USDJPY 1M -5Pips
Long after PA retrace back to dragon, - 5pips
Long after PA retrace back to dragon, - 5pips
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- Post #11,545
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- Oct 18, 2017 10:34am Oct 18, 2017 10:34am
UJ -5pips. Dragon and 200EMA is nice up. Price go up with notable volume candles, wait for a retrace to dragon and trendline and Enter with a TP at previous high. Then Price go reverse. Any comment pls? {image}
- Post #11,550
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- Oct 18, 2017 11:14am Oct 18, 2017 11:14am
Another UJ + 3.5 quick pips 
Just stalk and wait patiently for your favorite setup to form.
Just stalk and wait patiently for your favorite setup to form.
~I'll take 5 pips or whatever I can~
- Post #11,551
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- Oct 18, 2017 11:33am Oct 18, 2017 11:33am
UJ CT trade -4pips Price reaches Whole Level then goes down with a Stopping volume. I enter sell, then it goes up again break the whole level. {image}
it is not actually that simple to read the volume and the relation with price, it that more practice and experience, here is the explanation:
-for stopping volume, even if the volume are higher than previous one, you dont jump in to trade it immediately, you need to evaluate the next few bar,
what is its reaction, how is the volume for next few bar, what is current position, think about are the current price worth your risk? is the price screaming to you: "Trade me, enter the trade"
hope that help
- Post #11,552
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- Oct 18, 2017 12:37pm Oct 18, 2017 12:37pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Hi bkproteus, it is not actually that simple to read the volume and the relation with price, it that more practice and experience, here is the explanation: {image} -for stopping volume, even if the volume are higher than previous one, you dont jump in to trade it immediately, you need to evaluate the next few bar, what is its reaction, how is the volume for next few bar, what is current position, think about are the current price worth your risk? is the price screaming to you: "Trade me, enter the trade" hope that help
CG
Keep It Simple
- Post #11,554
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- Oct 19, 2017 2:32am Oct 19, 2017 2:32am
UJ +3.8 pips 
I kind of entered a bit early for this particular trade. Phew...I'm glad it ended hitting my TP. Got to be careful and be more patient from now on!
I kind of entered a bit early for this particular trade. Phew...I'm glad it ended hitting my TP. Got to be careful and be more patient from now on!
~I'll take 5 pips or whatever I can~
- Post #11,556
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- Edited 3:48pm Oct 19, 2017 4:22am | Edited 3:48pm
Best to be careful with USDJPY today, check the H4 chart it has hit RWH that has been used as resistance recently for last few weeks. Could see a big pullback or maybe even a breakout
As if by magic!
UJ + 30 ish
Bearish trend confirmed after consecutive lower highs and lower lows. Entered after bounce off 25 WGT.
Got a bit greedy and entered again after two high volume bearish candles but realised it was a greedy mistake so exited for +1 or 2 pips on that one.
Closed first entry after had a small consolidation above RDL
Got a feeling we will be ranging between RDL and and 113.000 today until someone takes charge
- Post #11,558
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- Oct 19, 2017 4:30am Oct 19, 2017 4:30am
USDJPY +8
Got a small piece of that big drop. Price was going down like a stone, I entered after it completely ignored the big volume on 112.8 and went thru. Aimet to .700/PP
Got a small piece of that big drop. Price was going down like a stone, I entered after it completely ignored the big volume on 112.8 and went thru. Aimet to .700/PP
- Post #11,560
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- Oct 19, 2017 7:00am Oct 19, 2017 7:00am
USDJPY +7
After the long downtrend, price stalls a bit and fails to break .700 upwards. Then it bounces to .600 but immediately starts going down again with big volume. 7 very quick pips.
After the long downtrend, price stalls a bit and fails to break .700 upwards. Then it bounces to .600 but immediately starts going down again with big volume. 7 very quick pips.