Trading is as simple as ABCD

JPY strength across the board but I'm not confident about these anti daily trend JPY moves. I'm always thinking the BOJ is sitting there waiting for a nice cheap price to get aback in and if he is then somewhere around here is as good as anywhere....

had another go but straight to BE for all the above reasons and stopped out at BE again...



Its so hard to trade against the biggest trader in the world especially when you're probably the smallest trader in the world...?????

This JPY strength just feels fake and like they're just biding their time to drive it back up. have a look t this hrly chart shows a strong pick up from NFP reaction on friday and we're getting ever closer..

All this talk of BOJ coming back so convinced myself to keep an eye out for a buying opportunity and this break and retest of the 100lwma just looked too good to turn away, in and at BE withing the same candle, now thats what I call an entry....

Faltering at S1 so took off half 14.8 pips will let the first half run for a bit as its such an early entry in the possible return back to daily trend...

Knocked off at BE on first half then gave 3 back at full size trying to rejoin the trend, but looking at EURJPY maybe the BOJ's not around after all, gotta be careful thinking you know whats going on. Just trade what you see, but man, thats hard....

Ok lets give it another go , should of been on this about an hour ago but maybe this time...

Trailed my stop there and locked in 5 pips just in case it didn't go so 5 pips there and that was a very positve reaction there too so maybe this is where it all turns round for the day???

just in case it is the bounce of the day....I'm trading against the TTindy top trender 1 min and 5 min but its gone 117 pips already today so could just as easily turn around here, got 2 chances I guess...

I'm just convinced these JPY pairs have gotta start back up sometime so lets have a go at this GBPJPY got a level at 188.85 to break but then????

Just took 12 out of that move keeps faltering at 188.85 so banked... Looks like it might be an Orphan hugging day today...

Will it or won't it break through???

BRN 189.00 so another little "Hugger" there for 10....GBPJPY Top trender now on TTindy so happy to keep going here...

We're through and now I have a very nice BE stop just below the BRN very nicely protected for the retest...

Unfortunately that last retest was a bit deeper than I expected so knocked off at BE again but managed to get another entry lets see if this holds?? Or should I just hug another orphan???

Grabbed another 15 there to make my half century for the morning so slowly slowly today...Orphan by orphan....

You know what??? I'm starting to realise its not really about exits is it??? Been stressing myself out about exits. End of the day as long as you take a profit its fine.. No the most important thing is to identify those places on the chart where you can enter with minimium risk and get that risk off the table asap... Once you've done that it can do whatever it wants to do...

then its just a simple decision of how much do you want????

Really good entry ... but again same question.... I dont'have any pivot as you at 189.09.... with all kind of indi i've tried... my nearest one is 188.76 daily pivot and 190.27 r1... How is possibile?
Regards

One of the things thats helping me enormously is identifying these safer places to enter. Like this GBPJPY its beating its head up against the last high and coming back so wait for it to come back to a nice support like this BRN and get closer to its lwma those entries seem to go a lot better...

Be careful entering too near to its last high or low, only way to enter now would be by breakout of its last high, but I'm not too good or fond of breakouts as regular readers will know..the other problem is that green line Fridays close price, always a strong level to break...just like life look whats in front of you before charging in like a bull in a china shop...

So it was GBP pairs this morning...









One day I'll start trusting my little TTindy....

Its daily S1 but its working on London end of day candle so might be why You're not getting it if you're working New York daily candle times about 5 hrs later I believe...

Heres what I use see if it matches up if not use Mr V's one where you can specify daily end times...