Spongebob's VS GBP/JPY Journal

TP and stay sideline for a while.

A while means 3~5 hours.

hehehe...new arrow and new setup...good luck..

good luck...

The BB band is contracting, so, no a good time to invest. Can stay sideline for about 24 hours.

cowboy,

what system u using ? Elliot Wave ?

Yes, It's only system i can trust (condition apply, *count should be correct)

No specific system, just draw down the chart from W, D to H4.

hi cscheat

this is what i meant by price sometime like to "play around" before it hit ur TP

Chart below we have sell at 150.090 then yellow arrow/1st arrow came out somewhere 140.594..so TP will be 140.090 but that candle closed or lowest is 140.110 then price kinda play around...but after 5 candlestick it finally hit TP..

bro another example..as u can see below...buy at 140.260, arrow out somewhere 149.74..so i will put TP at 150.260..(while locked my SL at 143.260) but as u can see it took like 12 candlesticks to complete the TP..

so u can either wait or just close it immediately.

interesting !

anyway, GJ seems exhausted now after so many hours of climbing...

Possible change in direction.

don't think so... in my opinion, will continue the BUY trend

just wait and see...

This round should go below 126.74

TP and change over to long.

BORING !!!

now in profit 100++ pips

still holding

Long was trigged close at BE+10 level.

Moved SL to BE (+10)

Forex market will not be aggressive as before any more. For those who earn a living on forex has to think of others alternative.
Strategy has to change to long term and economy potential of a country.