I trade indices...mostly...before that I always traded Yen pairs especially GJ.
Anyways have been dipping back into the Yen pairs when opportunity is there and I see it.
So heres a few trades...yesterday netted over 400pips...GJ was a trade I held to the BRN 162
but look at my charts...see the 3 levels of rise ..3 levels of fall...3 days 3 levels 3 15M pushes...
As I and Moodybot have said pay attention to the 3s...Its part of the market mechanics.
Where was this trade taken from well a rejection of the 165 level...I sold on the intial formation
of a PFH but that pattern developed all the way into London and London was the better setup. But I
fortunate and wasnt stopped out.
UJ trades....again of the initial PFH in Asia after 3 levels of rise...see a pattern ? 3 levels of 25 pips whereas
GJ was 3 levels of 100 pips..therefore I aim for more with the GJ.
UJ targets.....daily opens..the 4th I manually closed the trade at the open price as price stalled too long for my liking...My initial target was the prev day high
which was hit but not until the 5th and I dont like holding trades outside of the trading day.... the 5ths target was the daily open..and expected dollar value of my trades I use....
UJ 4th trade was nice TL break...I dont trade TL breaks that often..But I was there saw it and it was textbook perfect...With a break and retest..or a HOOK as I like to see.
Anyways...No Moving averages...No volume strictly highs lows levels and time used...although I do use moving averages with my indice methods.
Hope this helps some by seeing how the market behaves around DOL BRNS 25s 50s 75s 00s etc... all part of traders toolbox.
Cheers
Blue
Anyways have been dipping back into the Yen pairs when opportunity is there and I see it.
So heres a few trades...yesterday netted over 400pips...GJ was a trade I held to the BRN 162
but look at my charts...see the 3 levels of rise ..3 levels of fall...3 days 3 levels 3 15M pushes...
As I and Moodybot have said pay attention to the 3s...Its part of the market mechanics.
Where was this trade taken from well a rejection of the 165 level...I sold on the intial formation
of a PFH but that pattern developed all the way into London and London was the better setup. But I
fortunate and wasnt stopped out.
UJ trades....again of the initial PFH in Asia after 3 levels of rise...see a pattern ? 3 levels of 25 pips whereas
GJ was 3 levels of 100 pips..therefore I aim for more with the GJ.
UJ targets.....daily opens..the 4th I manually closed the trade at the open price as price stalled too long for my liking...My initial target was the prev day high
which was hit but not until the 5th and I dont like holding trades outside of the trading day.... the 5ths target was the daily open..and expected dollar value of my trades I use....
UJ 4th trade was nice TL break...I dont trade TL breaks that often..But I was there saw it and it was textbook perfect...With a break and retest..or a HOOK as I like to see.
Anyways...No Moving averages...No volume strictly highs lows levels and time used...although I do use moving averages with my indice methods.
Hope this helps some by seeing how the market behaves around DOL BRNS 25s 50s 75s 00s etc... all part of traders toolbox.
Cheers
Blue
The Best Loser Wins
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