GBPJPY
1. short @136.34 closed @136.27 (1.5)
Remaining trade unchanged
GBPJPY
1. short @136.34 sl @137.60 tp @133.90 (0.5)
Thank You
Better-than-the-wormhole 555 replies
DislikedClosed partial
GBPJPY
1. short @136.34 closed @136.27 (1.5)
Remaining trade unchanged
GBPJPY
1. short @136.34 sl @137.60 tp @133.90 (0.5)Ignored
DislikedReason for reducing risk is the previous close was a hammer. Might indicate price is probably going to retest the upper level one more time before falling. So, by clearing 3/4 of the position I might be able to get in again at a better price. The remaining 1/4 left on the table is for the "just in case" scenario whereby it was probably just a headfake & the thing fall straight down from here. Unlikely I know, but the rejection came during asia session, so their move are usually countered later in the day.
Let's see how it goes.Ignored
Dislikedhttp://www.forexfactory.com/showpost...stcount=241518
Let me get back to that terrific GY trade you pulled off ystd. I did not yet understand where and why you entered the short. Could you explain please. Thanks bro!Ignored
Dislikedokay
I placed the order when price touched the subutl (dotted declining trendline).
...
Hope that helps bro.Ignored
DislikedI have on my chart a rising wedge reaching almost the pinnacle, so I have decided to sell @5629.
This thing can still spike up to the secondary weekly resistance @5662 tho, so I have widen my stop by 120 pips from my entry just in case the pattern fails...
GBPUSD
1. short @5629 sl @5749 (0.5)Ignored
Dislikedokay
I placed the order when price touched the subutl (dotted declining trendline).
It wasn't a confirmed close price when I took it, it was still open, it was a 50-50 chance, but I was quite comfortable to take it as the same are was previous support. look to the left where previously there were the 3 declining tops, everytime price tested 137 level price bounced back strongly. Now right after the third declining top, price broke the support. So, just like any other timeframe you trade, once a support or resistance is broken, I'd say 90% the broken...Ignored
DislikedClosed partial
GBPJPY
1. short @136.34 closed @136.27 (1.5)
Remaining trade unchanged
GBPJPY
1. short @136.34 sl @137.60 tp @133.90 (0.5)Ignored
DislikedHey Wormie, is your TL indicator a proprietary one?
It's nice to see colours at these levels.
ta
amsIgnored
DislikedRemaining stop amended.
GBPJPY
1. short @136.34 sl @136.30 tp @133.90 (0.5)Ignored
DislikedI am just wondering why you are closing your position out?
Have you lost confidence in this target or is this your preference over using stop to lock in profit?Ignored
DislikedI have on my chart a rising wedge reaching almost the pinnacle, so I have decided to sell @5629.
This thing can still spike up to the secondary weekly resistance @5662 tho, so I have widen my stop by 120 pips from my entry just in case the pattern fails & things do not go as planned, I'll be able to reasses without having to worry too much of stop being to tight and having to make hasty decision. Hopefully I don't have to do that
GBPUSD
1. short @5629 sl @5749 (0.5)Ignored
Dislikedokay. spiked up as anticipated. Level held as hoped for.
The rising wedge, the rejections at W1 R2 @5662 (twice), producing one spinning top & one shooting star which is currently testing the ltl & the dp.
This is my top & I'm happy to sell from here unless the previously mentioned levels, pattern & candle formations gets invalidated.
Show me the money!Ignored
DislikedRemaining stop amended.
GBPJPY
1. short @136.34 sl @136.30 tp @133.90 (0.5)Ignored
DislikedRemaining stop amended.
GBPJPY
1. short @136.34 sl @136.20 tp @133.90 (0.5)Ignored