Giving another try. On slightly bigger TF, aiming for around wave 2 area. Expecting intermediary support on triangle lower line. {image}
ma ma make me happy
- #86,863
- Jun 20, 2023 3:09am Jun 20, 2023 3:09am
This Could Be A High Probability Setup
Short is on USDJPY With Initial Targets 141.300
Extension go down further Big Time
I had Shorts On before But I mistakenly Set the Helper EA to wrong TP levels
It closed the Orders Obviously
I Am In Again
Lets See HW THIS DEVELOPS
Short is on USDJPY With Initial Targets 141.300
Extension go down further Big Time
I had Shorts On before But I mistakenly Set the Helper EA to wrong TP levels
It closed the Orders Obviously
I Am In Again
Lets See HW THIS DEVELOPS
HBS - Hussain Bin Salman
{quote} Never give up, buddy. What you're going through happens to literally everyone in this business. I hope you cashed out your 100% profit. Like others have mentioned, focusing more on technicals might help. Or switch to another pair. Personally I don't trade UJ much anymore. I like to keep things simple - just EU and SPX500 for me, (and occasionally GU). Don't beat yourself up for not being perfect. This business will kick the living shit out of you if you let it. Gather yourself and re-focus. You can do it!
,To me..
UJ is d most predictable Pair...
Never made money in Forex till I started trading NAS100 and USDJPY.
Currently, I am trading only USDJPY cos it's d most stable of d duo.
- #86,870
- Jun 21, 2023 12:38pm Jun 21, 2023 12:38pm
OK This is USDJPY Short Term Trade I couldnt post before was very busy with Other Trades
Anyway here is the outlook
Target Is Currently 141.432 Lets See this one
This is USDJPY Medium Term Trade with Target Currently at 141.400
I run two Plans and They are my Own Made
One Medium Term And Other Short Term
More about it is in my own thread
Anyway here is the outlook
Target Is Currently 141.432 Lets See this one
This is USDJPY Medium Term Trade with Target Currently at 141.400
I run two Plans and They are my Own Made
One Medium Term And Other Short Term
More about it is in my own thread
HBS - Hussain Bin Salman
- #86,871
- Jun 21, 2023 3:03pm Jun 21, 2023 3:03pm
- Joined Jan 2019 | Status: Trader | 2,656 Posts
Don't compare your trades to others. Most often the masses are the asses
- #86,872
- Jun 21, 2023 3:19pm Jun 21, 2023 3:19pm
- Joined Jan 2019 | Status: Trader | 2,656 Posts
{quote} still loyal to the plan {image}
Waves 2 and 4 are COUNTER TREND waves. In order for them to have taken place price has to LEAVE the trend. So.. Put a trendline on the move, and wait for it to be broken. No break. No wave 2 or 4. IMO. This is what I see.
Also.. if wave 2 is flat.. Wave 4 is volatile, and vice versa.
Don't compare your trades to others. Most often the masses are the asses
- #86,873
- Jun 21, 2023 6:01pm Jun 21, 2023 6:01pm
{quote} Your count may be off. Waves 2 and 4 are COUNTER TREND waves. In order for them to have taken place price has to LEAVE the trend. So.. Put a trendline on the move, and wait for it to be broken. No break. No wave 2 or 4. IMO. This is what I see. {image} Also.. if wave 2 is flat.. Wave 4 is volatile, and vice versa.
I don't follow it religiously, just using it for tracking and exiting trades.I think my count is not bad, I have followed alternation rules for both impulse and corrections, and 4 actually falls out.
1 & 3 = simple, 5 = complex
2 = simple, 4 = complex
ma ma make me happy
- #86,874
- Jun 21, 2023 6:16pm Jun 21, 2023 6:16pm
- Joined Jan 2019 | Status: Trader | 2,656 Posts
{quote} I know EW in and out
No offense meant.
Don't compare your trades to others. Most often the masses are the asses
- #86,876
- Jun 22, 2023 7:19am Jun 22, 2023 7:19am
{quote} I took 141.560 as TP. Going into Asian Market with it from the looks of it, and finishing during London session. NAS100 is also in the same pattern IMO. 148708 first target there, with room. I think we are bearish into the news in the morning. (Thurs EST) Friday the latest.
I Have Short Term Running Still Target Stays 141.367 And Maybe More
HBS - Hussain Bin Salman
- #86,877
- Jun 22, 2023 2:38pm Jun 22, 2023 2:38pm
- Joined Jan 2019 | Status: Trader | 2,656 Posts
Don't compare your trades to others. Most often the masses are the asses
{quote} Never give up, buddy. What you're going through happens to literally everyone in this business. I hope you cashed out your 100% profit. Like others have mentioned, focusing more on technicals might help. Or switch to another pair. Personally I don't trade UJ much anymore. I like to keep things simple - just EU and SPX500 for me, (and occasionally GU). Don't beat yourself up for not being perfect. This business will kick the living shit out of you if you let it. Gather yourself and re-focus. You can do it!
I'm back to monitoring pairs I'm more familiar with and taking a closer look at my strategy as a whole. As long as I learn from these losses, I won't ever regret facing this uphill climb.
Trying my best.
- #86,879
- Jun 23, 2023 3:40pm Jun 23, 2023 3:40pm
{quote}
I'll definitely look at this pair again, but for the time being I'm set with the few pairs that I'm trading.
