Supernova GBP/JPY Mini Trend Catcher

after the break il draw a new fibo for the target

but even without that, just trailing with ha is good

the last post is assuming price breaks down

if it breaks up, i have a diferent break

see the pic below

if price breaks up i wont go long unless the top of the fib is broke
im ignoring the gann line

also i extended my fib 2x to get a target

youl see that instead of drawing my fib from the high
i extended it 2x

this is the same as a fib extention with 2 targets

after zooming out i see that if breaks breaks down, theres not enough to trade

it just isnt worth it

were at the lower end of the range

il look for a long unless we break the major support

heres a chart zoomed out
it shows the range were in and why iml pass on the short

sure there might be a good trade in that short
but i dont take them kinda trades

until we break this range, im buying low n selling high

after the range is broken, thats a dif story

if my buy is low, then a breakout on the bottom means small loss, vice versa on the other

that means good rr on the trade (risk reward)

i decided to go ahead n take the trade, i dont expect but 50-70 pips from this one

im keeping my stop tight

that isnt the best trade, but id like to go through a trade live, win or lose

and that trade presented the oportunity

we just got a new bar on m15, i adjusted my stop to previose candle

notice how i added for the spread

though u dont see s&r on my charts, i do have it on my other puter

were below the pivot and r1 is on my target list

i got stopped out on that 1, but its ok, iv won more then iv lost today

i wont take another short unless we break out the bottom

il be waiting now for a long signal

hopefully it happens before i pass out

so far my desk is crammed

iv drank over 12

just a little input here

were in a range, any trade now thats snort will probly lose

were bouncing betwween the fibs and were at the bottom

look for longs

il post my next trade if im not to drunk

lets see what time it is

o0h its not even london yet, im not even supposed to be trading till bout a hr or 2 away

damnitr

oh this reminds me
POWER HOURS

they work lol

i had company today

and yes im bout wasted

thought id come in here n show u guys how to trade

ended up losing 200%

of my beer money

now my schedules all screwed

see what i get

damn


well theres still good news
wel still probly drop 70 pips for you ppl holding shorts
and its thursday which means a active day, and if i stay awake long enough il get a good trade

what this thread needs is some interactive traders

is anybody using this?

comon show us ur trade

Oh, man- last night my router went nuts and I didn't get it working untill this afternoon. My EA's (3 of them) got scalped! But not before I shorted the UJ for 50+ (supernova rules, of course!)

So now I see the 1.7 is here, so I'll install it and see you when you get up.

Cheers, Wolfer

were sitting just below the 50% fibo

if price breaks above, hweres a example of how i pull a fibo extention to get a target

im not making a trading call or anything like that, im just showing how i get my targets, it works

I don't normally trade before London open but I do have 1.7 running and it opened a sell on audnzd....currently +4.

huh a short on aud nzd, i just took a look, its in a channel and at the bottom

are you kamakazi orion?

every tf says up is the trend