My previous long on USDJPY was stopped out on today's spike down. However the price retreated again higher, found strong support and formed a hammer candle with a major lower shadow..The USD continues to show renewed buying demand across the board. I have to admit, It's mentally hard to re-enter on the same pair after being stopped out. However, challenging your emotions for what you see is necessary to remain on top shape as a trader..
Wish me luck on this one, wasn't an attractive week.
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Trading Criteria: 1.Trades are taken in two units 2.First unit would be closed at first target 3.Stop loss is then moved to break-even 4.Second unit would be closed at second target Notes: 5) If 90 percent of first target is reached without triggering entry I cancel the trade 6) If 90 percent of first target is reached I move stop loss to breakeven. 7) Remember: Losing is a main part of the game ------------------------------------------------------------------------------------------------------------------------------------------------------------ twitter.com/thefxchannel facebook.com/thefxchannel plus.google.com/+Thefxchannel0 My best regards Technician
Commenti
IvanLabrie
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I think going long USDJPY is a bold move...good luck!
riskfirst
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Good luck, I will be long after 50 and 200 on 4h, if PA
lazy.crown2
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goodday technician! i just want to ask how to set 50day sma?
CryptoPAMM
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I am with you on this, looking bullish now after I was kicked out of my other jpy shorts tradingview.com/v/JYuAbSbs/
Wht can i do? Pleaee advice me buy or sell, i was sell 3pip 118.74?
Realisto_FX
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Technician is long , however I´m short . If you are in the short side, place the stop @ 119.51 and see what happens. If you can´t sleep well because of this position, you are using a big lot size. Trade small .
Hope it helps
Realisto_FX
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Another view to adjust stops, it looks like a bearish pattern forming
note.natrong
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Hi Technician, Could you please explain the rejection between your graph and my graph. I think my graph still rejection with SMA 50 because the previous forth candle was rejection but then the three candle make me not sure the rejection.