Is any one in USDJPY Short?
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DislikedHi Sho
anything wrong with short at the arrow which did not work out?
Thanks.Ignored
DislikedThanks sutts yes it makes seens but it is mutch to consider and mutch to learn and things that is true sometimes nullifies other times because of other things to consider. I have a hard time with this because im stupid my work makes me stupid so .
Good thing You and sho and the other helpfull traders are here. It is mutch to learn but i believein this method.
best regardsIgnored
DislikedOn the same GJ setup, I have added a blue dotted line to show the level of support which became resistance, off which the huge bullish bar rejected.
After I entered short, it seemed that the setup was valid as the next bar, which is an IB, too rejected the level.
Another setup occurred right after that.
It is the A+ setup which Sho mentioned, unless I am wrong again.
It is indicated by the pinbar marked by the green arrow, which rejected the middle line of the channel and went short. This setup was of course invalidated by the next bar which...Ignored
DislikedSho:
Because of my time zone (PST) and full time day job, I don't get enough screen time while market is active (other than asian session). So, I think I should concentrate mainly on daily time frame. I know in the past, you have given few examples of daily chart. I will appreciate, if you please give few more trade example for the daily time frame with explanation.
Thanks in advance...
FX_CaliforniaIgnored
DislikedHi FxCalifornia
In fact I have the similar situation as yours. Hope to see more Daily trades from this thread.
Hi Sho
I am re-thinking of trading M15 due to the popularity in this thread thou the timing is not that favoring me.
For M15, pls. advise the risk:reward and SL:TP for each entry.
Thank you for your time.Ignored
Dislikedhi pj
normaly target is double the size of stop loss or more than that.
maximum stop loss is about 15(its not hard rule)Ignored