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USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
Disliked{quote} Lets see now, good bounce I'm not feeling confident with Asian bounce, ahead of NFP, could be pump before dumpIgnored
Disliked{quote} I never hold trades into FED meetings. Probabilities are never good. A guessing game I can do without.Ignored
Disliked{quote} I'm too scared to long after such a massive nov/dec bull, perhaps you know something that I don't, who knows, goodluck with the longs hehe I will short the living shit out of this pair if it dares to reach that price again.Ignored
Charts I use (in sequence):
1. Daily
2. H4
3. H1
Explanation:
1. Daily chart
- Price already hit lower band
- Price above Ichimoku cloud and above Kijun-sen, Chikou span above price
- RSI > 50 and also divergence
- SMA 50 already crossed over SMA 100 and SMA 200 also SMA 100 already crossed over SMA 200. Price above those 3 SMAs
- Still hold above 23.6 Fibo
Note:
Still risky because still below trend line I draw, still below middle band, SAR point still above price and MACD still below yesterday value.
2. H4 chart
- Price already hit lower band
- MACD crossed over signal
- Stochastic oversold and going up
- Price above 200 SMA and already hit 200 SMA
- SAR below price
Note:
I have made a mistake not pay attention to 200 SMA and my SL to tight. My SL got hit @155.10 where 200 SMA is @155.27. Still risky because price still below 100 SMA and price hasnt above Senkou span
3. H1 chart
- Price going upward from lower band and already above middle band
- Chikou span has crossed over and above price. Price above Kijun-sen
- SAR below price
- RSI above 50
- MACD value and signal above 0 line
Note:
Still risky because price still hasnt success to break and close above 200 SMA. 100 SMA has crossed up and down 200 SMA in the previous hour. Stochastic also heading down.
Other reasons I still holding my long position are based on H4 chart:
Sorry for too much explanation from me and the really mess charts
Warning:
Read my signature
Disliked{quote} Hi bro, Sorry I'm late to give you the screenshots. Now I'm free, so I'm gonna give you more detail explanation why I took long position. Indicators I use: Bollinger Bands Ichimoku RSI MACD Stochastic SMA 50,100,200 SAR Fibonnaci (retracement and extension) Charts I use (in sequence)....Warning: Read my signature{image} {image} {image}
Ignored