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My special journal for GJ 4H

  • #101
  • Apr 19, 2018 7:41pm Apr 19, 2018 7:41pm
Quoting jacobokey12
{quote} Judging from this signal and from the current price, I think perhaps the signal was correct..probably the SL was too short/small. Right now pair is trending downward as mentioned above {image}

Good mornings friends,

I was sleeping when GJ fell 150 pips but there was no valid signal that appeared at 21:00 hence so I went to sleep.

Regarding the stop loss that is too small I can give an explanation that it is part of my strategy, it has been proven earlier that stop loss should be limited and the target should be as big as possible.

Happy trading
  • #102
  • Apr 19, 2018 7:46pm Apr 19, 2018 7:46pm
Quoting jmtini
Well it went the other way - not sure why the huge drop? I had a hedge trade which triggered so not too bad! {image}
The fall of GU was related to bad news before and I could not follow it because there was no signal before. May this fall continue so we can make a profit.

Happy trading
  • #103
  • Apr 19, 2018 7:53pm Apr 19, 2018 7:53pm
Quoting jacobokey12
I just sited a buy signal @ 151.31, SL 150.81.. Tp is open for now. Cm7 can help me confirm it {image}
Bro, it's not advisable to fight market trends, however I advise you to take profit at 152,150 and then focus on selling after a valid signal. Many green pips to you
  • #104
  • Apr 19, 2018 10:38pm Apr 19, 2018 10:38pm
12:38 Jakarta time

Frankfurt is about to open
  • #105
  • Apr 19, 2018 10:43pm Apr 19, 2018 10:43pm
If the last candle is closed at around 151.500 then I will immediately sell GJ with a small stop loss of course.
  • #106
  • Apr 19, 2018 11:10pm Apr 19, 2018 11:10pm
Sell @ 151,361
Target @ 148,865
Stop loss @ 151,760
Volume $500

Happy trading
  • #107
  • Apr 19, 2018 11:26pm Apr 19, 2018 11:26pm
Quoting Cm7
Sell @ 151,361 Target @ 148,865 Stop loss @ 151,760 Volume $500 Happy trading
Why did not I use a limit order and immediately execute? (Eg from 151,550) and is not there a London open in front? Hehehe too confident of course
  • #108
  • Apr 20, 2018 12:29am Apr 20, 2018 12:29am
It could spiked up to 151,40 and then plunge down; or it could plunge down from here, 151,06.

I don't know which case would happen. I presume the best is to wait and then act when it moves; or better still is put a limit order for 151,40 and if it plunges from 151,06 jump on when it moves.
  • #109
  • Apr 20, 2018 12:42am Apr 20, 2018 12:42am
From the 4 hour chart I see that the next support horizontal line is 150,53; it may bounce up from this support and then plunge down. Maybe, I mustn't think too much and only act when it moves: when I think too much I confuse myself
  • #110
  • Apr 20, 2018 12:46am Apr 20, 2018 12:46am
Quoting LetsTrade
From the 4 hour chart I see that the next support horizontal line is 150,53; it may bounce up from this support and then plunge down. Maybe, I mustn't think too much and only act when it moves: when I think too much I confuse myself
Thanks for suggestions bro, by discussing each other like this then we will be more solid.
  • #111
  • Apr 20, 2018 12:51am Apr 20, 2018 12:51am
Quoting LetsTrade
From the 4 hour chart I see that the next support horizontal line is 150,53; it may bounce up from this support and then plunge down. Maybe, I mustn't think too much and only act when it moves: when I think too much I confuse myself
Yes, I also think so because there is Fib 61.8 and usually traders will take profit in that area.
  • #112
  • Apr 20, 2018 1:11am Apr 20, 2018 1:11am
I also see that horizontal support at 150,53 coincides with the daily pivot R1, which could make it a stronger support.

We have just had two consecutive days where the daily highest and lowest were 157pips and 187pips on last Wednesday and Thursday respectively. Maybe, from the fundamentals all the bad news has now been discounted into the present price.
  • #113
  • Apr 20, 2018 1:12am Apr 20, 2018 1:12am
The London army is preparing to descend the mountain and with a little trigger then GJ will plunge to 148,500 area. Hehe sorry that's what I want
  • #114
  • Apr 20, 2018 1:16am Apr 20, 2018 1:16am
Hi Cm

Nice signal this morning

However if anyone is still looking to get in then I would suggest waiting for a clear break of the 151.00 (BRN) resistance and sell on retest
  • #115
  • Apr 20, 2018 1:19am Apr 20, 2018 1:19am
Quoting jmtini
Hi Cm Nice signal this morning However if anyone is still looking to get in then I would suggest waiting for a clear break of the 151.00 (BRN) resistance and sell on retest
Thanks and I agree with you
  • #116
  • Apr 20, 2018 1:30am Apr 20, 2018 1:30am
Quoting LetsTrade
I also see that horizontal support at 150,53 coincides with the daily pivot R1, which could make it a stronger support. We have just had two consecutive days where the daily highest and lowest were 157pips and 187pips on last Wednesday and Thursday respectively. Maybe, from the fundamentals all the bad news has now been discounted into the present price.
Bro, your analysis is great, it is true that it is very hard for the market to change direction on the first day (April 17) because many traders think it is a profit-taking process and they expect the market to go back up but now we enter the 4th day. Please pay attention to the daily chart.
  • #117
  • Apr 20, 2018 1:44am Apr 20, 2018 1:44am
Thanks
  • #118
  • Apr 20, 2018 2:21am Apr 20, 2018 2:21am
Quoting Cm7
Sell @ 151,361 Target @ 148,865 Stop loss @ 151,760 Volume $500 Happy trading
My friends, I've seen the profit +36 pips but I did not take it and now the price back to its original position. Why did not I close it? because the rules I play are; 1. Prices are closed automatically if the target is reached, and 2. The position will be closed by itself when the candle changes. By following this rule I am very confident that our main target will be reached by the end of November 2018.

If you have not opened a position please entry from now.

Happy trading
  • #119
  • Apr 20, 2018 3:47am Apr 20, 2018 3:47am
[quote=Cm7;10983306]{quote} My friends, I've seen the profit +36 pips but I did not take it and now the price back to its original position. Why did not I close it? because the rules I play are; 1. Prices are closed automatically if the target is reached, and 2. The position will be closed by itself when the candle changes. By following this rule I am very confident that our main target will be reached by the end of November 2018. If you have not opened a position please entry from now. Happy trading[/quo

Hi Cm
This is a typical Friday situation! It's a turnaround again and I have opened a buy position at 151.53 with a target of 152.00 - SL 151.40

GBP is strong again (bright green) so it's a fairly good chance (I think!)
  • #120
  • Apr 20, 2018 5:26am Apr 20, 2018 5:26am
Quoting jmtini
Quoting Cm7
{quote} My friends, I've seen the profit +36 pips but I did not take it and now the price back to its original position. Why did not I close it? because the rules I play are; 1. Prices are closed automatically if the target is reached, and 2. The position will be closed by itself when the candle changes. By following this rule I am very confident that our main target will be reached by the end of November 2018. If you have not opened a position please entry from now. Happy trading[/quo Hi Cm This is a typical Friday situation!
...
Well that was a bit of a disaster! Looks like a ride down to 150.50 and below? (CAD is also very strong this afternoon)
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