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Thom Grey commented on Thom Grey's blog post Sell EUR/USD, EUR/JPY and GBP/JPY
"Yeah, EUR/USD went up quite a bit, but we didn't enter any sell trade. EUR/JPY was hit with a break even, as it went way over 140.05."
Mar 3
Thom Grey posted a blog post

Keep your GBP/JPY and AUD/JPY sell trades open. Ukraine news is the key.

Today the fx markets opened with gaps facing down mainly due to the recent events in Ukraine and Russia, where intense situation almost escalated into a war. Almost...but the chance that we could be on the brink of war still remains.Today I recommend watching the Ukraine news, as those could be the key to fx market changes that could even surpass the findamental economical PMI news from Europe and US.We sold GBP/JPY and AUD/JPY on Sunday night when the 169.60 and 90.66 levels were breached as…See More
Mar 3
Thom Grey's blog post was featured

Sell EUR/USD, EUR/JPY and GBP/JPY

Yesterday we sold EUR/USD, GBP/USD and EUR/JPY. For today I recommend selling EUR/USD again from 1.3691 level. Reason for entry is quite simple: 123 strategy (High – low – high – broken low), and broken uptrend lower channel line, which indicates that EUR/USD could be going down. If 1.3691 level is broken and hourly candle stays below, we could see the price going for 1.3644 first (first profit target) and then possibly to 1.3600. Anyway, I suggest moving stop loss order of your second position…See More
Feb 28
Thom Grey commented on Thom Grey's blog post Sell EUR/USD from 1.3681
"Thank you Michel. I wish all my predictions were that accurate."
Feb 28
Michel Miles commented on Thom Grey's blog post Sell EUR/USD from 1.3681
"Good job! The most exact forecast today!"
Feb 27
Thom Grey's blog post was featured

Sell EUR/USD from 1.3681

EUR/USD has broken the daily support at 1.3685, which also served as the last week low. With this in mind, we will be selling this pair, unless it comes back above 1.3700. I suggest selling it from 1.3681 with stops above 1.3703. First profit target is near 1.3640. I also suggest selling GBP/USD from 1.6671 with stops at 1.6711. Sell two positions and the first has to be closed near 1.6630. GBP/USD is currently in a descending channel and unless it breaks the 1.6730 resistance, it will be stuck…See More
Feb 27
talisman commented on Thom Grey's blog post Hold EUR/JPY and EUR/USD long trades
"" we all know " famous last words, reality is we never know what we think we know"
Feb 25
peter tec commented on Thom Grey's blog post Hold EUR/JPY and EUR/USD long trades
"friend why trade with long trade we all know ones eurusd hold below 1.38 we may also see EU falling to 1.35 in the nest week EJ will also test 138.50 EJ below 140.15 we test 138"
Feb 25
talisman commented on Thom Grey's blog post Hold EUR/JPY and EUR/USD long trades
"you ve got some pretty good ideas here, I doubt there will be many who can handle the 200 pips downturn you would ride before bailing in EY but the reality is that could well be the way one needs to think .  good luck"
Feb 25
Thom Grey posted a blog post

Hold EUR/JPY and EUR/USD long trades

Yesterday we bought EUR/USD from 1.3745 and EUR/JPY from 140.93. I suggest holding those trades with the same profit and stop targets like I described yesterday. In case EUR/JPY starts reversing, wait for the pair to break the support barrier at 139.00 and sell only then. I still think that we will hit the weekly top at 145.47, make a double top and only then we might retrace a bit further. GBP/JPY is stuck in the same whipsaw channel between 171.80 and 169.10. I suggest buying it only above…See More
Feb 25
Thom Grey posted a blog post

Buy EUR/JPY and EUR/USD

We bought EUR/JPY from 140.93 and GBP/JPY from 171.20 on Friday. GBP/JPY didn’t work out, even though I still believe we will see this pair coming up. EUR/JPY didn’t fall that much and we’re still in a EUR/JPY buy trade from 140.93 with the same stops at 139.93. First profit target is at 141.93. If you haven’t bought this pair, I suggest doing it now, from lower levels (currently it’s at 140.54) I would recommend buying GBP/JPY if it breaks current resistance level at 171.80 and stays above…See More
Feb 24
Thom Grey posted a blog post

Move stops of GBP/USD sell trade from 1.6705 to break even.

