Any take/analysis on EUR/JPY H1 TF??
Very much appreciated...
Thx
Sonic
Ignored
Hi there, the way I see EJ is this, triangle, once this triangle breaks, I'll look for some pa to take a trade, pref for the bottom to break then retest resistance. At the moment, I can't find any good setups for my style, it's a bit of a mess.
Here is what I'm watching with my last position on eaud, this orange line, we need to keep closing below it, if we break above it, then test it and move up, trade is bust.
here is ej, Buy stop at 150.85 stoploss at 147.19 target open for now, will watch what price does as it reaches my yellow lines, will make decisions like moving stops up etc. Huge stop, so small lots, mm etc must be in check on these huge stop trades.
got stopped out on ej, closed small part of position, rest got hit at b/e, missed the run up, oh well.
Eaud, almost got stopped out, but not quite, so closing last position now for 300+ pips as the weekend is here.
See you all next week.
Ignored
Thanks for posting your trades
With your EURAUD if break even was 7635, and you locked in 40 pips how did you not get stopped out as price moved 3 -5 pips past your stop loss according to Interbank FX and Oanda.
With your EURAUD if break even was 7635, and you locked in 40 pips how did you not get stopped out as price moved 3 -5 pips past your stop loss according to Interbank FX and Oanda.
Nice that you got 300 pips anyway, well done.
Ignored
thanks for stopping by fxproc,
sorry about that eaud trade, I didn't update what I did as it was happening, I'll try not to do that in the future, I take more trades then I post here and get lost from time to time whether I update here or not, or which trades I took that are not posted here, this journal is a bit disorganised like that, but the main purpose of the journal is to give a basic Idea of how one can trade these setups, I have a habit of moving stops just a little when I'm about to get stopped out on 2nd position when I'm up, I'll try to update here when I do this, but I can't guarantee I'll do that, as obviously this is not a signal service, I'm just trying to show how I trade these setups, as you see with ej I got stopped out, then it just shot up, real bummer, wish I had gave that more room, it's trade off whether to move stops or not, cause often times, moving stops just gives more loss, or lower gains, like with eaud, by moving stops, I risked more of my gain, but it paid off, with ej, I got zero gain, but if I had left trade alone, I would be one happy man now, so that is the hard part, does one stick with the plan, or adjust stops to try catch the big move. Still had a great week either way, but this is the subject in my trading that I use alot of discretion with, most times I make the right decision, but always trying to improve.
i will not play this daily pinbar, but if yellow line breaks, i will watch for 1hr pins etc to get long off that yellow line.
There is some resistance right above if the pin breaks, that is the reason I skip this pin, altho most likely playing the pin will workout.
Ignored
this is the one hour of the kiwi daily pinbar i talked about, I missed this entry damn it, but here is how one can play them when you are not sure about taking pinbar into resistance, you wait for break then retrace to area of break of pin, in this case, I would try to enter where my red arrow is, you can lower your stop doing this, and possibly catch a big run, as I said I missed this but wanted to show how this can be done, practise these, they often workout, not always, but definately you come out on top over a period of months doing them. If I was there when this happened, I'm not saying I would have def played blind touch, or waited for pa, often times I take blind touch tho, but that depends on how price is moving at the time, its something everyone interested should practise on demo, try taking it with lower timeframe pa and try taking a touch of the area for a tiny stop.
sorry about that eaud trade, I didn't update what I did as it was happening, I'll try not to do that in the future, I take more trades then I post here and get lost from time to time whether I update here or not, or which trades I took that are not posted here, this journal is a bit disorganised like that, but the main purpose of the journal is to give a basic Idea of how one can trade these setups, I have a habit of moving stops just a little when I'm about to get stopped out on 2nd position when I'm up, I'll try to update here when I do this, but I can't guarantee I'll do that, as obviously this is not a signal service, I'm just trying to show how I trade these setups, as you see with ej I got stopped out, then it just shot up, real bummer, wish I had gave that more room, it's trade off whether to move stops or not, cause often times, moving stops just gives more loss, or lower gains, like with eaud, by moving stops, I risked more of my gain, but it paid off, with ej, I got zero gain, but if I had left trade alone, I would be one happy man now, so that is the hard part, does one stick with the plan, or adjust stops to try catch the big move. Still had a great week either way, but this is the subject in my trading that I use alot of discretion with, most times I make the right decision, but always trying to improve.
In actual reality I don't really care if people believe the trades or not, or believe j16 stuff works, but if you think the c2 thing would help you or others then I'll do it, I'll post a link when I have it running, thanks for the idea fxproc.
