

Cheers!