DislikedTaking some heat on the pound trade.
Still got potential to make the target. Although has me concerned since GBPJPY is not breaking down. EURJPY shaping up nicely.Ignored
--NM
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DislikedTaking some heat on the pound trade.
Still got potential to make the target. Although has me concerned since GBPJPY is not breaking down. EURJPY shaping up nicely.Ignored
Dislikedhey there NM,
saw that you guys had a busy night judging from the posts in this thread.
anyway, for the cad/jpy that i took...i only managed to squeeze 23 pips out of it coz the rsi was moving down. however, the trade became valid again later on and i took another entry and managed to make another 20 pips before i got spike out.
as for today, i have entered long on aus/cad and nzd/jpy.
i was also looking at the gbp/jpy but i took the nzd/jpy trade as it rebounces of the dynamic area first....
so i guess i won't be taking the...Ignored
Dislikedhi NM,
you are still awake...guess the price action is keeping you away from the comfort of your bed eh......
you said that you are waiting 4 the price to break tru the retracement line...after that, do you still intend to wait for a pullback and enter only when the price broke tru from the pullback line?
may i know which time frame are you using to draw your retracement line? it would be nice if yyou could post the chart of chf/jpy tat you are focusing on now which also shows the retracement TL tat you mentioned.
Thanks mate!
GpIgnored
DislikedHey NM,
Thanks mate. Trigger using 15 mins chart. Got it.
All the Best....am going for lunch now coz it is 12 noon at my place!
GpIgnored
Dislikedhave a look at the my USD chart.
Its interesting....with inverted head and shoulders which normally breaks and pushes higher. Looks like we are going to have another negative day on the US markets tomorrow.Ignored
Dislikedhello NM.
Yes i think you are on the money.
Just something to note. Doesnt mean this pattern will play out. But you do see these patterns play out on USD intraday alot.
So time will tel..Ignored
DislikedEven the pattern I had going on the CHFJPY is no longer vaild, so I think I am going to call it a night as the news has got the markets just at a standstill for now. You guys trade careful with news just a round the corner.
--NMIgnored
DislikedEven the pattern I had going on the CHFJPY is no longer vaild, so I think I am going to call it a night as the news has got the markets just at a standstill for now. You guys trade careful with news just a round the corner.
--NMIgnored
DislikedHi NM,
From what I see, almost all jpy crosses hit a resistance now on higher time-frames. At least for me taking any yen long trade on the H1 or lower is far too risky until we clear the resistance area. Attached is the chjpy H4 with the possible resistance area.
Best RegardsIgnored