High Probabilty Trading

Another SL on GBP/JPY -20pips today.

I shouldnt reopen GBP/JPY that fast. It should be reopen from m1.

But anyway if i get sell signal on 5min i can still get shorts there.

10:52 GBP/JPY close to reopen.

10:58 1 low risk position on GBP/JPY opened with SL 128.148

SL moved to 127.940

SL on AUD/USD moved to 1.07740 below open.

12:37 GBP/JPY SL moved 127.740

13:15 SL AUD/USD 0pips

14:00 GBP/JPY on SL +26pips.

19:00 End for today. No potentail setups. I will post some analysis tomorrow early morning.

4 transactions.
2x -10pips SL on GBP/JPY
1x AUD/USD 0 pips.
1x +26pips GBP/JPY

So very little gain.

1 GBP/JPY position was too fast reopened.

AUD/USD

http://1.bp.blogspot.com/-O45quhoxXl...w/s400/aud.JPG

AUD/USD is now in wave 5 of up trend. 2 blue zones are potential reversal zones from Fibo projections of wave 1, wave 3, wave 1-3, and revers projection of wave 4.

EUR/USD

http://3.bp.blogspot.com/-PmibohGPcX...400/eurusd.JPG

EUR/USD is also in wave 5 of up trend. Potential reversal zones are marked blue. Also by Fibo levels grouping. 3rd level is 100% of wave 1 and wave 3.

GBP/JPY

http://1.bp.blogspot.com/-ZfhnpOH4s0...400/gbpjpy.JPG

I think its still in wave B and before any bigger move up it should go down. But its possible that yesterday move down was wave C and there is non regular ABC correction.

11:40 GBP/JPY sell signal on H1. Now im waiting for sell signal on 5min TF.

i am waiting too

There was no valid sell signal on GBP/JPY yet. Im still waiting.

i am out due to computer problem

I'm still looking on this GBP/JPY - it can be wave B still. No other pairs today.I will post some analysis morning. Or i will tell when i will open GBP/JPY position.

01.03.2012
Situation

AUD/USD is on B wave of ABC correction. No position on this wave. Bottom of wave C will be good point to open long.

GBP/JPY - i dont see clear situation. It is or in B wave or it can even be in wave 1 of new move up. I will wait for more clear situation.

EUR/USD - double top - now move down. But i think its just correction and we will see 1 more up wave.

GBP/USD:

http://3.bp.blogspot.com/-cBVfrGWdz1...400/GBPUSD.JPG

GBP/USD is in correction wave 4. It should stop somewhere in blue zone which is between 50 and 61,8% of wave 3 and 100pips from top - just like correction wave 2.




USD/CAD:

http://4.bp.blogspot.com/--oUOhSZDz_...400/usdcad.JPG

Strong 3 waves move down. Now its in wave 4. If it come to S/R level marked black line, and close to 50% of wave 3 and give signal of course I will open posistion there,

13:35 There can be trade on AUD/USD. It can be end of wave B. And short for wave C. Anyway long risk trade because potentail reward is not so big.

http://1.bp.blogspot.com/-IQ8Z3YO0XT...Y/s400/aud.JPG

Possible enter on DT sell signal (and its close to buy signal now - so move up is needed)