tntsunrise
Long

USDJPY COMPLETED AB=CD insdie the wedge

FX:USDJPY   U.S. Dollar/Japanese Yen
7478 86 92
USDJPY             COMPLETED AB=CD insdie the wedge

Completion level @ 110.88
Look left, There are many structure
LONG USDJPY            
SL: 110.45
TP: 113 / 116
Comment:
snapshot


Watch is line , if not broken, can still hold long position.
Comment: Reversal begins
Comment:
snapshot
Comment:
snapshot
Comment: SL 109.95
Comment: Just now price tested 110 round level.
Did not trigger the stop loss.
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If it's to go up, it needs to pullback a bit further
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it seems to go down more
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JPY just got appreciated due to the wages data: http://www.investing.com/news/forex-news/forex---yen-gains-after-solid-gains-in-wages-data-393481. Hope it won't sweep the stops
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watch the price action first.
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Looks like this was not good time to buy this pair,but hopefully will turn around in 110.50 area
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yeah. still bearsih in 1h chart. lets see the price action
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This may hit SL
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Oh, Bank of Japan, where are you?..
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forexmech captain_smollett
Hahahaha
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Stop Loss Hit.
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Hit stop lost!
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Will you move your SL to give more room ?
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a.b PRO forexmech
Rule 1: Plan your trade, trade your plan. Never move SL
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Agree buddy..
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SL hit. Broke the line.
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Panic mode activated
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i am not still in,whats your suggestion dear jack? should i go long now?
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Look for multiple confirmations before going long.
It has broken structure to the downside so it's more likely to retest structure and continue down
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siro a.b
thank you i will consider that
+1 Reply
hit your SL?
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That's the confirmation to go long??
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I'm sorry but this idea failed : SL was hit so whatever happens afterwards is a different story
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FxTyrant captain_smollett
well he did update us on reversal begin, thats him still holding long either you like it or not.
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Up to you =) SL has Just been hit again and technicals are targeting 105. If anything happens suddenly, your broker will be hippy with you today!
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captain_smollett PRO captain_smollett
Happy *
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FxTyrant captain_smollett
He just messaged me to move Stop Loss to 110.20
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Once again: this decision is up to Every single trader. I'm out of it for now which doesn't mean I won't get back if the pair closes the day above 110.5.
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tntsunrise TOP captain_smollett
you are right
+1 Reply
Miz tntsunrise
are you still in the trade?
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I entered at 110.25 the 113%
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Miz captain_smollett
Correct, it will go to 105, however all jpy pairs due a retracement now and will push up before going down. hence why the first target being fib 78.6 of previous wave. His trade should pan out
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This morning is a completely risk-off environment. If I see a solid reversal, I'm in. At the moment, I'm out
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ok fine thanks
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snapshot


its a good spot to go long
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this market just can be handled by bradely coopers corector in limitless movie...hahaha
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I shouldn't follow this idea...I loss my profit!
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tntsunrise TOP hardjosoegih
move to the next wining trade!
+2 Reply
siro tntsunrise
i am in from11052
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siro tntsunrise
my currency strenggh meter shows USD strengh too
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siro tntsunrise
and i suggest to move the stop loss with trend
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good
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siro tntsunrise
thank you dear jack
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and take profit?
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Hi TNT what is TP1 and TP2 on the re-entry LONG at 110.26
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the other side of the wedge
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bguguen tntsunrise
Thank you.
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Cannot follón this trader any longer : too risky and too volatile
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captain_smollett PRO captain_smollett
Follow *
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GoodLuckbabe captain_smollett
Jack risk reward ratio is very good i think he don't mind this kind of small loses
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tntsunrise TOP GoodLuckbabe
from 110.88 to 110.45, lose 43 pips. but audusd we short from 0.7707 , take profit at 0.7520, that is 180 pips. win big and lose small, that is the sucess fomular for every one.
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GoodLuckbabe tntsunrise
yup i am fully agree with you jack this is the key of success in trading
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Saravan captain_smollett
Trading is not about getting 100 % win. He has provided so many trades with very less risk and great reward. I don't see how it's risky, when the stop loss is very low unless you risk too much money for one trade.
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tntsunrise TOP captain_smollett
you are welcome. no body forces you.
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hi jack looking at the price action to me it looks like just short covering/profit taking....the downtrend is still intact i guess
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By seeing 1 hour chart, it's good to enter Long Now. I put my SL 110.10. TP : 112.
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I agree with tntsunrise. This is my idea
USDJPY long
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SL taken out again, not nice, oh well :)
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if you move your stop lose little further down then this could be very nice trade JAPAN PM interference in yen started PM dont want YEN devaluation good luck
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GoodLuckbabe GoodLuckbabe
snapshot
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phew, i was lucky due to slippage SL didnt triggered
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just missed gud
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really appreciate all the analysis, thank you! It was a spike which took me out and have now re-entered. same as what happened with AUD/USD
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Urgh. Clipped my stop by .4 of a pip on my platform...
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tntsunrise TOP Streetsurfer
nvm. find a pull back and re-enter. 110 is strong support
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sell usdjpy withsl 110.75 and entry at 110.35
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tntsunrise TOP vaithi2praba
if i want to short, i will wait for 111
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Is it too late for input ?
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I think this is headed down

http://www.elliottwave.com/tutorial/Lesson4/4-3.htm
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what about enter to buy when it breakouts 110.500, or I have to wait more confirmation to go more up?
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tntsunrise TOP jangseohee
nice chart
+1 Reply
aiyaaaah i commit suicide
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it seems to go down more
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nice chart
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if it's to go up it needs to pullback a bit further
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ok fine thanks
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i think the price still aiming low at 109.80 if from my supply demand calculation, will up as long if price still above 110.51, ranging price today from low 109.80 and hi 111.05.
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tntsunrise TOP Nanansuh234
whcih demand zone u are using? weekly or daily.
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Nanansuh234 tntsunrise
:D from weekly SnD, the price now below supply area at 110.44, demand weekly above 110.84, so i will wait price back to above demand weekly. as your recomendation at 110.88.
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Agreed 100% with you. Usdjpy have met very, very hard support at 109.9
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I like your idea
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retest of 110 level?
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SL hit
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Miz kiachiang
looks like a spike, I won't enter anymore but I believe it will now start going up as expect to around 113 levels then a huge bearish wave.
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wait for foc meeting minutes.
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Don't catch falling knife.
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