GBPJPY [M5; 40 - MN 110; CLS 0.2] {image} Setup for a CLS @ 0.2 lots ps. manual entries could also be applied depending on progress. Masterrmind...........
{quote} GJ - update {image} Q modified to 80 to force a greater distance between HH + LL channel. Will need to be monitored. Masterrmind...........
{quote} GJ - update {image} Q modified to 80 to force a greater distance between HH + LL channel. Will need to be monitored. Masterrmind...........
{quote} Great example of how you are monitoring the overall market structure and demonstrating the discretion of the trader is an important aspect of success.
{quote} GJ - update Q modified to 100. Q is being modified even though no trades have been made ... there is a reason for that however due to a rather low volatile trading period and especially as evidenced today you can't be too wide on the HH-LL channel or trades may struggle to even get opened. Since I have 2 cycles already in action I'm actually in no hurry to have numerous trades opened on the GJ pair so if no trades are opened that's also fine by me. Different story however if GJ was the only cycle being traded I would seek to minimize the...
Only pair I'm considering to trade at the moment is AJ but this could be different for other traders with tighter spread and other factors. I'm not convinced that I will unleash a PLS cycle (could be a manual PLS or Expert cycle) either so its a patience game at the moment. I suggest waiting until London opens before committing one way or the other. If I haven't opened up a trade within the first hour of London session then no cycle will be traded and I'll simply wait for better opportunities tomorrow. Masterrmind........... :nerd:
{quote} AUDJPY [M1; 400 - Manual; PLS] {image} Manual only approach starting at 0.2 lots then increasing followed by additional shorts subject to PA. Masterrmind............
Been very busy on EURAUD! Price has extended further than I'd have liked but using a sensible sizing approach and so far only into 5% drawdown on EURAUD despite starting my cycle at 1.4930 area. Currently 68 open orders
{quote} AJ - update {image} Sell Limit orders placed with generous spacings. Additional entries could be applied whilst others might be deleted all depends on PA. Very mild PLS manual approach! Masterrmind............
Trading looks like it has been going good
GJ cycle started {image} .... and away we go .... Masterrmind............
{quote} GJ - update Q modified to 100 Masterrmind...........
PLS cycle (pre-London but most likely continuing throughout until completed) USDJPY [M1; 300 -MN 213; PLS] {image} Lets get busy! Masterrmind............
