USD/JPY Discussion

The USDJPY price action on the daily time frame is sideways at the 156.780 horizontal resistance. Recent technical prints favour a southward price action to retest an intra-day area of value before any further northward drive.

I may be wrong. Trade safe and prosper.

KP

Do not let this end in tears
Just remember
Luke Littler
Won a Million
because its in
HIS BANK ACCOUNT NOW

How do you know when to exit your trades? Or where to set your profit target? For me it's doing my head in, I am getting great entries but I regularly fail to exit till after the reversal and exit at break even. A trailing stop loss has been tested but that just results in getting hit by normal noise/movement.

Any advice would be greatly appreciated.

I learned "Better to be mad with a profit than mad with a loss".

Mate, it sounds like you are afraid of missing out. Learn to take a handful of pips rather than going for big pips.

Do you have an exit playbook?

Cheers!

Targets hit

Looks like a support

I just now am seeing this. I've been traveling. a few days after i decided to ditch fib circles. I came to a similar understanding. I agree with your harmony statement. It just wasn't consistent. I like how you graphed your charts. It's clever thinking to have different templates to get different angles. May I ask what is the tool you uses to get the horizontal lines ma? Do you just have multiple ma with an offset? Also, I noticed you graph you're gann fann differently than mine. I don't quite understand the reason of the starting position. I'd trade mine on swing lows/high. With the bar lock ratio to 0.01 on the 1 hour making my 1/1 45° angle. I'm asking because I want to reach the same understanding as you. Just from what I've read/seen your thinking is what I've been striving to get to.

Thank you Thao! I've been on a mad mathematician phase recently. I did abandon the fib circles. Decided to simply my charts. Your charts look cool but it's over my head a bit. I can recognize a super trend and maybe order blocks, Parabolic Sar, and some gann fans. The rest goes beyond me lol.

Good Morning Ma'am ,
Hope you are well and doing great .

I have a question, I have seen your charts so many times but damn I could findout what you want to tell in your charts?
Means are those lines represnting trendlines or something ?
So, whenever you feel free , please help me in understanding in your way
Thank you so much .