GBP/JPY May 22nd, 08 — The price has finally broken out of the channel but it's headed into my Do Not Trade zone. I will not be taking any longs right now even if it goes up to 206.00. It's trying to break back through an older, stronger ...
GBP/JPY May 21st, 08 — I'm waiting for this to break out of the range of 202.60 - 205.00. I will go short @ 201.80 break T/P 200.75 S/L 202.60 .....long @ 206.16 break T/P 207.00 S/L 205.00
Trading Rules and Tips for the Breakout Method — MOST of these rules are common sense rules but some come from experience. *Trade only when there is an opportunity to trade not just to be trading. Even if it takes you two weeks or longer for ...
The Breakout Method — I wrote this post for anyone to understand from beginner and up. First if you are brand spanking new in trading Forex then you'll need basic education, charts, an economic calendar and a demo account. There are many links ...