FX:USDJPY   U.S. Dollar/Japanese Yen
13435 89 268
6 months ago
USDJPY             is in a corrective structure , it broke out of the 240 downtrend and looks like it's is making a corrective structure. Buying the breakout looks like a good idea.
Tomorrow i will be doing a webinar for the entire community , please feel free to log on and share the link.

https://attendee.gotowebinar.com/register/7800757197641489153

Trade with care.
Thank you for your support.
6 months ago
Comment:
snapshot
6 months ago
Comment: REMINDER: webinar begins in an hour.
https://attendee.gotowebinar.com/register/7800757197641489153
6 months ago
Comment: Recording of today's webinar.
https://www.youtube.com/watch?v=44WyYd08aHg
6 months ago
Comment:
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YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457

Related Ideas

albertos
6 months ago
Thanks Anil
+2 Reply
ofiratias4
6 months ago
THANK U VERU MUCH AND HAVE A GREAT WEEKEND
+1 Reply
anilmangal TOP ofiratias4
6 months ago
hope to see you tomorrow
+2 Reply
bagyeongjun
6 months ago
thank you ani !!!
+1 Reply
mdvisser.visser
6 months ago
Appreciation confirmed.
+1 Reply
TradZ
6 months ago
Yes 4hr Chart is in a corrective mode and thank you for link, very kind of you:)
+1 Reply
robus
6 months ago
Thank you Anil.. I made each pip from 111.15 to towards 108.5 and TPed.. now I may go reverse. :)
+1 Reply
EnginGozukucuk
6 months ago
It seems to break already, bought it
+1 Reply
rooshan.ashfaq32
6 months ago
Breakout has happened
+1 Reply
JoseGomes
6 months ago
Thanks Anil. Appreciate your time and help.
+1 Reply
StevenMilward
6 months ago
thanks for the but setup
+2 Reply
Cazzie
6 months ago
I think the 60 will pullback and go as low as 107.41 ish or as near to it as poss.
Already have pending orders on this pair. Not yet taken in 240 on 180.402, almost clipped me though.
It will come back and pick me up tomorrow. Target: 112.00 / 113.63
+1 Reply
AnasHelios
6 months ago
is this pattern have the ability to break both direction?
+1 Reply
cperezmontilla80
6 months ago
Thanks anil, your ideas have helped me a lot to understand the correct way of trading, trading is not a exact science but doing the way you do have increased a lot the probability to have a success trade or break even.
+1 Reply
Corbel
6 months ago
Thanks a lot! Tomorrow I will try to manage to join in time
+1 Reply
AhmetAlperOzen
6 months ago
Thank you, hoping to attend the webinar.
+1 Reply
tradermannn
6 months ago
we can go LONG now? any advice ? thanks
+2 Reply
Xman1991
6 months ago
Pls post more short term setups like this
+1 Reply
_chris_ PRO
6 months ago
Thanks for the videos. Could you please give the webinar time in GMT for me
+1 Reply
anilmangal TOP _chris_
6 months ago
It's at 9 am New York time , so you can check it for your local time
+1 Reply
mlbo _chris_
6 months ago
always confusing these different time zones and stuff. this is a good page/tool to check and know for sure http://forex.timezoneconverter.com/
+1 Reply
zlx168q
6 months ago
long usdjpy
+1 Reply
nahidik PRO
6 months ago
USDJPY Look for the break.
+1 Reply
harilaos
6 months ago
Thank you for your chart, as always very informative. A question if I may, if the pair price is back in the channel the chart is not valid any more? Thank you in advance
+1 Reply
anilmangal TOP harilaos
6 months ago
Depends on which structure you are looking at. In this case the upside is still valid , but you might already be out of the trade , if you took the buy (if you trade 15 mins) or you are still in if you trade higher time frame .
snapshot
+2 Reply
harilaos anilmangal
6 months ago
thank you, I appreciate your answer
+1 Reply
Lighthouse PRO
6 months ago
Nice setup Anil,thanks for the everything.
+1 Reply
mlbo
6 months ago
hm. what makes you say it makes a "bigger channel" ? the original post had a different trendline, price broke it and retested it and bounced off. so far so good but you now post a chart in the update with a different trendline that is not yet broken.... confusing
+3 Reply
anilmangal TOP mlbo
6 months ago
The up move is still valid if you trade long term, this update are for those trading 15 mins, who might have closed the trade for a small lost when it broke the 15 flag to down side.
+2 Reply
mlbo anilmangal
6 months ago
thanks for explaining. i came to this conclusion myself after reading all lthe comments now. my suggestion to you is to put these different time frame updates somewhere else. maybe in the comments or something. i am following you charts / ideas and updates carefully and i believe i know what i am looking/waiting for after you posted the original idea, everything looked fine and then the update confused and distracted me. in fact it is really confusing and distracting because it makes you doubt your initial idea. "uh, i was wrong? i put the channel wrong? situations looks different now! better close the trade and wait!...." so, if not nessecary for entry or exit calculation i would stick with one timeframe for idea + updates. just my 2 cents on that. hope it helps. thank you very much for your work and all the best to your family (hours of sleep the last months? 10? haha)
+1 Reply
anilmangal TOP mlbo
6 months ago
And that is why I always say everyone must have their own strategy , because we all trade different time frames , different style etc.
+1 Reply
anilmangal TOP mlbo
6 months ago
snapshot
+3 Reply
mlbo anilmangal
6 months ago
*thumbsup!*
+1 Reply
henrydls mlbo
6 months ago
hi, now buy? 107
+1 Reply
mlbo
6 months ago
Anil, may I ask for your view on a proper "confirmation" after retest (lets stick with this usdjpy long example, 1H chart). price needs to close above the restest-candle(7am candle) or is it valid enought o say that the 9am candle closed above the 8am candle and by this confirmates the price action upwards? i think both ideas are valid but entry prices would be very different and i d like to participte in your experience what is the better way... since the stopps for both entrys after conformation are rather the same but entry price is different. thx
+1 Reply
swing-trader
6 months ago
nice anil great setup
+1 Reply
Pietro82
6 months ago
after re-test of the broken trendline has kicked in nicely :)
+1 Reply
afflick89
6 months ago
im quite new to trading, and i have to say i've learnt so much since analysing your charts.