We sold GBP/USD from 1.6705 yesterday and our stop loss was set at 1.6755. Stop loss wasn’t hit and now we have a floating 13 pips of profit. I suggest moving your stop loss order to break even and waiting for the profit target at 1.6620. In case the price starts moving in a whipsaw pattern, it’s better to stay on the safe side. EUR/USD is also moving north without even falling back and I suggest buying this pair on dips. One such opportunity is just near 1.3713 level (daily support pivot). I…See More
Feb 19
Thom Grey posted a blog post

Sell EUR/USD and GBP/USD on breakouts

EUR/USD has been moving near resistance levels for three days already without clear or aggressive movement north or south. I suggest selling it only after it breaks current daily support at 1.3688 with stops above 1.3726. Sell two positions with profit targets at 1.3650 and 1.3620. In case the price moves in a whipsaw pattern and pushes out our stops, don’t sell this pair anymore. EUR/USD may as well be in the accumulation mood looking for higher highs. GBP/USD is also floating near monthly…See More
Feb 18
Daologic commented on Thom Grey's blog post Sell EUR/USD from 1.3668 and GBP/USD from 1.6638
"for GU wait and put a sell pending order at 1.6724-1.6748, SL 1.6755, Target 1:50 pips, Target 2:100 pips"
Feb 14
Thom Grey posted a blog post

Sell EUR/USD from 1.3668 and GBP/USD from 1.6638

Yesterday we were selling EUR/USD from 1.3658. Stop loss was moved to 1.3653 and it was hit shortly after my signals. Well, better safe than sorry...We still got 5 pips.EUR/USD has reached daily tops near 1.3705 after yesterday’s quick climb up from 1.3563. Today is Friday and I suggest using the opportunity and selling it again from lower level near 1.3668. Sell two positions with stop loss at 1.3706. Initial profit target must be placed near 1.3630. Don’t sell guessing tops, as it is too…See More
Feb 14
Thom Grey's blog post was featured

Keep EUR/USD short trade from 1.3658 with stops at 1.3653

Yesterday we sold EUR/USD from 1.3658 and closed one position at our initial profit target at 1.3610. First target was hit bringing us 48 pips of profit. Right now I suggest keeping your last position with the same profit target at 1.3500. Move stops to 1.3653, in case EUR starts appreciating against the USD aggressively.I also recommended selling USD/JPY and EUR/JPY… We sold two USD/JPY positions from 102.37 with first profit target fixed at 102.02. It was hit today bringing us additional 35…See More
Feb 13

Profile Information

About Myself
I have been trading forex for about 6 years, actively and passively. Right now I am developing my trading style which is based upon technical, fundamental and psychological factors with a strict money management.
Trading style
Technical
Current Broker
Oanda

Follow the trend

I can't stress it enough, so I'll just repeat what I have just said. Follow the trend, because "trend is your friend".

Another thought is sell high and buy low. That works best in range and swing markets. Doesn't work very well in a strong trend conditions when operating against the trend.

Entering the trade in several orders is also encouraged. This way one could diversify and optimize his profits.

Forexsignals24

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Thom Grey's Blog

Keep your GBP/JPY and AUD/JPY sell trades open. Ukraine news is the key.

Posted on March 3, 2014 at 7:36am 0 Comments

Today the fx markets opened with gaps facing down mainly due to the recent events in Ukraine and Russia, where intense situation almost escalated into a war. Almost...but the chance that we could be on the brink of war still remains.

Today I recommend watching the Ukraine news, as those could be the key to fx market changes that could even surpass the findamental economical PMI news from Europe and US.

We sold GBP/JPY and AUD/JPY on Sunday night when the 169.60 and 90.66 levels…

Continue

Sell EUR/USD, EUR/JPY and GBP/JPY

Posted on February 28, 2014 at 7:51am 3 Comments

Yesterday we sold EUR/USD, GBP/USD and EUR/JPY.

