Edmund Trading Journal - GBPJPY

No volume no trade .

Open M1 chart , put in volume indicator and set level 122 , 158 & 420 .
M1 - 122 , 158
M5 - 420

If M1 reach volume 122/158 , we then can start in trade.

4:15 am now , still hold GBPJPY long from 160.264 +70 pips , hold to test final exit strategy , if success , mean - I know exactly when GBPJPY will be trending or when time to trade counter trend or reversal .

Prediction , GJ retrace 84 pips .
* just prediction , not a confirm one.
** if fail retrace will go to 161.57
** correct prediction , retrace 84 pips..wife help me long after retrace 84 pips ..bingo

direction up after retrace 84 pips , bingo

162.245 = 1/3 year length of GBPJPY.
* many retailer short from 162.00 , if price go up more will kill all retailer .
** price may break this level and go towards mid year level , so at same time kill major retailer
*** candlestick pattern that near this level normally will have higher working % .

Few member visit my trading journal ask for some indicator I been display , here , I CAN tell you that all those indicator set that I test and show here ALL not working perfect , ALL fail when price not trending included that indicator that I told can detect > 500 pips one .

The only working set is those that without any chart recently I post , post 80 - 85 .
This working set is so perfect !!!
1. know when trend change
2. know best entry [ lowest SL if I brave enough - <5 pips , sry that I am not brave enough ]
3. know when trend/wave 3 start.
4. know minimum target , 2n TP or even 3rd TP .
5. know when trend end
6. know when counter trend/retrace
7. know highest stop loss level , if hit mean trend reverse up/dn , dn/up
8. NOT yet know what the exact maximum take profit point -- will try test next week .


SO , this set is so perfect and I dont want to show here the chart , becuz I am a poor uncle , and until this weekend , I still trade $0.2 / pip and bal < $1500 .
It is not fair if I show it here , if I show up , some rish of you must use it grow $3000 to $30,000 in 1 month with ease !!!so unfair !!

and last , dont ask me indicator .what I can do is tell you some clue like
1. stop loss level
2. today possible direction
3. may be counter trend start.
4. may be time take profit etc .

So , 1000 sry guy .

SL : 161.03 , if price close below his level , trend up [ 29/2] may start down .

Put S$100 to trade explorer , I think max lot size will be 0.02 or $0.2/pip.Let see how fast can this 100 grow or MC.

1st support: 161.29
2nd support: 161.177

H4 reversal BAT pattern.
direction still as up as long as support not break

Do you mean support?

ya , support ..mistake sry

This morning wake up make mistake because my MT4 not load profile I use last week , so simply long from 161.567 , after 1 hours reload all correct MT4 profile then realize that I make mistake long too earlier , so I re long from 161.415 , luck now all go positive ..
** never start trade just after wake up .... .....
** H4 reversal BAT pattern. , care.
*** H4 BAT pattern can push down till 2nd support: 161.177 then bounce back to top , if go down then longer short wait...boring monday ..slow market ..I may change trade trending mood. - M1 alligator

H4

If H4 closing down , good bye bull.
* H4 bat pattern win
** 1st support: 161.29 , 2nd support: 161.177 , can the price break through ?? look at M1 alligator

Now , retrace of H4 confirm , down trending not yet till 160.558
* today i got difficulty predict GJ direction , may be because today is monday , so will note .
** so I stand aside untill I see M30 , H4 match my GBPJPY trading set.
** hate to know H4 retrace make me confuse , so no more use H4 , only M30 , M1.

Next no more refer H4 , make me confuse only , best use own strategy that short if close below 161.290 , my mistake..and missed a good trade make lead to > 100 pips if and if change to down trend.
* thx god , i found my mt4 profile back , cheers.

At last , I found my lost profile ,trading online short late 59 pips lolz .. ..

SL that reverse trend : 161.177 , 161.39 .
care and take own risk.
** 160.558 as told is the trigger long or short ? why ? look chart ,, load zigzag , if price return from 160.558 and go down , then BIG down trend start , now its NOT!!!
* profile back , pips back .
**M30 load 3 stochastic to 1 chart , 8/16/32 ,show main line only , u will see M30 oversold , but care , if 8,3,3 return down , will down another dump.
{ look how the 3 line react when side/trend , oversold/bought.
*** M30 , with 3 stochastic , ichimoku , already can make profit .

I do tell something that real , may be many of you not believe , but trust me , use more indicator , more worst .
more information collect more worst , just do the pure one , you will earn some $$$ but not fast rich method.

**M30 load 3 stochastic to 1 chart , 8/16/32 ,show main line only , u will see M30 oversold , but care , if 8,3,3 return down , will down another dump.
{ look how the 3 line react when side/trend , oversold/bought.
*** M30 , with 3 stochastic + ichimoku , already can make profit .

* I use M1 that too dangerous to play with

counter trend short from 162.057 , 1st test run .
* follow take own risk , just test run.
* because short from M1 , any time i will close this trade if feel no good and go sleep , anyone follow take own risk. thx.

* 3,40 am , +50 , ZZzzzz sleepy but need test run
** counter trend strategy work
*** today learn and success detect short trap / long trap of market maker .

counter trend long from 161.665 , expect this 1 is fail , just as test 2.
* dont follow this , this long % winrate is low . follow take own risk.


*** counter trend trade 2 , work also .
** M30 GJ retrace from 0.382 , may be uptrend movement soon , strong .. maybe not. zz 5 am