The USD is strong.
Will not be surprised to see USDJPY challenge 114 where it will complete a bearish shark pattern.
Close to 114, I hope some of these will happen for it to be a better quality short.
1. Ultra high vol selling taking place before it hits 114
2. Low vol reversal after touching 114 which closes with high spread at the lows
Will be watching out for this.
Tentatively, these will be my levels.
EP: 114
SL: 114.80
TP: 109.40
Will not be surprised to see USDJPY challenge 114 where it will complete a bearish shark pattern.
Close to 114, I hope some of these will happen for it to be a better quality short.
1. Ultra high vol selling taking place before it hits 114
2. Low vol reversal after touching 114 which closes with high spread at the lows
Will be watching out for this.
Tentatively, these will be my levels.
EP: 114
SL: 114.80
TP: 109.40
Bình luận:
A double top has formed on USDJPY.
However, the trend is still strong.
It will not just drop without any high impact news or a meaningful consolidation.
I will be patient and wait for at least this trendline to break and short upon any pullback.
This is combining the best essence of VSA and Harmonic patterns, to get in just before the big move.
A double top has formed on USDJPY.
However, the trend is still strong.
It will not just drop without any high impact news or a meaningful consolidation.
I will be patient and wait for at least this trendline to break and short upon any pullback.
This is combining the best essence of VSA and Harmonic patterns, to get in just before the big move.
Giao dịch đang hoạt động:
Entered short at 113.95
SL 114.40
Entered short at 113.95
SL 114.40
Bình luận:
Anyone joined me on this ride?
Bình luận:
Shifted stop loss to entry point at 113.90.
If price wants to fall it should be now after the high impact news.
Else it should go back up and we will breakeven on this trade.
If price wants to fall it should be now after the high impact news.
Else it should go back up and we will breakeven on this trade.
Đóng lệnh: dừng lỗ:
Got stopped out at my protective stop loss level yesterday.
Again, while reflecting, this is a big counter trend trade.
If it wants to change direction, it should be backed up by high impact news or after a long period of consolidation.
Again, while reflecting, this is a big counter trend trade.
If it wants to change direction, it should be backed up by high impact news or after a long period of consolidation.
Bình luận:
Re-entered on a H4 double top.
This 114 area proved difficult to overcome.
Easily a move to 109 if 114 holds.
SL 114.60.
Re-entered on a H4 double top.
This 114 area proved difficult to overcome.
Easily a move to 109 if 114 holds.
SL 114.60.
Đóng lệnh: dừng lỗ:
Got stopped out on Monday morning again on USDJPY. -60 pips.
We were so close to the weekly resistance, should have allowed a bigger buffer.
This is an error I kept committing the past 2 weeks.
Hope to learn from my mistakes and trade better going forward till the rest of Nov.
We were so close to the weekly resistance, should have allowed a bigger buffer.
This is an error I kept committing the past 2 weeks.
Hope to learn from my mistakes and trade better going forward till the rest of Nov.
Will be looking for one final test of 114 before going short.