FX:EURJPY   Euro / Japanese Yen
228 5 1
SHORT TERM TRADING
Short term- short position, TP at 133.95 , after that will rebound and break 0.5 fibo, enter Long position , TP at 135.70,
The short position may not occur if it doesnt break the 1.0 Fibo line at 134.25
the sell trade did take place with little profit..... but we are waiting the price to move up to enter long position soon....happy trading
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good strategy....but as per dojitrader its 20/30% of the time........................i agreed wth you because you have A OR A+ trade.............
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good strategy....but as per dojitrader its 20/30% of the time........................i agreed wth you because you have A OR A+ trade.............
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How long have you used this strategy ? Does it work on lower time frames. Seems to me you get chopped around a lot trying to catch the big trending moves that only happen 20/30% of the time. Granted, I've studied this very little but, it looks like you leave way too many pips on the table with a high danger of selling bottoms and buying tops. It does provide lots of analysis for very few trades --- Hence the idea might work better on 5/15 minute charts ?
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Quick fall. Interesting see what's the next target for this pair
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