GU SL hit. No more trades. Enough for today.

Real Trading

GU Long again with a tight stop.

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Pls refer to my post Nr 7220 for instructions how to construct the square.

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Yes, and I tend to use 90 pip ADR as average these days

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Yes, correct. The 2:1 trendline (represents price speed of 2 units of price to 1 unit of time) is almost as powerful as the red line ( 45 degree equilibrium) and if the move is powerful enough it would go through. If the move is not so strong, then ...

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GU All longs closed before TP. The black trendline always acts a a support / resistance and I expect a pullback Might re-enter long again if and when it happens

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GU SL moved a bit higher. Target looks hopeful and remains the same at 1.3680/85.

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GU Long entry, expecting 1.3612 (the 135 degree level) to act as support and to take GU up, higher. TP 1.3680-1.3685

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If you can't beat them, join them

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SL on longs hit again. Longs are no good. Enough for today.

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Well said! Story of my life...

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Trying long again at 50% of the current monthly range. Last long attempt for today.

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post cancelled. wrong thread to post

USD/JPY Discussion

SL hit, 10 pip loss, waiting to enter long again

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GU Long entry at 1.3618 and pending buy orders, expecting a reversal at 90 degrees of the 1000 pts square -1.3612 (usually a very strong support or resistance point, depending on the move), targeting 1.3675. Tight 10 pip stop just below the support ...

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All shorts are closed, looking for a long entry now.

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Because he and Mr. Burger just want to ruin my short trade

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Morning all, GU She has to finish the 90 degree move between 1.3737 and 1.3612. So, 1.3612 to visit first before a bounce up IMO.. Resistance 1.3737-1.3612 (support) = 125 pip range. 50% of 125 = 62.5. 1.3612 + 62.5 pip = 1.3674.5. 1.3675 would be ...

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Indeed, I was so carried away with my shorts that I completely forgot to check the calendar. Shows you how a good trade could blur your mind and you start ignoring important events.

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I've just realised that... Good job that someone is looking at the calendar. Thanks!!

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