sykes

EURJPY Short play good RR

Short
sykes Updated   
FX:EURJPY   Euro / Japanese Yen
Going to give this a try. Been learning lots off of some of the people I follow so have recently started to try these markets. I use 1broker, you can use BTC to play all sorts of things, stocks, commodities and forex. This is my sub link if you want to join, dont have to use it!

1broker.com/?r=66970

Some of the people I follow who I think are good are these.

www.tradingview.com/u/Wave-Trader/

www.tradingview.com/u/PRO_Indicators/ (search 'pro indicators youtube' on google and you will find his daily vids. Excellent teachings and they are free! Unlike 99% of the gurus!)

Looking for this to break these two trendlines you see. It could bounce off either but I think its going to fall and test support areas.


Put the stop just abouve 131.5 and its a safe good RR play I reckon.
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Stopped out of my own pay on this Friday. I set my SL at 131.5 exactly instead of what I have on the chart. Idiot!


Going to wait until Sunday night when it starts trading again to see what happens and look to re-enter.
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As I expected, lil bull run. This is what I am looking at now. Want it to start breaking these lines.



youtu.be/TJdyQrZZeeY

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Lets use the pitchfork to make a trading zone. It's on the left, and can be tricky to use. Still learning myself. You can mess with it in setthings. I have just the 0.6 and 1 checked. Can have the 0.78 instead as 0.5-0.78 is the golden area. I just like this as it give room to play.

So you set it from point 1. The top, then 2, the other top and point 3 the bottom. Then we get a trade zone. Sell the top, buy the bottom. And we dont wanna venture out of these areas if we are on the wrong side as it signals the trend going against us.

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Shut out all the noise

15min

2hr

4hr
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Fight

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Its funny, you break down down. These levels . I dunno. Such a fight.

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