Ozayevable
Short

looking to short on sunday.

FX:USDJPY   U.S. Dollar/Japanese Yen
266 11 1
UPDATEI 1st target hit - trade is free fellas...
KevinT
3 years ago
Got stopped by the Fibo. No significant pull back. Making a bull flag.
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Ozayevable KevinT
3 years ago
sure thats a possibility. the only thing that matters for me is to "get free", and leave the rest into hands of mother market. Considering how jpy pairs love 50%, and that 100 is sitting right above a big bad 50% that failed twice already, im ready to give it a shot.
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KevinT
3 years ago
I see what you mean. The double top is temptatious. Upside potential limited. Down side high potential. Great risk reward!
I prefer to wait for confirmation of the 2 scenario's before I enter my position: bull flag or bounce of Fibo.

By the way: just a question and no offense, are you using the right harmonics ratio?
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Ozayevable KevinT
3 years ago
well id like to think so. its sure strikes me as a bat pattern. do tell if i am missing something.
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KevinT Ozayevable
3 years ago
Don't het me wrong Oz. I'm absolutely not a specialist in harmonics. But compared to the harmonic patterns I've seen, this one looks out of proportion. Not judging this one is right or wrong.
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Ozayevable KevinT
3 years ago
it looks like it cuz retracement happened right after one candle. thats why the triangle on the right looks small. but looks is not the requirement here, proportions are.
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KevinT
3 years ago
uhum... :P
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KevinT
3 years ago
I go short now :P
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KevinT KevinT
3 years ago
Got my bud kicked...
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Ozayevable KevinT
3 years ago
i use tight stop and a 1st target equal to my stop. when i got my 1st target i close half of my position. so even i got stopped out later, i lost no money. dont trade if you dont have a plan.
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