GBPJPY TRADE
Coral Green on 1HR 30Min
Got Signal
Coral Green on 1HR 30Min
Got Signal
Are you a full Time Trader Or Part Time? 32 replies
Full-time student, Part time trader 7 replies
from retail trader to full-time trader 17 replies
Experienced Coder/Trader Needed to Develop Trading Strategy 0 replies
Disliked...Elsewhere, a LONG would make sense on USDJPY but as always, wait for a strong good signal if you did not enter around 102.830. 103.150 seems to be worth considering but 103.000 would be better. Just not sure PA will come back there.
If you feel you need to try your luck LONGing EUR, maybe you want to look at EURJPY provided you are convinced EURUSD and USDJPY are both going up (as always, technicals must align). That way you hedge yourself a little bit against the EUR turning back on you. But I would be cautious: if both pairs start going down,...Ignored
DislikedA SHORT on AUDUSD worth considering. The pair had started going down and Building Permits came in very low 2 hrs ago. Plus, RBA's statement yesterday stressed that Aussie uncomfortably high (Doesn't mean investors will act on that though). Entry could be around 0.92375 with SL @ 0.92575 and first TP @ 0.92190. If price reaches TP1, I would trail SL to BE. Alternatively, one could wait for the pair to really breach 0.92280 and establish it as a new resistance and then enter a SHORT there. We missed the many SHORT opportunities on NZDUSDIgnored
DislikedI wanted to show my system to help some struggling traders out and give back to the community since the community has been so good to me and I am a firm believer in you reap what you sow (Galatians 6:7-9). This system is very simple and I encourage you to make it your own and take from it what you want. I will go over the rules which are VERY simple. I customized my template but what I am using is the THV Trix and Coral from the THV system which is located in this forum. Do a quick search and you will find these indicators here Special thanks...Ignored
DislikedHere is one I am watching on the H4 chart: NZDUSD. Everything is in place if we get an entry bar. Price is at support, coral and dotted lines are green. We have out green arrow up. Now we just need confirmation to pull the trigger {image}Ignored
Disliked{quote} Hi Dewey - Yes NZDUSD is at a major support. Let's see how it plays out. I am also watching USDCAD. It might break the 1.10000 support with all the bad data coming from the US. I guess NFP tomorrow will be decisive.Ignored
Disliked{quote} NZDUSD looking good as Dewey posted a couple of minutes ago. One strategy could be, go LONG (I did at 0.85470) and 1h to 30 minutes prior to NFP move SL to a point where even if taken out, we are still happy. If the trade is in the green by then, that point can be BE or even lock in some profit. That allows to collect lots of pips if NFP misses (several analysts think it won't miss though). I am thinking there is a good probability the trade might be in the green pre-NFP: 1. After the rather strong down movement, some investors might take...Ignored
Disliked{quote} NZDUSD looking good as Dewey posted a couple of minutes ago. One strategy could be, go LONG (I did at 0.85470) and 1h to 30 minutes prior to NFP move SL to a point where even if taken out, we are still happy. If the trade is in the green by then, that point can be BE or even lock in some profit. That allows to collect lots of pips if NFP misses (several analysts think it won't miss though). I am thinking there is a good probability the trade might be in the green pre-NFP: 1. After the rather strong down movement, some investors might take...Ignored
Disliked{quote} Moved SL to BE when price reached 0.85610 and went to sleep. Just woke up and saw I got stopped out . Re-evaluating.Ignored