Read everyone's trading journals on FF. May be able to learn something.

I blew my account today!

Fade a move url Knowing where exactly to short, is not an exact science. One should avoid turning it into another martingale short trade. A few strategies can go about this: Know what is the top price that you will short more. In this documented ...

My Trade Ideas and Observations

Price is now a few distance away from next resistance @ 79.294. Get ready to short or fade the move if one wishes (opinion) until 80.3. Need a few brave souls... image

NZD/JPY

Steady Growth is good. Slow and steady.

Steady Growth Journal

Reaching 79.291 (coming resistance) for a good short is highly probable within this week. If this resistance is broken, it will move up, but this entire mega trend is still bearish. Traders will more likely fade the move from 79.291 to 80.3++ (i.e. ...

NZD/JPY

Fails to break through the support @ 78.621 as of now. May have another bullish pullback, before attempting to punch through the support again. Bullish momentum has been reduced. Set your breakeven for those with bearish moves. Next resistance: ...

NZD/JPY

Counted 4 retests now on support @ 78.618

NZD/JPY

Bullish momentum has dropped into short term bearish. And now testing the support at 78.618 image

NZD/JPY

Price should not go beyond the top bearish mega channel on Weekly chart. Intersection price at 80.30 .. (Not exact science) after cutting thru the central region (mean) of the prices. The longer the delay, the lower the top price. Expect maximum ...

NZD/JPY

What happens when the market begins to do heavy shorting on a bullish looking currency pair? Does the price really go down immediately? No, it will more likely equalize into equilibrium and go into distribution zone for a long period. So even though ...

My Trade Ideas and Observations

Once the market is aware NJ is now the bullish mountain, people will attempt to short it down when price is high enough for them. Price is now converging at the higher resistance and the intersection of 2 bullish channels, which is actually another ...

NZD/JPY

Projected short region for NJ chart on H4 timeframe. Somewhere around 79.578 is a good place to short as well, if you want to wait until after 79.292. image

NZD/JPY

We are coming to 79.292 which is the next resistance on H1 time frame. Be ready to short it when it fails the test there. Expect heavy market activity at this region. image

NZD/JPY

This is H4 time frame. As can see here, the price has reached the resistance at 78.612 Possible short from here or the next resistance @ 79.294 Still a rising wedge. image

NZD/JPY

This article proves that smart people are not always the best investors. Have a good read. url Disclaimer: I have no affiliation with GYC. They seems to like index funds very much.

My Trade Ideas and Observations

There was a dip into the support at 77.704 just before market closed. A bullish pullback might occur next week before finally breaking through support. image

NZD/JPY

Price has rejected several times (counted 6 times) off support at 77.704, but high likely price will drop any day soon next week. Bullish momentum seems to be weaken. Good shorts will still be at 78.615 and 79.283 which are higher resistances. ...

NZD/JPY

Trading rising wedges Documented these 2 posts today: url url Trend is inherently bullish. Regardless of the type (reversal or continuation), rising wedges are bearish (reference). It is impossible for rising wedges to last forever. It will ...

My Trade Ideas and Observations

It will fly bullish first, then wait to short below the bottom of the channel. I believe a good price to short is around 78.615 and 79.283 which are higher resistances. You can scalp bullish if you wish, but short term wise, will be bearish once ...

NZD/JPY