moorekapital

AUDJPY: STUDYING 'AUSSIE J' FOR A BIG WIN!

FX:AUDJPY   Australian Dollar/Japanese Yen
324 7 12
Not Much to say ^_^

I think 90.0000 - 88.5000 ZONE is once again proving a ceiling to price

Next: Price is building a nice MODE, following a clean 3-bar rejection formation @ the zone.
I'm a seller upon price disconnection from the mode.

Until then, No trade.

MooreKapital

Building Stable Wealth With patience.
;)
Trade active: I actually short this at 86.810 based on the nature of the PRICE ACTION evidenced by the 3-bar formation around the MODE. See the link below for my entry on my PAMM, where I manage clients Funds. https://moorekapital-gmail.tinytake.com/sf/MzU3ODIxXzIwNTM0Mjk (Kindly click on "full screen" above the image to see things clearly )

https://moorekapital-gmail.tinytake.com/sf/MzU3ODIxXzIwNTM0Mjk
Comment: I Did Break Even, And Added To My Shorts @ 86.159
Click On Link To See Image Below
https://moorekapital-gmail.tinytake.com/sf/MzYxNDQ5XzIwNjczMzA
Comment: MR1 or MS1 sets the tone for next leg: up/down.
Loads of info on chart.
snapshot
Comment: Buying this @ 50% and 75% RE
snapshot
Just curious . . .
What is the trigger that signals price has diconnected from the MODE ?
Thanks for your thoughts !
Reply
moorekapital dojitrader
If a whole day opens and trades (High and low) completely below the MODE. It becomes a better story when the signal bar actually expands range.
Reply
moorekapital moorekapital
Also, if the next day becomes a trend day,(a bear bar) and does not come back to test the MODE, it sort of second confirms the signal. However, if it comes back to test the MODE, that does not nullify the bearish direction. It simply adds to the extent to which price can go down, if it does go down finally. Mr Tim West, & IvanLabrie are the Authorities on this MODE concept. Kindly turn to this chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ, and learn some more. ^_^
Reply
I actually short this at 86.810 based on the nature of the PRICE ACTION evidenced by the 3-bar formation around the MODE. See the link below for my entry on my PAMM, where I manage clients Funds. https://moorekapital-gmail.tinytake.com/sf/MzU3ODIxXzIwNTM0Mjk (Kindly click on "full screen" above the image to see things clearly )

https://moorekapital-gmail.tinytake.com/sf/MzU3ODIxXzIwNTM0Mjk
Reply
I Did Break Even, And Added To My Shorts @ 86.159
Click On Link To See Image Below
https://moorekapital-gmail.tinytake.com/sf/MzYxNDQ5XzIwNjczMzA
Reply
Great, I shorted, if today's candle doesn't turn up, we could be in for a major selloff.
+1 Reply
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