No, it´s a 10 range bar chart.
Below is a 5 range bar chart i used to take a trade this morning. Actually it´s my first trade which i did ride to (almost) other side of the channel.
At the time of entry, price was close to the bottom of the channel. I thought i saw an oppertunity for a countertrend but i guess i was wrong...
Perhaps i´m trying to hard to earn a bit of money and am forcing myself to trade when it´s not the right moment.
Sell YEN is a BAD IDEA, until the Japan Central Bank will not change interest rates.
Greetings from Diamante.
Yes, i´ll better follow the trend and leave countertrend for what it is until i´m comfortable with trend trading. But than i need to learn to wait and build some patience...
I used the yen cause before it moved a lot and i wanted to try the 5 range bar.
Yes, i'm enjoying my holidays, thank you.
EUR / JPY is typical for its strong movements, so remember to use larger stop loss and also try to look at the chart using 10 range bar.
If today you had followed the trend with EUR/JPY, you would have won a lot of money!
A hug to everyone.
I wish you all good trading
So faith, hope, love remain, these three; but the greatest of these is love. - 1 Corinthians 13:13
At the time of entry, price was close to the bottom of the channel. I thought i saw an oppertunity for a countertrend but i guess i was wrong... Perhaps i´m trying to hard to earn a bit of money and am forcing myself to trade when it´s not the right moment.
btw, this is an 5 range chart.
Enjoy your day
If you cannot count 3 waves down then you are probably not at the bottom
At the time of entry, price was close to the bottom of the channel. I thought i saw an oppertunity for a countertrend but i guess i was wrong... Perhaps i´m trying to hard to earn a bit of money and am forcing myself to trade when it´s not the right moment.
btw, this is an 5 range chart.
Enjoy your day
If you cannot count 3 waves down then you are probably not at the bottom
Thanks MO,
but can you explain for this rookie what you mean?
Can you show a chart of what you mean?
I like any input, teach me!
