GBP/JPY — GBP/JPY has crawled through it's 20 and 50 hour sma. I have a buy order in at the hourly trend line down at 189.00. My stop will be at 187.60....profit point is unknown at the moment. I don't have any logic behind this trade, other ...

Guitarjrb's Trading Journal

A quick outlook before I check out. — I attached a quick chart. I expect to buy back into usd/cad at the 20 and/or 50 SMA for a break into the 1.08's. GuitarJrb

Guitarjrb's Trading Journal

Time to close out! — The tear up hill in USD/CAD seems to have stalled. Probably because of the rise in oil...i don't know. So, the position is now closed. at 1.0635 for a gain of 230 pips. Running total +283 Pips. EDIT: Will probably check ...

Guitarjrb's Trading Journal

Blowing in the wind... — Cruising on along sitting at about +222 pips. Makes for a good day! Hopefully the USD appetite continues so I'll be done trading for the week. Wait what do I mean by that? Well, I don't really set any goals, but once I ...

Guitarjrb's Trading Journal

It's a good morning! — It's nice to wake up to see a +75 position. The USD/CAD long from 1.0405 is looking nice at the moment hanging in at about 1.0470-1.0475ish for now. It has been as high as 1.0515 overnight, but I was sleeping at that ...

Guitarjrb's Trading Journal

Scary day — Wow...interesting day this is! My USD/CAD position is hanging in there after a drop of about 50pip in a few seconds it has rebounded to near break even. Thank goodness for a well placed stop and sufficient margin to support the ...

Guitarjrb's Trading Journal

Looks like dollar strength... — This week i'll be following the crowd and focusing on the USD strength. This morning I am taking a long USD/CAD at 1.0405 with a stop at 1.0285. I'll be looking to close half at 1.07 and protecting the rest with ...

Guitarjrb's Trading Journal

Stopped out for -53 — It happens. Crazy, tight price action today. Unfortunatly it broke out on the wrong side of my trade. +53 running total

Guitarjrb's Trading Journal

The opposite side of risk. — Bright and early and i'm taking the opposite side of risk this morning. Long EUR/JPY 155.73....not far from support. 'Cause it's sitting close to support, the stop is rather tight at 155.30. Looking for 157.00 tp. ...

Guitarjrb's Trading Journal

Closed GBP/JPY short @ 195.20 for +110 — It's past my bedtime and I don't like leaving trades overnight. Closed for +110 pips. Peace and good trading! GuitarJrB

Guitarjrb's Trading Journal

After the London fix comes the DOW re-fix. :-) "or if she is doomed to fall. All this overinflated prices as a result of this crAZY bailout seems to be only a bandaid fix." This is a logical point of view IMO. GuitarJrB

Auslanco - GBP/JPY and GBP/USD (newstrade)

Nice 197.00 failure — Beautiful 197 failure. Now i'm looking for the hourly trendline to be broken around about the 196.15 area. This will help to re-enforce the trade. GuitarJrB

Guitarjrb's Trading Journal

Took the trade short GBP/JPY 196.30 — Short GBP/JPY at 196.30. Stop loss is at 197.30, TP 192.75.

Guitarjrb's Trading Journal

$700 Billion Bailout — It should be noted that we are awaiting approval on the $700B bailout plan. Approval of this plan would likely result in a stock market rally. From a personal aspect, it's not that logical to me, but....it's the way ...

Guitarjrb's Trading Journal

My thoughts on the day — I'm a person of few words, so if you want me to elaborate on things...let me know. Today, i'll be keeping a strong eye on the stock market, as we all are i'd imagine. Cross/jpy made nice runs up...weakness in the stock ...

Guitarjrb's Trading Journal