Just looking at this EURJPY possible HRLY setup, we can see the first AB move of 200 pips this morning and now we've got the inevitable profit taking going on, but where's it going this afternoon????
Simple AB = CD scenario would suggest there maybe another 200 pips going begging this afternoon if it turns back up..
Of course we don't know that but heres the beauty of this little system, wait for the 120HMA on our 1 minute to turn up and give it a go.. Take first 2 CCI signals and hold on the HRLY 120HMA and Orphan hug the rest. Don't forget to go to BE very quickly to get your risk off the table within 5 minutes.
Small risk for a potential high reward trade if our HRLY ABCD plays out...
I'll be giving it a go if it turns up, lets see how it goes???
Simple AB = CD scenario would suggest there maybe another 200 pips going begging this afternoon if it turns back up..
Of course we don't know that but heres the beauty of this little system, wait for the 120HMA on our 1 minute to turn up and give it a go.. Take first 2 CCI signals and hold on the HRLY 120HMA and Orphan hug the rest. Don't forget to go to BE very quickly to get your risk off the table within 5 minutes.
Small risk for a potential high reward trade if our HRLY ABCD plays out...
I'll be giving it a go if it turns up, lets see how it goes???
Feel the Fear and do it anyway!!!