hello, 3 taps gbpjpy trending up. I donīt know if it is well done or not, the TL? etc...
thanks a lot
http://img220.imageshack.us/img220/2075/gbpjpy.gif
thanks a lot
http://img220.imageshack.us/img220/2075/gbpjpy.gif
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DislikedI'm looking to go short too on that one (treading carefully as 1.3878 is an historic support/pivot line)
Price did go up with the 3 tap as pointed out by PP but then exhausted at 1.4000 (whole rounded number) and is now at a bearish daily so would no longer apply to the up trend IMHO. Plus H4, D1, W1 and M1 RSI's all down (even though its a new week, month)...waiting confirmationIgnored
DislikedEUR/USD short.
Oh, for the experience, I did not see that 3 tap, I guess this is where more screen time looking fro setups is essential.I made a lot of pips on the EU BO though.Ignored
DislikedAm I seeing this correctly? If the RSI turns up on the 4H, I would go long on the 3rd tap? Thanks LG!Ignored
DislikedI have been scanning charts for confirmation of directions and even though it is about 1 1/2 hours too early, there are several pairs that confirm direction on the 3 TFs. Will continue watching until the close of the 4th H1 candle, then start looking seriously for trades.
GBPUSD - long
USDJPY - short
EURGBP - short
Just for starters. Keep in mind that directions can change and always verify directions before entering a trade.Ignored
DislikedMarkets I see right "now":
AUDNZD
AUDJPY
AUDUSD (Daily Weak)
CADJPY
GBPCHF (Daily Sideways)
GBPJPY
USDCAD
USDJPY
Follow LG's advice above and keep in mind that any or all of these can change directions between the time I list them and push the post-it button. I've had to alter a couple of them while typing this...Ignored
DislikedPondering the E/U
H4 and Daily seem to be in agreement and I am looking at this pair as a BUY opportunity, however the weekly is in complete contrast...plus the weekly PA, to me, doesn't have any real direction - lots of wicks.
How would you trade plan this, LG? anyone?Ignored