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Thread: GBP/JPY signal

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    Default GBP/JPY signal

    Here is my opinion of the current situation. (I've been trying to get the $25 so I can jump in on this for $1 per pip)

    I'm thinking go long right now in the 247s all the way until 249-250 which I think will hit today

    well I got one more post to go sm_happy

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    In Profit 13thheaven's Avatar
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    luckily i haven't got my $25...
    and btw, with 500:1 leverage, u still can't play gbp/jpy right...?
    or am i wrong?
    yesterday, it's only 248...
    and maybe today it will reach 248 again...
    hopefully...

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    Default

    Daily Pivot Points Summary

    GBPJPY 248.95 245.07 248.88 242.44 243.76 246.32 247.63 250.20 251.51 254.07 10:00 GMT

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    Default

    4 Hours Pivot Points Summary

    GBPJPY 248.56 247.69 248.19 246.86 247.27 247.73 248.14 248.60 249.02 249.47 10:00 GMT

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    Default

    Hourly Pivot Points Summary

    GBPJPY 248.43 248.08 248.19 247.68 247.88 248.03 248.23 248.38 248.58 248.73 10:00 GMT

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    Quote Originally Posted by 13thheaven View Post
    luckily i haven't got my $25...
    and btw, with 500:1 leverage, u still can't play gbp/jpy right...?
    or am i wrong?
    yesterday, it's only 248...
    and maybe today it will reach 248 again...
    hopefully...
    0.1 lot = 10000 unit base currency, with 500:1 leverage you need 20 unit of base currency.
    20 unit of GBP equals around 40.7 USD.

    You have too look for 20 unit of base currency worths less than 25 USD, such as USDJPY (20USD), AUDUSD (17.4USD), etc...

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    Default

    just start with 0.1 lot :-)

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    Quote Originally Posted by Kang_Gun View Post
    just start with 0.1 lot :-)
    With $25, even at 1:500 leverage, for GBPJPY you can only open 0.06 lot. It is not enough even to start with 0.1 lot!
    You have to select a pair with lower price, not just any pair.

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    Quote Originally Posted by fireflies View Post
    With $25, even at 1:500 leverage, for GBPJPY you can only open 0.06 lot. It is not enough even to start with 0.1 lot!
    You have to select a pair with lower price, not just any pair.
    Really? are talking about Standard Account or Micro account?

    KG

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    Quote Originally Posted by Kang_Gun View Post
    Really? are talking about Standard Account or Micro account?

    KG
    This thread is about GBPJPY and $25 bonus on standard account.

    However the computation is similar for micro account, because the initial $1 balance is stored as 100 cents, and the smallest lot is 0.1 lot (1lot=100,000 unit cents).
    So $1 in micro account, using 1:500 leverage, we have around 0.24 cent-lot. Truncate to 0.1 cent-lot, we can open at most 0.2 cent-lot.

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    Quote Originally Posted by fireflies View Post
    This thread is about GBPJPY and $25 bonus on standard account.

    However the computation is similar for micro account, because the initial $1 balance is stored as 100 cents, and the smallest lot is 0.1 lot (1lot=100,000 unit cents).
    So $1 in micro account, using 1:500 leverage, we have around 0.24 cent-lot. Truncate to 0.1 cent-lot, we can open at most 0.2 cent-lot.
    OK, so it's clear now... thanks bro sm_smile . So, how about GJ next week any comments or analysis? Share with us bro...

    KG

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    no comments or anything new?

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    Since August the G/J follows in the TF M240 the layed-down XMAS tree pattern . If u use the PSAR indicator. It is time to brake up from this pattern. I hope it will to move up
    "Strategy without action is just dreaming, action without strategy is nightmare" Japan proverb

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    It is the end of month. I am curious that new week and new months candle will be long enought to make the third, the biggest peak on the daily chart, above 252 this month
    "Strategy without action is just dreaming, action without strategy is nightmare" Japan proverb

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    All trader here please tell to me what is g/j trend this week, up or down.

    And please give fundamental analyze to me about g/j this week.

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