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How about that move on the Guppy?

3 comments

in GBP/JPY Forecast

Hi all,

Just a quick post to show the current GBP/JPY trade we are in. Looking back on the chart this trade came at a time when the yen had been showing a lot of weakness while the pound had acting pretty strong versus all other currencies. To be honest if I traded off of emotions I would have been looking to go long in all of that excitement.

GBPJPY chart prior to entry

This one trade which has already taken profit at +241 pips and is close to taking another profit at +481 pips only happened from following my trading plan and taking the emotion out of trading. Price action alone is the way to trade – leave your emotions at the door.

Here is a look at how the trade is developing. A free trade with profit locked in and lots of profit already taken.

Open GBPJPY trade

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{ 3 comments… read them below or add one }

Martin December 10, 2009 at 5:59 pm

BIG!!!Thanks Jordan, I am still riding that boat. What a trade.
Blessings!!!

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Peter December 11, 2009 at 1:40 am

sir i need the complete version of this strategy

Reply

Jean Claude December 14, 2009 at 8:04 pm

How and when as a new comer on JCL’s Forex can I get on this trade

Thanks

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