Daniel-Malik
Short

USDJPY - SHORT THIS TIME

FX:USDJPY   U.S. Dollar/Japanese Yen
1940 29 32
Same pair, Same trade , same Techniques but Different Direction this time. Short USDJPY             to get the retracement. Its Forex and I Recommand you guys not to miss any singl;e chance ! Volume indication also show us difference so better to short now .
Comment: I am personally holding this position and add another sell position at price 104 , This is my Trading plan
well ok lets try it :P
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Daniel-Malik markuslig
These are short term trades so always enter the trade after watching price action carefully
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markuslig Daniel-Malik
it seams as its a possible down, I draw 5min chart channels and it has been falling threw a few lately so im reversing and shorting with you. looking for long again further down :)
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markuslig markuslig
through
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what is your sl, ty
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This thing you really have to decide your self ! When will you think that this trade will become invalid simple !
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Dan, i see you used a WWV at the bottom of your chart above, what is that and is it known by any other name please. Thank in advance.
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Daniel-Malik Batman-oz
Weis Wave Volume (LAZY BEARS)
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Batman-oz Daniel-Malik
Seems my trader does not have that particular indicator, would you advise another one close to that or ??
I have an RSI on all my charts. Is there one you like to use a lot?
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Daniel-Malik Batman-oz
you can find it on trading view as well bro. or either you can use any indicator of volume. that's not the issue bro .
+1 Reply
Batman-oz Daniel-Malik
Broker not trader lol
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Dany...what we gonna do whit this pair? Keep short position? On 1h TF I see some divergences, is it right or I'm wrong?
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I am personally holding this position and add another sell position at price 104 , This is my Trading plan
+1 Reply
MiDiGre PRO Daniel-Malik
I will follow you then....what are possible tp's?
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At this point dollar is so strong and moving up continuously. But remember one thing that it has to retrace and that will be our game !
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MiDiGre PRO Daniel-Malik
The tp will be unchanged?
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zhivankin Daniel-Malik
I'm short from 102.99. What is your SL for this trade Dani? I have mine on 104.12
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Daniel-Malik zhivankin
i wilol enter another position fromthe same price you put your SL at. because retracement of the move yet to come
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zhivankin Daniel-Malik
That's great, but what you consider as definite SL price?
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I just entered position few minutes ago, I had good luck by following your analysis. However, I got doomed by XAUUSD few days ago.
I like how you do short term tp analysis, Malik. Top notch!!!
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Daniel-Malik Noobsnoot
Thanks
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Trade is good buddy, I'm already short @ 102.95 2nd entry @ 103.45 & Pending last entry at 103.950. I Hope it will go down before Friday, so can secure position before NFP release.
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yes. but after the strong move of dollar I think retracement yet to come
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it will go down for sure but lady market will test emotional will
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It has started to dip now. my TP is at 102.700. 650 pips 1.0 :D
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Daniel-Malik HumairDawood
Its not 650 pips. They are 65 pips
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That down volume was an indication of no supply. there was no sellers.
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I have a feeling it might pop to over 104 to squeeze out the short sellers before declining.. i totally want to enter now though bc I have FOMO syndrome
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Well done mate another good trade, and look at the amount of views you got on this, at typing it was 1634, well done, moving up.
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