 

For today I recommend selling EUR/USD again from 1.3691 level. Reason for entry is quite simple: 123 strategy (High – low – high – broken low), and broken uptrend lower channel line, which indicates that EUR/USD could be going down. If 1.3691 level is broken and hourly candle stays below, we could see the price going for 1.3644 first (first profit target) and then possibly to 1.3600. Anyway, I suggest moving stop loss order of…

Continue

Sell EUR/USD from 1.3681

Posted on February 27, 2014 at 7:36am 2 Comments

EUR/USD has broken the daily support at 1.3685, which also served as the last week low. With this in mind, we will be selling this pair, unless it comes back above 1.3700. I suggest selling it from 1.3681 with stops above 1.3703. First profit target is near 1.3640.

 

I also suggest selling GBP/USD from 1.6671 with stops at 1.6711. Sell two positions and the first has to be closed near 1.6630. GBP/USD is currently in a descending channel and unless it breaks the 1.6730…

Continue

Hold EUR/JPY and EUR/USD long trades

Posted on February 25, 2014 at 8:02am 3 Comments

Yesterday we bought EUR/USD from 1.3745 and EUR/JPY from 140.93. I suggest holding those trades with the same profit and stop targets like I described yesterday.

 

In case EUR/JPY starts reversing, wait for the pair to break the support barrier at 139.00 and sell only then. I still think that we will hit the weekly top at 145.47, make a double top and only then we might retrace a bit further.

 

GBP/JPY is stuck in the same whipsaw channel between 171.80 and…

Continue

Buy EUR/JPY and EUR/USD

Posted on February 24, 2014 at 7:30am 0 Comments

We bought EUR/JPY from 140.93 and GBP/JPY from 171.20 on Friday. GBP/JPY didn’t work out, even though I still believe we will see this pair coming up.

EUR/JPY didn’t fall that much and we’re still in a EUR/JPY buy trade from 140.93 with the same stops at 139.93. First profit target is at 141.93. If you haven’t bought this pair, I suggest doing it now, from lower levels (currently it’s at 140.54)

 

I would recommend buying GBP/JPY if it breaks current resistance level at…

Continue

Move stops of GBP/USD sell trade from 1.6705 to break even.

Posted on February 19, 2014 at 7:42am 0 Comments

We sold GBP/USD from 1.6705 yesterday and our stop loss was set at 1.6755. Stop loss wasn’t hit and now we have a floating 13 pips of profit. I suggest moving your stop loss order to break even and waiting for the profit target at 1.6620. In case the price starts moving in a whipsaw pattern, it’s better to stay on the safe side.

 

EUR/USD is also moving north without even falling back and I suggest buying this pair on dips. One such opportunity is just near 1.3713 level (daily…

Continue

Sell EUR/USD and GBP/USD on breakouts

Posted on February 18, 2014 at 7:24am 0 Comments

EUR/USD has been moving near resistance levels for three days already without clear or aggressive movement north or south. I suggest selling it only after it breaks current daily support at 1.3688 with stops above 1.3726. Sell two positions with profit targets at 1.3650 and 1.3620. In case the price moves in a whipsaw pattern and pushes out our stops, don’t sell this pair anymore. EUR/USD may as well be in the accumulation mood looking for higher highs.

 

GBP/USD is also…

Continue

Sell EUR/USD from 1.3668 and GBP/USD from 1.6638

Posted on February 14, 2014 at 8:11am 1 Comment

Yesterday we were selling EUR/USD from 1.3658. Stop loss was moved to 1.3653 and it was hit shortly after my signals. Well, better safe than sorry...We still got 5 pips.

EUR/USD has reached daily tops near 1.3705 after yesterday’s quick climb up from 1.3563. Today is Friday and I suggest using the opportunity and selling it again from lower level near 1.3668. Sell two positions with stop loss at 1.3706. Initial profit target must be placed near 1.3630. Don’t sell guessing tops, as it…

Continue

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