DislikedEUR JPY I'm placing live trade at London Open, with sell order using H4 set up. Price broke 100ema on H4 and testing the level. Price is making lower high and broken several supports pas week. Since price is consolidating, I waiting for rejection at Resistant Level. Placed Sell Limit at Resistant Zone. Small lot for Sell Limit with minimum risk of 15.5 pips SL. Since it's in a huge state of consolidation. This means we are ready for a big trending move. In a situation like this I would not only wait for the hourly candle get rejected, and going...Ignored
Hi again Sang.Real.
I don't post much here. Posting doesn't make me any money.
But when I see someone who is struggling/newbie, I will sometimes make the effort to assist them.
You asked for assistance, and a few members have given their assistance.....and only a short time ago, I suggested that you avoid trading the EURJPY. I thought that my reasoning for doing that was evident in my post to you.
But now I see you have ignored that advice and have traded it anyway(after thanking me for the advice).
On top of that, you used a SELL LIMIT order.....which CLEARLY the method/strategy.....doesn't use?????
I'm obviously not sure what you are wanting here. The method/strategy is very simple. If you cannot understand what TREND is......I STRONGLY suggest that you IMMEDIATELY stop trading....AND take some time to learn what that is.
Otherwise, your foray into trading will be a dismal one.....without reward.....and only regret.
I wish you well Sir.
Kind regards
Michael
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