USD/JPY - Should had taken this scalpOANDA:USDJPY
The trade I SHOULD had taken, instead of playing around with the EUR/USD.
Hind sight always 20/20 right?
Not chasing anything today, days over.
Trade management
Trade well
Uj
USDJPY - In for a short term correctionDollar is loosing steam this week after the huge push up we've seen recently,
Here we can see an ascending pennant, a textbook favorite, that is breaking down with a strong H2 engulfing making it look like it could go back to support
It's a counter trend trade, so we have to be carefull, and expect less
The ascending pennant is a reversal pattern when it breaks, so, price might want to go get some suport, in this case, it could be :
- A fib level
- the longer term trendline (the green one)
- the 135.00 psychological level
Let's see what the market will do with my coins!!
Cheers everyone and trade safe!!!
LONDON: USD/JPY B&R - MOMENTUMLondon has lined up some interesting break and retest setups. Decided to go with UJ because we already have a trade depending on USD weakness, now we can try to capitalize on JPY strength as well. 'Break and Retest' setup right out the playbook is active using momentum based entry. Lets see how it plays out
UJI don't think I posted this updated idea. I also didn't take the trade, so because I didn't journal I didn't place an opportunity. Yet it is okay we learn and do better each and every time we open the charts.
UJWaited for the retest but it's not going as high as I anticipated. I will set out a sell stop but still be watching, also enough room to breathe with my SL.
We had a break of structure, slightly impulsively.
USD/JPY - Long slow NY morningOANDA:USDJPY
I'm in a New York frame of mind.
Waited and waited, then triggered.
25 minutes for 15pip TP to get hit.
Broke below previous weeks high (not sure if that means anything, LOL).
Wanted the next round number below, but decided to set my TP to "my" round number of 15pips
Trade well
NY: USDJPY REVERSAL - MOMENTUMNY seems to have taken a bias to a weak dollar and this falls in line with our reversal setup using momentum for UJ
USD/JPY - Per my Rules Unfortunately OANDA:USDJPY
Since session opening, to start the new FX week, 2 scalp entries, and 2 winners.
Unfortunately, per my personal rules, I can only take entries during the London and NY sessions.
Oh well, discipline, right?
Trade well...
USD/JPY - I tried for a quickyOANDA:USDJPY
Took a shit a short few minutes ago once spreads tightened up a bit.
Wanted quick 10 pips hard TP, got to 9 pips and reversed for stop out BE, oh well.
We wait again...
Trade Well
GBP JPY - To Test ResistanceWe saw GJ falling of the rising wedge. It continued the upward direction after the BOJ new governor "Un-Impressive speech" . I think GJ will test the resistance and fall back. JPY is currently fundamentally driven and like the Gold , it has not pivot the upcoming interest rate hikes. Interest rate differential is driving the JPY pairs. Any Murmuring on the interest rates can drive JPY crazy on Tuesday Ueda speaking. I will seek any short opportunity.
I will go by the technical which says sell from the resistances.
Do comment on the idea and odds.
Cheers
UJStill holding, still running. So we keep it going and stay watching whether we double up or double down on the current trades.
UJI could be blind while seeing this, I'm seeing a failed level to break (Twice). I am also seeing a channel forming. Yet the probability could be a reversal channel and we could see a break upwards
ASIA UJ EXT ON REJECTIONUJ has tested round level of previous structure nicely which happens to coincide with our fib ext playbook setup using rejection candle as entry
NY UJ 618 LIMIT ATRLet’s see if this relative 618 level holds as it is also backed by structure it is usually one of my most consistent setups. If it doesn’t and price continues uptrend the next best place to enter would be the bigger 618 from the very bottom of the consolidation
ASIA UJ BO ON MOMENTUM ATRBreak out setup conditions met with ATR being used as our SL for a 1:2 trade
USD/JPY - Trade what you see?Friday, and the start of a 3 day weekend holiday here in the states.
Took a pull-back short scalp for hard 20 pips TP, during London/NewYork overlap.
Trade what you see, right?
I'll post more soon,
Trade well
UJGood thing SL was in profit, so we didn't donate back. Tomorrow is another day but close of market so we will trade with caution and with a plan. Goodnight
NY UJ 618 LIMIT ATRThere it is so price has pushed down towards the bigger 618 from the very bottom of the consolidation and we must add and entry here so that if price is going to follow through on the uptrend we can capitalize using a solid setup
UJWe broke out impulsively and we took it very early, now we going to hold but move SL into profits. We do not run a charity here and we are responsible finance managers.
UJI am anticipating this.
We come from a bullish trend, we now have a bearish small channel forming (Reversal). This indicates that we are in a bull channel and that after accumulation (Demand) has been placed, Volatility (Supply) will be fulfilled impulsively. That's where we either wait for the break and retest or enter early and hold (Higher risk but higher reward).
