UJWaited for the retest but it's not going as high as I anticipated. I will set out a sell stop but still be watching, also enough room to breathe with my SL.
We had a break of structure, slightly impulsively.
Uj
USD/JPY - Long slow NY morningOANDA:USDJPY
I'm in a New York frame of mind.
Waited and waited, then triggered.
25 minutes for 15pip TP to get hit.
Broke below previous weeks high (not sure if that means anything, LOL).
Wanted the next round number below, but decided to set my TP to "my" round number of 15pips
Trade well
NY: USDJPY REVERSAL - MOMENTUMNY seems to have taken a bias to a weak dollar and this falls in line with our reversal setup using momentum for UJ
USD/JPY - Per my Rules Unfortunately OANDA:USDJPY
Since session opening, to start the new FX week, 2 scalp entries, and 2 winners.
Unfortunately, per my personal rules, I can only take entries during the London and NY sessions.
Oh well, discipline, right?
Trade well...
USD/JPY - I tried for a quickyOANDA:USDJPY
Took a shit a short few minutes ago once spreads tightened up a bit.
Wanted quick 10 pips hard TP, got to 9 pips and reversed for stop out BE, oh well.
We wait again...
Trade Well
GBP JPY - To Test ResistanceWe saw GJ falling of the rising wedge. It continued the upward direction after the BOJ new governor "Un-Impressive speech" . I think GJ will test the resistance and fall back. JPY is currently fundamentally driven and like the Gold , it has not pivot the upcoming interest rate hikes. Interest rate differential is driving the JPY pairs. Any Murmuring on the interest rates can drive JPY crazy on Tuesday Ueda speaking. I will seek any short opportunity.
I will go by the technical which says sell from the resistances.
Do comment on the idea and odds.
Cheers
UJStill holding, still running. So we keep it going and stay watching whether we double up or double down on the current trades.
UJI could be blind while seeing this, I'm seeing a failed level to break (Twice). I am also seeing a channel forming. Yet the probability could be a reversal channel and we could see a break upwards
ASIA UJ EXT ON REJECTIONUJ has tested round level of previous structure nicely which happens to coincide with our fib ext playbook setup using rejection candle as entry
NY UJ 618 LIMIT ATRLet’s see if this relative 618 level holds as it is also backed by structure it is usually one of my most consistent setups. If it doesn’t and price continues uptrend the next best place to enter would be the bigger 618 from the very bottom of the consolidation
ASIA UJ BO ON MOMENTUM ATRBreak out setup conditions met with ATR being used as our SL for a 1:2 trade
USD/JPY - Trade what you see?Friday, and the start of a 3 day weekend holiday here in the states.
Took a pull-back short scalp for hard 20 pips TP, during London/NewYork overlap.
Trade what you see, right?
I'll post more soon,
Trade well
UJGood thing SL was in profit, so we didn't donate back. Tomorrow is another day but close of market so we will trade with caution and with a plan. Goodnight
NY UJ 618 LIMIT ATRThere it is so price has pushed down towards the bigger 618 from the very bottom of the consolidation and we must add and entry here so that if price is going to follow through on the uptrend we can capitalize using a solid setup
UJWe broke out impulsively and we took it very early, now we going to hold but move SL into profits. We do not run a charity here and we are responsible finance managers.
UJI am anticipating this.
We come from a bullish trend, we now have a bearish small channel forming (Reversal). This indicates that we are in a bull channel and that after accumulation (Demand) has been placed, Volatility (Supply) will be fulfilled impulsively. That's where we either wait for the break and retest or enter early and hold (Higher risk but higher reward).
USD/JPY Range ShortBanks average Target @ ~130.80, lowest Target @ 128 - Small Exp above @ 134.54 - Scalp both Directions with a bearish Tendency. Still no Swings here!
LONDON UJ REVERSAL ATRPrice has stalled at a valuable structure and qualified for our REVERSAL playbook setup on MOMENTUM
Lets see if we can capitalize on a quick correction for our second London trade.
Probability of success: 50%
ASIA UJ 618 LIMIT ATRLast call for UJ shorts going once, going twice...
Playbook Setup: 618 Sell Limit Active
Probability of Success: 50%
Last entry for Asia session and it lines up with our bias from prior playbook setups (although we try to treat each and every opportunity independent of other ones).
KEY POINTS
- Maximum risk exposure met(3R) for ASIA so we will set SL and TP orders and check back in during London.
- Be aware as a trader and risk manager that this is a game of probabilities and there is a very real probability that when we check back in during London, we may be down 3R if all trades go to shiiiiish... In this instance, the worst-case scenario is accepted (psychologically) so therefore we have entered the last position of the night and will be clocking out as soon as this idea is posted
Our job here is done, the rest is on the market. May the odds be ever in your favor
ASIA UJ BOBBI ON REJECTIONUSDJPY looks to be lining up one of our favorite playbook setups (BOBBI) by faking the break up before potentially swinging lower for a short term reversal. If the odds are in our favor we should at least bag us twice our risk, and maybe not much more, as the big picture suggest presence of a bullish trend
Probability of success 50%
