forker
Short

USDJPY - At strong resistance, ready to drop

FX:USDJPY   U.S. Dollar/Japanese Yen
I can see it drop.
The resistance is really remarkable.

Trade save - important news ahed!

P!

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Timing is key
8 months ago
NIce call
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forker PRO
8 months ago
On the way...
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Hi Forker.. congratulations for your work. Can I kindly ask you on which criterium did you draw the entry line (113.673)? that was pretty impressive! Thanks again. David
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forker PRO BlueSkyThinking
8 months ago
Hi David.

The entry was based on the dashed, upsloping Action/Reaction line.
Price pulled back a couple time to this area (it's a one of the rules of the Action/Raction course) and i just waited for a little bit confirmation.
So, to clarify - i was not entereing on the bigger pullback, but earlier. And this pullback could be used as a second entry.

But much more if importance then a entry is the stop my friend.
Hiding stops behind real structure, like real pivots/swings/blocks etc., is far more important then where to enter.
Because you could have a very bad entry point....but with a good stop, the trade survive much more often.

I'm currently working on a more extensive course then the beginners course in A/R & Forks ( http://mytradingcoach.teachable.com/ )
where i probably also will cover this, and some priceaction too.

Many people asked me, so i decide to do the work.
Just hop in this free course above and i will inform you when the new course material is ready David.

...and hey - your Elephant is superb :)


Happy Day David
Emilio
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