GBP / JPY -- Guppy!

Jack said:
No pressure, not all traders like giving out their strats. . But I'm very glad Dan shares this stuff since it at least makes us think "ohh, what's that?" and might get the old gears turning in our own heads..
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Exactly. No pressure Dan. But as you think Monday's are magic it would be great if you could share your reasoning.
 
Well me, and a couple of others around this forum from what i have seen, use the Monday as a kind of weekly CDR along side of the Asia range CDR, using the weekly CDR as a kind of reference point locating a weekly high or low. I look at the Monday either being a part of the consolidated or impulsive part of a cycle. Also making it easier to locate monthly tops and bottoms at times. It is mostly a visual thing for me.

At times the Monday range will provide support, resistance and or a Block
 
Thanks for that Dan. It wasn't too painful was it? ;)

I see you've now made a thread to expand on the idea so I'll take a look.

Cheers
 
Believe me, i know what pain is, psychologically and physically :p

I snapped my whole knee joint apart once, doctors took 5 hours to fix it, ouch!
 
Looking for a monthly low, then a monthly high next month at this point,
this pair is not ready to trade for me atm
 

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GdayFx said:
I snapped my whole knee joint apart once, doctors took 5 hours to fix it, ouch!
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Yep, that sounds painful. I hope you have had a good outcome.

Looking for a monthly low, then a monthly high next month at this point
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There's a monthly high and a monthly low every month actually... ;D ...but I think I know what you mean. I guess you're saying you think we will see a swing low formed this month and then a swing high formed next month.

I decided not to get the MT5 demo you mentioned BTW, because I wouldn't trade with them and I don't like just using providers with no genuine intention of giving them any business. Thanks again though, for the details. I still like those MT5 charts you're using.
 
No problem, yeah i like the MT5 demo, i find the 6 and 8hr to be pretty good for my style.
Yep knee has healed not to bad, i did it around 12 years ago racing motocross, now i take risks in the market place, and have been burned there to. like all of us...
All i can say is, i rode my bike better after the crash,
though i am still young at this game!
 
I got Toasted!
Had a feeling the NY open would hunt me down in my sleep, due to falling asleep on the job.
 

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Gosh, it's a M15 chart, you must have been pretty tired when you entered. :(

You know they call this pair the widow maker... Saved by the stop :)
 
Kicking myself now!
Oh well its not the first time i have missed a big pip haul.
trading part time doesn't suit my style, trading to much doesn't either.
what's the answer to my own mishap? Stay alert and calm, think before committing.
See it
re assess it
Manage it
 
You got nailed by an NYO reversal profile on the day you feel asleep. That always hurts.
 
This pair is like a black cat,and also volatile.. When you trade it from my experience,you either need to stick to your mons,r prepared to be beaten :) i think the answer is if you see an edge(a confirmed one by your criteria,and r:r attractive enough),just trade it,don't think.
 
Nice price action falling out of the sky!
 

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