FX:EURJPY   Euro Fx/Japanese Yen
234 5 2
This Chart must be read along with my earlier chart posting on daily time frame. Tq, Happy Trading.
dojitrader
3 years ago
So, if I understand correctly, your strategy took 4 months to set up and produced only 2 trades of 1 loss (or break even) and 1 gain ?
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hahahahhah... agreed with dojitrader....4months....but i think just 1month...
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My strategy on this daily chart is still as i suggested before. The move downward is just a consolidation... it is still with in the 1-2-3 triangle.... and i am still waiting for it to break the A - B (yellow) in order for me to enter long position and take profit as suggested in the Chart..... (PLEASE TAKE NOTE THAT THE MAIN CONDITION TO ENTER LONG POSITION IS WHEN IT BREAK A-B (YELLOW) TRENDLINE. Happy Trading....
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Dear doji...i take past price movement to set my strategy for today and future... that is what chart analysis is.... in order to know technically when and how to enter into the market , i analise past price movement.... it doesnt meant that i wait for 6 month to set the strategy.....

when i was in may or jun... i will use past price movement to set my strategy including trend line...

for example when i was in early May and Jun up to august , i might use the trendline (down trend), and when it break the trendline, i will enter long position in early Jun. as for take profit, i will use Fibo expansion and the first half is on Fibo Expansion 1.00 (100%) and another half is Fibo Expansion 127.2% (1.272) which in this case you will see that it is a successful trading indeed for that particular month (May and Jun- up to august)...

By the way dear Doji....Thank you for your view and knowledge sharing with me on the matters....
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stil with in the triangle... awaits for it to breaks the A-B Line to Buy OR the breaks of B-C to sell....both breaks must be a clear breaks, (the first candle close above/ below the breaks line, entry the open of second candle)... happy trading...
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