GBPJPY

vol confirms bulls...
lets see

new 45pip bar starts at 145.95

Tough zone.

Any bets?

5 Bucks I say it will hit 146.18 in 20min


LOL

Tough level , but the battle still on

buy stops can be placed above todays high targeting 146.30 146.80 147.07


Sell Stops Below the low of today
safe place 145.30 target 144.80

Wow. I slept thru the action
Sell level becomes 145.87 interesting.

No Trade till Frankfurt time

Want price to retest 145.80 or the open then sell.

This is cleaner view

To the upside. above 146.05 Buy Stops can be placed with TP ADR HIGH 147.00 or in between

wait n see and then open short

45pip Bar completes around 145.50 new bar opens,, what next buy sell???

Direction is sell, but you don't wanna be caught in a pullback.

Price below open, below daily pivt but near YLow and Range Bar Ends at .50 Very Possible Trap.
Wait on Pullback around frankfurt.

Knowing direction of the trend isn't enough to trade profitably. Knowing pair behaviors and times is more important.


I choose to trade using current market conditions without prediction opinion.
Statistical Ranges are your best friend. The market is a giving of at least 140 pips daily. Your Job is to trap and grab 30 to 40.
We trap the Action with Range Bars and Daily Range.

STopLosses are small cause you always know when the trade will fail and you can exit


Focus on trading the ranges.

How to Grab 40 pips today?

GY about to break below 145.48 , if that happens sell.....

LOL that would be suicide.

No Its best to wait on Return back toward open around 145.80s level to sell, WHY.. CUZ its clear from 80 down to 40 Price been there already.

VSA is a good tool to use, but big Mind Boggle at times - Try to simplify. The idea of Volume is miss-understood by many. price moves when there is orders and stops when there are no orders. That Means stop looking for highest volume on your chart.. Look where there is no volume. Thats where market reverses and turns

Trading BIAS: to the downside. since price is below pivot Today
If price goes above pivot, drop the trade.
Only wait for clear shot , then load the boat
Above 146.06 Run with the Bulls ,, this is also your SL level if you sold 145.90
The ADR serves as possible upper and lower targets.


Note how new bar opend and moved down little then going up.. The hi of this bar will end at 145.95 amazing... huh.
and the Low would be 145.15

hi All,

my system indicating shorting GJ now

short GJ, SL 146.150 , TP 145.350. longer term would be 144.220

hmmm, GU flirting with GJ. And GJ has complicated relation with UJ at the moment.

this triangle love story quite interesting to watch now.

New Range Bar Opened
145.95
Price around pivot. selling is advisable but risky

hy frankk where are you....?? lets talk ,smoke cigarete and drink some coffee..heheh LOL

Ha ha ha...

Sorry Sometimes i work three sessions and sleep for two lol