Very informative.
+1 Reply
TimStuyts
6 months ago
Thanks Anil, will definitely try to join your webinar. Great initiative. Good trading to you!
USDJPY, ideally one leg lower
+2 Reply
henrydls
6 months ago
hi, now buy? at 107?
+1 Reply
swolf00183
6 months ago
I dont know what kind of fund you run, but you have sold your followers down the river.
+16 Reply
AtifQ PRO swolf00183
6 months ago
Not all followers will have taken this trade though. Those that did, then this setup will have met their strategy and if you couple that with good risk/money management then the loss will have very little impact on a their accounts. That is if the stop loss wasn't moved to break even.
+1 Reply
swolf00183 AtifQ
6 months ago
Not when the fund manager shouts out free 3003 pips on long usdjpy @ 111.xx and price crashes to 300+ pips immediately after that call.So my point is this fund manager is like any other trader over here.just the thing is, he is a good salesman.
+12 Reply
nxtleveltrader swolf00183
6 months ago
I agree with AtifQ - Even the best traders in the world are only right about 50-60% of the time. But as said with good risk managment and strategy, you can still be very profitable. With good risk management a trader would not have lost much at all if anything despite the reaction to todays news.
+1 Reply
anilmangal TOP nxtleveltrader
6 months ago
Guys, let's leave the swolfoo183 fello alone , he has no clue what trading is about , he is here to troll. I closed my buy just before NFP for a 10 pips lost. If you don't have a strategy to trade don't trade.
+1 Reply
anilmangal TOP anilmangal
6 months ago
if he wasn't a troll he would have checked all the charts i posted this week and maybe , just maybe he will learn a thing or two.
+2 Reply
swolf00183 anilmangal
6 months ago
Maybe I dont have a clue about but so do you. Thats the point Iam trying to make.When you use words like free pips and $$$ its highly unimpressive.
+8 Reply
anilmangal TOP swolf00183
6 months ago
LOL the 3003 free pips were meant to be humorous, but it seems you didn't get it.
+1 Reply
swolf00183 anilmangal
6 months ago
When trade goes other way, its humour isnt it.
+10 Reply
burrr PRO swolf00183
6 months ago
you are still not getting it, please do an online iq test and tell me your score maybe we can help you with your issues
+1 Reply
puretradelife PRO anilmangal
6 months ago
maybe it's a bit dangerous to have some relaxing moments, when others are struggling, though :)
+1 Reply
mdun8900 swolf00183
6 months ago
So the troll (you) got trolled? If you couldn't see the sarcasm in those free pips post then perhaps you are not trolling and genuinely stupid. I apologize if that is the case. In any event, I have been following Anil for close to a year and have made tremendous gains from following his structures and executing my own strategies of breakouts and pullbacks. I have not polished my trade strategies to fully maximize gains and minimize risk, but I can tell you I would not be as educated and experienced today if it wasn't for these trade ideas. Anil has given more to this community than any one else I've seen across the boards. I find it amusing that people are quiet when the structure works in their favor but then throw hissy fits when it goes against your own personal poor judgment (not anil's). Be considerate before you post and make yourself look like a freeloader that has nothing to offer but negativity.
+4 Reply
swolf00183 mdun8900
6 months ago
If he makes wrong calls as well(that too a big one in this case), then the point is he is like any other trader.no need to put him on pedestal.
+6 Reply
StevenMilward swolf00183
6 months ago
'that too a big one in this case' The size of the error doesn't matter. If you've correctly place your s/l then how much it goes below doesn't matter. If you don't like his advice then don't trade his advice.
+1 Reply
Xilpa anilmangal
6 months ago
Anil - you write "I closed my buy just before NFP for a 10 pips lost." You normally claim that you don't pay any heed to news/data and since when do traders second guess their strategy!? Just a thought, nothing more.
+9 Reply
Scientist swolf00183
6 months ago
do you think any real fund manager is giving two seminars per day (daily!) for his pupils? He earns through teaching wave theory, not through managing funds. Just my opinion.
+11 Reply
swolf00183 Scientist
6 months ago
according to him he is a fund manager.
+8 Reply
Scientist swolf00183
6 months ago
self-promotion... Probably he manages some friends' money. I am also fund manager in this sense)
+6 Reply
anilmangal TOP Scientist
6 months ago
