Find which way the market is moving and trade with it..
Had some drawdown on the first trade, which was my "testing the water" trade (10 lots) so it was ok to hold it out. tp both positions at green line +8.2%. After it broke the line went short at 129.70 for a quick +1.8%
Maybe some consolidation then a continuation upward? We'll see.
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- monolisa
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Good trade, pierre23.
Looks like GBPJPY just went thru a channel of no resistance (or stops) - 40 pips. More to come??
Lis
Looks like GBPJPY just went thru a channel of no resistance (or stops) - 40 pips. More to come??
Lis
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"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
monolisa wrote:Good trade, pierre23.
Looks like GBPJPY just went thru a channel of no resistance (or stops) - 40 pips. More to come??
Lis
Thank you. wow funky chart you have there lol does the green/red shading mean anything in regard to s/r levels or is it just there for show?
"- 40 pips. More to come??" -- I take it that you're +40pips up? Boy the gbpjpy really moves hey.. the spread is nothing if you can catch a good breakout.
- monolisa
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Hi pierre23,
The shadings are price density lines. Red = High density, Green = Low density.
Lis
The shadings are price density lines. Red = High density, Green = Low density.
Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
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pierre23 wrote:Find which way the market is moving and trade with it..
Had some drawdown on the first trade, which was my "testing the water" trade (10 lots) so it was ok to hold it out. tp both positions at green line +8.2%. After it broke the line went short at 129.70 for a quick +1.8%
Maybe some consolidation then a continuation upward? We'll see.
basically the same trade
and then these
good trading es.
we had the same idea with the first trade; you got in at a much better price though
same short target too (EJ). I entered another position at 128.90 with a "super sized" position for 10pips.
thats me for today.
just a question; is Broco Trader you're broker or are you just using their charting?
we had the same idea with the first trade; you got in at a much better price though
same short target too (EJ). I entered another position at 128.90 with a "super sized" position for 10pips.
thats me for today.
just a question; is Broco Trader you're broker or are you just using their charting?
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