It seems to be breaking to the upside, a break of 98.85 should signal a uptrend. lets hope. im long with a tight stoploss.

Yen Update (USDJPY, EURJPY, GBPJPY & AUDJPY)

Asian session usually goes into a downtrend, your trade should be good until then. Keep your eyes peeled when london begins. BTW, thats 120pips .... u mean 1200 pipettes

Yen Update (USDJPY, EURJPY, GBPJPY & AUDJPY)

Looks like theres gonna be a 250pip gap up on eurusd n eurjpy when the market starts this week. info in this link url

Yen Update (USDJPY, EURJPY, GBPJPY & AUDJPY)

Folks, My strong suggestion is to trade only after 7GMT and max around 20GMT. Enter the market with a certain goal in mind, like 20-40pips or whatever you need, then stop trading. Not trading in right sessions, over trading and not having a goal n ...

Tony's Two Candle trading system

USDJPY in some kind of an uptrend, it consolidates and suddenly breakout to a new higher level, again consolidates and breaks out to a new higher level. Currently at 96.50+ level, I'm looking forward to London session to see if it breaks to the ...

Yen Update (USDJPY, EURJPY, GBPJPY & AUDJPY)

Its just common sense myfriend, if buyers or sellers pushed a candle and the next candle starts to form bearish or bullish due to the previous buy/sell pressure, so you take a trade to make some instant 10-20pip gain. After that you need to either ...

Tony's Two Candle trading system

It only went up on London, after that it has been in consolidation till now.

Yen Update (USDJPY, EURJPY, GBPJPY & AUDJPY)

Ok Folks, I think every things explained and its quite simple. Ill have to leave to hunt down another 20 pips, call it a day and pour some fine whiskey for another happy trading day. Wish you all the best of the best, Sharing is caring and happy ...

Tony's Two Candle trading system

Lets take an example. candle 1 is a bear, candle 2 is a bull... so we wait to see if candle 3 forms into a bull by 5pips. Then we enter the trade and it should start moving rightaway, if it doesn't and starts to move 5-10 pips against you, thats a ...

Tony's Two Candle trading system

I trade only the usdjpy mostly with this, sometimes eurjpy. Haven't tried it on other pairs since their too volatile and would move 20-30 pip against me many times, which is too risky for me.

Tony's Two Candle trading system

Hey, have a look at the image. In that you can see a color coded system that shows the price action on a minute-by-minute basis, so you can know how good the trade is currently. You can also see the hourly candle inside the 1minute chart and i have ...

Tony's Two Candle trading system

Hey i have something to help you guys with price action on the minutely scale, just to keep you alert about whats happening inside the 1hour candle. copy .mq4 to experts/indicators folder extract and copy .tpl to templates folder restart metatrader ...

Tony's Two Candle trading system

Hi, The stoploss is just for protection purposes, in event the market suddenly turns a 100 pip against you, you could exit off with a limited loss. Ideally you should exit if the price moves 5-10 pips against you and accept the tiny loss instead of ...

Tony's Two Candle trading system

I have opened a dedicated usdjpy discussion here. Please feel free and your analytics are welcomed. url went long at 95.99 closed at 95.24 . 25pips gain. Just need to dig out another 20 pips and call it a day.

Tony's Two Candle trading system

Dude i understand your skepticism, Let me tell you something. Tell me whats better? 1. a dozen of lagging and lieing indicators and a system that keeps you exposed into the market (more exposure more risk) to make a 100 pips on speculation of ...

Tony's Two Candle trading system

here u go buddy, i think many will need this too.

Tony's Two Candle trading system

Wait for the second candle to go up by 5 pips at least. Here's a live trade Ive just taken for almost 20 pips again.

Tony's Two Candle trading system

Here's two trades i took yesterday in mid London session. Another example of how price action works best always.

Tony's Two Candle trading system

Heres an indicator to help you with that , with alerts. Thanks to Cja.

Tony's Two Candle trading system

if you want 99% win ratio, go with 10pip tp. if you want 80% win ratio, go with 20pip tp. anyways tp at close of second candle sometimes very rewarding, usually at start of London and new York sessions and news hours.

Tony's Two Candle trading system