lol don't show everyone your jealousy so openly , you are a grown A-- Man.
+1 Reply
swolf00183 anilmangal
6 months ago
Anil, no one is jealous of you.Truth is bitter.Accept it
+9 Reply
swolf00183 Scientist
6 months ago
lol...me too
+3 Reply
anilmangal TOP Scientist
6 months ago
hi Scientist , if I offer you the course for free would you join my group?
+2 Reply
roadtogo anilmangal
6 months ago
guys, dont comment on a graph thinkin it is not successful because it was just written "buy" on title..it is obvious he showed trend lines and a decent investor sees where to put SL.. It is not about gaining money sometimes..I am a newbie trader and started to gain money so good using similar strategy like him..I d also present some show on webinars like him not to only gain money, just to prove myself..he is already gaining money dont worry. because "his strategy is the right one"..I dont know him but this is what I think. but do you know what I think about you? you dont gain any money and you are wasting your time writing under this chart! I didnt wanna write anything today coz I made much much profits using only trendlines like him. But I just wanted to write this as I think he doesnt deserve your shit..
+1 Reply
nahidik PRO
6 months ago
News, news, news. Always effects small time frame trades. I think Anil's trade was about to take off until US employment news.
+1 Reply
SalahAwad4
6 months ago
you should always check the news calendar and set alarms for the major news like unemployment rate, and stop your trade until the news is over...you can't keep your trade while the news on!!!
+1 Reply
SalahAwad4 SalahAwad4
6 months ago
I always set my alarm of major news at every sunday and be prepared for the whole week news, otherwise you will lose your money if you can't follow the news, right?
+1 Reply
StevenMilward SalahAwad4
6 months ago
I am new to forex (relatively), what news would you recommend I set alarms for?
+1 Reply
SalahAwad4 StevenMilward
6 months ago
I'm not professional also but I'm able to catch all the major currencies news from forexfactory.com, i preffer if u you compare their major news with other websites news such as investory.com and fxstreet.com
+1 Reply
MagicGreen
6 months ago
Anil I have been checking out your ideas and most of them are great. When you are in the limelight jealousy is rife and also haters. Will take up your Seminar one day as I like your Wave Theory... keep up the good work :)
+1 Reply
simple_fxschool
6 months ago
early adp nfe result poorly which indicates d result for adp nfp today...every news trader know usd wud absolutely weak...we hold sell UJ from 111.400 til now jz let it run since it has broken an ascending broadening wedge on H4 frame...try to measure d length of d open wide wedge pattern mention, dat shall b d target til wat lvl UJ in bearish
+1 Reply
I think a lot of the YEN pairs might be entering a wedge sort of setup.. we have to watch this closely.... keep us posted, thanks, FF
+1 Reply
Anil does not give ''buy or sell signals, he gives market setups of ''IF & THEN'' probabilities...
It sounds like ''swolf00183'' lost some cash today by looking over some one else's shoulder- You probably learned it the hard way...Now the free-loading part is over...
Do your due diligence and protect your capital at any time, before you step into the ring...
+3 Reply
LeynadV
6 months ago
Anil, you are doing a very god job in the overall of your tradings, don't give attention to small people
+1 Reply
Ritchie_S
6 months ago
I would just like to say that Anil is a great trader and I have been watching some of his suggestions over the last few weeks and when someone calls it out wrong it don't make them a bad teacher, it just shows to the rest of us that this is a tough business to be in. with that said after seeing Anil's prediction yesterday it got me a little worried about the trade I had already made, I shorted at 109.650 after fib retracement back to 61.8, fib extension gave me a target of 107.252 (250 pips) I Have now decided to slide my s/l into £100 profit if it pulls back before hitting my next fib extension target way down at 105.5 which is a daily support level
+1 Reply
StevenMilward
6 months ago
We should go long soon, once the rebound is tested. Even if you've lost out, its still a great opportunity to make money.
+1 Reply
SSSR
6 months ago
America pressured Japan not just for the next week Japan will respond
+1 Reply
roadtogo
6 months ago
thanks anil..your strategy changed my style and made me make such profit today..I didnt see any of your webinar tho..
I see that it is important to apply your strategy without an ego..
ego is the enemy of a trader..

