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Simple Level Trading

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  • First Post: Mar 17, 2020 10:42pm Mar 17, 2020 10:42pm
  •  jhehe
  • | Joined Jan 2012 | Status: Just Pippin' | 459 Posts
Going to start journaling here. Very simple stuff - chart, identification of key levels, and execute.

USDJPY - Sell @ 107.17, SL @ 107.42

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  1. Over on the M15 timeframe, pair breaks below a trendline
  2. After it breaks down the 107.27 level, it retraces back up
  3. Sell trade entered to provide good R:R if level holds as resistance

  • Post #2
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  • Last Post: Mar 18, 2020 9:23am Mar 18, 2020 9:23am
  •  jhehe
  • | Joined Jan 2012 | Status: Just Pippin' | 459 Posts
USDJPY - Closed @ 106.79

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  1. This was a major demand level, unlikely for price to go lower given this strength

 
 
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