dojitrader
Short

3 Drive At Previous High Resistance

FX:GBPJPY   British Pound/Japanese Yen
218 2 4
This trade is setting up with "the look" that is usually
important for a 3 drive harmonics/symmetry.
The only problem is the length of the 1st
2 drives @ about 300 pips or so, places the 3rd drive
about 40/50 pips above the 1.272 entry and previous
high on the Daily chart . Seems inevitable that the high
will be tested. Perhaps the candlesticks w/rsi will yield
the entry and some smart stops
Well, I've been doing such a great job of talking myself out of trades this week ~~~~~
*** AudJpy and UsdJpy *** are fine examples . . .
I think I'll do it again and declare it the weekend.
"Happy 4th of July USA"
Maybe I'll get my head together with some camping in the wilderness
and make better decisions next week and beyond !
Standing aside for now.
Reply
agree. i also want to take profit around 175
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