I got stop out on gbpusd on 1.4530 but it is the first time dont fuckin care

im in profit on gbpjpy using similar strategy like you

tnx alot
+1 Reply
Cutlass
6 months ago
How much lower are we expecting the Yen to fall until something picks it back up? It's at a very low position (although not at low as April this year) so it should be a good time to buy (unless it's going to fall even lower).

What can happen that will make it pick back up?
+1 Reply
Darkcode Cutlass
6 months ago
in my pov (point of view) :) @Anil or anyone please correct me if i wrongly use fib expansion and wave. your comment is highly appreciated
+2 Reply
Darkcode Darkcode
6 months ago
snapshot
+1 Reply
Cutlass Darkcode
6 months ago
This chart is for GBPJPY not USDJPY
+1 Reply
Bandarsq PRO
6 months ago
Minor Correction $2
+1 Reply
BjThorpe
6 months ago
When will this breakout occur? Like around what time specifically?
+1 Reply
mlbo BjThorpe
6 months ago
what day or what daytime? what are you asking for?
Reply
BjThorpe mlbo
6 months ago
Any information would help.. I'm in central time.. So basically I want to know around what time will this breakout for the buy occur?
Reply
mlbo BjThorpe
6 months ago
in my opponion it makes few or no sense to ask for a daytime. there are ways to calculate and carefully "forecast" time for change of trend using for example fibonacci time extentions. but like every technical analysis tool this works better and better the higher the timeframe is. using fibonacci time extentions on daily chart (1 day candles) you may be right in forefasting the trendchange down to +/- 1 day buuuuut you definitly need other price action observations on the days you spot as potential reversal days...

in addition you may wanna read something about london session breakout trading strategies....

your question suggests you know to little about trading. on the other hand the info i gave you above shows that your question is a reasonable question that can be asked ...
Reply
Sakakikunmakio
6 months ago
LOL WRONG...
+3 Reply
BOBThetrader
6 months ago
Thank you very much you are doing a great job
Reply
fxmoneycontrol
6 months ago
thank you for the update
Reply
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