1. HH HL Structure on LTF
2. Multiple rejection of 1777.222 level the past week
3. Break of trend-line
4. Break and retest of sub-minor support as seen on yellow zone
5. 4h strong bullish candle, hinting shifts in market sentiment
Confirmation Candle: Bullish Engulfing
Stop Loss: 30m Moving Average crossover + below sub-minor support highlighted in yellow.
USDJPY has been moving in a sideways manner in the mid term. With what it is showing, it seems the buyers are having a hard time breaking 110.2 price area. Thus, a minor pullback could be expected to the 109.7 - 109.5 price area before making a strong movement upwards. Price also made a short term double top reversal pattern along with a short term pullback,...
theres a couple things that i learned from the past month of trading.
i first started to journal around December and my trading changed drastically.
a couple of lessons that i learned were
- trust your analysis. : you need to love your ideas, you need to love your mind. fuck what other people say. you see things differently than other people. THERE IS NO RIGHT...
I will like you to read the post to the end because the previous trading sessions of trading reflects unstable times and I will like to give you confidence as you trade in these times.
Let me jump into moving averages (MA) in this time of uncertainty. Markets are up 500 points, down 500 points, up 1000 points and down 1000 points. This is for those who trade...
This will be a 2 week log/Journal for my GJ trads. lets try and long/short till-------- 147(Long target)
Close below 146.72 Execute short for local support(Friday low.)
Retest around last weeks low for clear double bottom and upside potential long.
The impulse move to the upside seems to be losing power, a breakout of the near support could see a run down to the longer period trend line support.
Waiting for the break,
Trading Journal Only please use your own tested strategies and good money management.
Testing a Strategy Shoot and Run ®. (2nd week)
Tested last week with some success, here on TV Demo account, i have decided to keep testing it and to share the strategy this next week, this will allow me to create a "journal" of this trades to study.
I enjoyed last week, I hope to create interest in some of you, who are in the learning process like me, and...