tntsunrise
Short

EURJPY BEARISH BUTTERFLY Pattern in 1H

FX:EURJPY   Euro Fx/Japanese Yen
11551 56 280
EURJPY             BEARISH BUTTERFLY
I just short this pari from 118.38
'
Butterfly normally gives the best
opportunity to trade the tops.

Attention:
This is a Counter Trend Trade,
For trend followers pls             ignore
Comment:
snapshot

first target hit
tell me you did this trade
happy trading, happy results!
Comment:
snapshot
Comment:
snapshot

2nd Target Hit and I will leave my last position heading to the TP3.
Comment: Continue to drop. now is 114.57
Comment: now is 113.47
how many pips?
Trade closed: target reached: TP3 HIT.
Nice Profit, Nice Trade.
Comment: Almost 600 pips
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thanks for sharing the idea. i will igore since i like to trendtrade better and dont have time to keep an eye on this sell whole day so it is more dangerous than a buy right now for me.
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good. it's ok to stick with your trade plan, although you missed this profitable trade.
+2 Reply
norzensen tntsunrise
arrrr and i bite my a$$ now as you can imagine. anyway: forex is about chances over chances to come... no need to chase every single one and be angry about a missed one.
+1 Reply
yes you are right. move to the next winning trade!
good luck!
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as you say .. good one !
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nail in the coffin
+1 Reply
Already hit 1st TP....GOOD JOB !!!
+1 Reply
yes for me , great one
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yes dear i have this trade... good ...thanks. still waiting second tp
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I did not by 5 pips!! what a great trade Jack. Congrats mate. Looking for rebounds to get in on the JPY pairs
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It scares me a bit how exactly you predict the market :) Thanks for the idea!!!
+3 Reply
Waiting for 2nd target,thanks!
+1 Reply
Good job, thanks for sharing.

Can you please also check GBPJPY chart?
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tntsunrise TOP marjan.fx.1362
u dun trade both eurjpy and gbpjpy, correlation too high
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right, no intention to do that.

Was wondering if there are good trade setup on GBPJPY
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Care to share the approach of forming the butterfly picture. Trying to pick hw ppl drew it.
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Tks. it is not secret to draw harmonic patterns, but how to make the whole process: identify, predict, determine, execute is the key part that can convert the pattern into the real, profitable trade.
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so TP 2 is it achiveable ?
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Hello,
I did not follow your butterfly, but very nice! Congratulations and thank you for these high quality recommandations :)
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Good Job Jack as always.
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snapshot

First target is good, but it is still a uptrend….
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i wont say it is a uptrend. it's side way and make break down the consolidation zone.
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You're trading Paterno. Do you remember the pattern WHITE SWAN how to trade? Please tell me if you know. Thank you
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tntsunrise TOP SemenovIvan
Sorry about that, I dun know what is white swan pattern. invented by who?
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norzensen tntsunrise
it s a shame. you should learn it! black daliah pattern, too ! Actually i could imagine what this "white swan" pattern looks like... white = green candle and some doji on top forming the swans head... blabla... after all it is all the same with different names
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noted Jack
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Your trading and training style is very effective and commendable. Thanks for being a "realist" about FX trading and a humble person. More power to you!
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noted Jack
i always beside you!
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Do you believe EURJPY still has further to fall?
+1 Reply
now u see it hits my TP2.
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Will the trend drop as predicted as 115.464? anyway, i had put TP in the value of 115.000. Let's wait and see.
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how's ur trade? did you tp at 115.46?
+1 Reply
Do you have an idea Jack or somebody is it short term retrace or was something in Japan economy it goes up longer term?
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this is not a bfly
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i am referring to the eurjpy post
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i agree this came nowhere close to 127. that can only be a structure trade !!!!!
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tntsunrise TOP Elvis.Deonarine
The fact is: My butterfly pattern is slightly different about the entry.
And I have done my back test, my butterfly settings is better than traditional butterfly pattern.
I definitely know the traditioanl BF is using XA's 1.27 Ext , but I just feel it will miss a lot of trade by using that.
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can you share your configuration ???
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tntsunrise TOP Elvis.Deonarine
sry, i can't. only to my students
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Gareth_Roberts tntsunrise
The butterfly pattern's C-D leg has to break the X-A leg, and although your method worked, it isn't a traditional butterfly pattern. Still a good set up though :)
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tntsunrise TOP Gareth_Roberts
it's ok, no matter what kind of pattern, profitable is the key.
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https://www.tradingview.com/chart/EURJPY/YvhOJyk8-EURJPY/
EURJPY
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good job
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There i no entry because the butterfly Pattern is not correct
IMO this trade would only be taken as a double top
snapshot
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tntsunrise TOP Elvis.Deonarine
that's why my BF entered and yours didnt.
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Won't this conflict with your UJ Idea?
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you're beast !!
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too perfect
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Hi Sir, very new to this web site, so far found it very good.
Your predictions are very accurate, not like some others on here. I have done some research on here to.
I personally entered this trade and made 100 pips, pulled out, as they say "bank it" or Book it" and then reentered then started loosing, got scared and pulled out with only making 40pips.
Do you have some help that you could lead me toward, either reading or video to help me to understand to wait?

Thank you in Advance, Anthony
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great call as always...
nice job
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Level 114.550 buy?
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thanks sir
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gr8 call Jack..
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time to go LONG..?
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Great job !
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Unfortunately i did not come across you in time for this trade but well done Sir Jack. SMTM
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