{quote} As long as there is no 4h candle close above 134.70, My TP area’s for my shorts are: 133.70 132.70 130.90
Good call on the longs
Trade what you see, not what you think.
- #2,821
- Jul 7, 2020 9:06am Jul 7, 2020 9:06am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Good call on the longs
- #2,822
- Jul 7, 2020 9:31am Jul 7, 2020 9:31am
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
{quote} And this may help H&S pattern on daily to continue and then fall of neckline will bring a lot of pips in the weeks to comeTW PS: It can protrude to 137.5xx -138.2xx level then may nosedive for taking out neckline. I might be wrong and will decide based on price action there. {image}
with SL at BE, closed half position.
Cheers
TW
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- #2,825
- Jul 7, 2020 3:33pm Jul 7, 2020 3:33pm
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
47 minutes remain to day candle closure , and gbp jpy may fail to close above 135, the big psychological level, which will be a sell signal
action at each level. We might be seeing new highs tomorrow. I might be wrong as no one can be perfect but you have to calculate the odds against you not just the one odd and jump on to a trade. You might have worked out the way to come to this conclusion but unfortunately I was not able to see that there in the lines.
Goodluck and Trade Safe.
Wish you green pips in the days to come.
Cheers
TW
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- #2,827
- Edited 4:13pm Jul 7, 2020 3:58pm | Edited 4:13pm
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
It looks like Asia is bringing price to the former resistance. If it holds a new support is born$$$ !!!!
I am seeing another push of almost 50-100 pips on this beast. Closed my earlier long position which was remaining from the earlier trade setup. More green pips waiting for us tomorrow.Let's see how it rolls out.
Just an update. Bearish pin bar on H4 can be invalidated by bullish pin bar on H1. Asian Session price action today is the key to tame this one.
I am not a Guru
Therefore, I might be wrong.TW
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{quote} I am watching out for price action here at the current level. I might get back on the boat again for another possible push up
I'm not a fundamental trader but just look at the news . Nothing about COVID 19, at least here in the USA.
With no bad news the indexes have room to go higher so people are again borrowing GBP.
But as soon as the next scare comes this thing will fall like a ton of bricks
- #2,829
- Jul 7, 2020 4:19pm Jul 7, 2020 4:19pm
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
{quote} I believe long is the way to go for now. I'm not a fundamental trader but just look at the news . Nothing about COVID 19, at least here in the USA. With no bad news the indexes have room to go higher so people are again borrowing GBP. But as soon as the next scare comes this thing will fall like a ton of bricks
Will share more information once I see some meaningful price action for sellers. For now this is going all the way to the UP side.
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- #2,830
- Edited 4:37pm Jul 7, 2020 4:22pm | Edited 4:37pm
- | Joined Jun 2020 | Status: Trader | 22 Posts
{quote} That is what I think too. I will be loading up shorts near 1.27 based on the PA on GU and 136 on GJ. These two beasts are my tamed ones
This pair just like the NASDAQ ( which I trade the most) is very risk averse.
- #2,832
- Jul 8, 2020 3:11am Jul 8, 2020 3:11am
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
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- #2,833
- Jul 8, 2020 3:21am Jul 8, 2020 3:21am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
The current price level at GJ is a good zone to start long positions. Trade Safe TW
Trade what you see, not what you think.
- #2,834
- Jul 8, 2020 3:37am Jul 8, 2020 3:37am
- Joined Aug 2017 | Status: Trader | 3,298 Posts
Its all just one persons opinion
- #2,836
- Jul 8, 2020 3:54am Jul 8, 2020 3:54am
- Joined Aug 2017 | Status: Trader | 3,298 Posts
Suddenly feel this pair currency like killing me slowly .
Its all just one persons opinion
- #2,838
- Jul 8, 2020 4:15am Jul 8, 2020 4:15am
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
{quote} And this may help H&S pattern on daily to continue and then fall of neckline will bring a lot of pips in the weeks to come
consolidation between these trendlines before a possible pop up
TW
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- #2,839
- Jul 8, 2020 4:29am Jul 8, 2020 4:29am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
- #2,840
- Jul 8, 2020 4:35am Jul 8, 2020 4:35am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
{quote} I'm waiting for a dip to take all the stops and my long
Trade what you see, not what you think.