Markame
Short

GBPJPY A SELL!!!!!!

FX:GBPJPY   British Pound/Japanese Yen
SELL IT!!!
Trade active: we making profits ;)
Comment: Almost to target 1, Make sure to remember your trailing stop to protect your profits :)
Comment: Target 1 hit.
Comment: target 2 hit
Trade closed manually: Hit trailing stop at break even :/
I would ask you...in what timeframe is the harmonic wave analysis done? :)
+1 Reply
Markame PRO edlund2005
@edlund2005, Any Time Frame you can do, I prefer Higher Time frame 1 hour-daily. :) but the rules of Harmonic apply even down to a 1 minute time frame. :)
+1 Reply
edlund2005 Markame
@Markame, Yes but in this case it's not very obvious where the harmonic pattern was applied, that's why the question.
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@Markame, At what point and time would you consider this trade, no longer worth getting into? I'm at work, but I want to enter this when I get off!
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I'm in
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very happy with target 1, thanks @Markame
+1 Reply
Very nice @Markame Riding this bounce and hoping for the continuation downwards :)
+1 Reply
Frustrating - If I try to let my profits run, they turn around & evaporate into nothing, like this one, stopped at breakeven after being substantially up.
But I if I take the profit off the table, instead of letting it run, they go huge... Arrgggg....
The joys of trading.... grrrr.
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DougBucholz The_Duke
@The_Duke, Instead of trading a single .10 for instance try trading 5 .02 lots or even 2 .05 lots. Then you take profit at targets and only potentially break even on 1/2 of what you wanted.
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The_Duke DougBucholz
@DougBucholz, Good point, scaling in and out I guess. I've never traded that way. Might be my old Options trading style that's hindering me. Appreciate the input mate.
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is this still valid for these TPs again for new entries?
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@Markame this one did have a trailing stop that got you out at breakeven?
I don't understand how come some trades get you out at breakeven because you're using a trailing stop, Markame, and others that retrace over your entry point, but go back into profit, don't seem to hit your stop loss?
What;s the difference between this trade and your EURUSD trade that moved in a similar fashion?... This one takes you out at breakeven, but the EURUSD you stay in to get the big profit?
I'm confused mate...
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