Sep
15
Hello everyone,
Last month I pointed the bearish breakout we were seeing on GBPJPY weekly chart at around 210.00. In fact, it was a text book flag breakout in the direction of the trend and therefore my bias on this pair was indeed to the downside.
Well, a full month has gone by and GBPJPY has plummeted for over 2000 pips south. I was just curious whether anyone else has profited from this move?
15 September, 10:19 pm
Hi Hector,
I think most people would have been relying on a little guidance from your blogs on how to approach these volatile times. Since your postings are not to common of late I doubt that many would have held the gbpjpy position open for long after the 12th of august
(you last post).
No doubt you made huge profits from the move :)
but the rest of us (without your expertise) probably found these current markets a little too daunting.
I was waiting for some thoughts from you but I know you’re busy with other projects and can’t post that often.
So, to answer the question did I make any profit?
well not since the 12th Aug. Thereafter I just couldn’t see any safe entry/re-entry without risk.
It would have been nice to get some thoughts from you
at the +100 pip, +500 pip, or +1000 pip mark.
I just feel like we’re left out in the cold lately
*sob* *wipe away tear*
16 September, 10:53 am
did you get the aus/usd? :)
16 September, 11:39 am
Hi! I’m new to this stuff. I mistakenly thought I’d missed the boat. When I see something has already moved quite a lot I’m scared that it will reverse course as soon as I jump in. I didn’t appreciate or have any way of figuring out the potential scope of the movement.
That was a very interesting case. I’m going to think about it and see if I can learn something.
Thanks (I check your site everyday to see if there’s another tip. Next time…)
16 September, 8:49 pm
Did you profit from it Hector or were you busy with your job?
How do you trade now you are part time, do you only take daily signals?
16 September, 11:55 pm
Nope, I missed this one.
18 September, 5:13 am
Yes Hector thanks to you, picked up over 800 pips.
Wish you were around more Hector…miss you. I have a guy that wants to take your class, but forex peace corps says you’re not around anymore.
18 September, 5:26 am
I meant to ad, in USD/JPY similar flag break out on weekly.
18 September, 1:54 pm
I think I’ll sit-out these turbulent markets until things settle down. I’ve seen many 3SMA setups lately
that looked completely valid. However, they seem to behave wildly and more ofyen than not trip the SL before
running to the TP.
I just can’t read any charts with confidence lately.
I wish Hector was still posting his regular updates as it would provide some clarity on how to deal with the current madness.
I think the safest thing for me to do right now is
“just not trade”.
18 September, 2:02 pm
I was waiting for the pullback (like EUR USD sheme), but it didn’t come; so I didn’t want to enter with risk
Hope to read you soon,
All the best, J.C.
18 September, 2:29 pm
Marcus, that is a VERY wise decision to be honest. Just like fishermen don’t go out into the sea during storm season, a trader should avoid unnecessary risks through troubled times.
Fred, I also wish I had as much time as I had before to record daily videos and share them with you folks here on the blog, but at the moment I am afraid that I chewed on more than that I can take and my free time is literally non-existent :(
-HECTOR-
19 September, 2:40 am
i could not agree more with Marcus and Hector, the last time i participate the market was last 2 weeks, now i am just waiting sideline
i still trading but demo trade of course