EUR/JPY

nice rally, looking probably this Friday or after taking a short position again. At the moment it looks to test the 126.40 area again

what's the spread for EURJPY?

regards

Stop hit

Took a long.

Stop. Today is bad day for me

Keep your chin up, we all have had those bad days. Take a step back re-analyze and dial it in.

sort of a odd question to ask. It will very from Broker to Broker, and much less what type of Forex Account you have.

It's quiet easy to say wrong trade after price move. My mistake was not to stop the loss right above my entry. A wrong trade it's a loss but mostly a lesson.

Looks like it is going to test that 126.40 to 126.70 area again. I am guessing it won't hold up that high for very long. I will keep eyeing a possible entry point and hit up another short entry. May take this entry this early next week. Earlier this month it played around in the area and it rejected south. The only time before that was back in April of 2019. So it has been quite sometime price has held this high of a value. Interesting to see if buying will hold for a longer period of time from earlier this month. I am guessing it won't and will reverse again for possible a modest gain south.

Targets got hit

good job, always a nice feeling, good thing too, because it sure was not hanging around up there for very long

I never really know what the market is about to do next, but I risk a small amount to find out each time

Entered long again this morning.

my prediction for next week,
Entry at 126.078 ,second entry 126.770
SL at 127.462
TP at 123.864

probably short term buy long term sell. This seems to be a cup formation.

regards

48 pips at 126.4, 3.5H

regards

Well it has been a bit since my last post, but I only take one to two trades per month as it is. I was not at my computer when I took this Long Entry, but I took it on my cell phone. Based on my analysis I was entering long at 125.489, but do to my "luck" it slipped back and I entered in at 125.436

So my Entry Point is long at 125.436, but I base my parameters off of 125.489

SL set at 125.059

TP Breakdowns

Doubles @ 126.349
Trips @ 126.779
Quads @ 127.209
Grand Daddy @ 127.639

Actually my Doubles was hit earlier today, and closed out that trade for some early profit. Moved SL to +3 pips of BE and now is at 125.52

I have now entered what again I call the "No Loss Zone" no matter from this point on I will not be losing from my 3 open remaining positions.

We have been in this channel from some time and I think it maybe time for it to back out of it and head north, because my Quads and Grand Daddy targets are well above where price has been for over year and half.

Well it didn't quite go any further up. Did close out on the Doubles, and rest broke even. Now I am looking to possibly take another long. Maybe be later today or early tomorrow.

Beautiful divergence happening on the 15m for a sell. Waiting for confirmation. Will enter a pip below 124 with a super tight stop only 10 pips above. Love these !

And we are in! Will be moving stop to BE as soon as/if price chills a bit below the low of the lowdog.

going nicely, new divergence trade on 5min this time. selling. putting my BE stop on previous. Piling them up . This is a crucial support level though, tightning the Stops further. Will reenter after the pullback if new opportunity arises.