Uj
USD/JPY - YES, Another quick Scalp for 10OANDA:USDJPY
A good start to the week.
Quick scalp for 10 hard pips TP, before it hit PWL (previous weeks low).
I tune out the nay sayers that scalping doesn't work, and that I should maximize the trade, which is actually a very smart and profitable strategy when executed properly with trade management.
But I do LOVE scalping and enjoying the rest of my day not being stressed, LOL.
Both techniques work, the key is Trade Management.
Trade well....
USD/JPY - That is itOANDA:USDJPY
A little action on the Non Farm Payroll
Stole 12 pips, as slippage gave me a little more love on top of my hard 10 pip TP, on a short before the new release.
Of course you might say, I should had held for larger TP's, maybe, maybe not, at least i'm not stressing if price action went against me if I were to aim for that larger TP, right?
Finger always on your stop order, in the ready position, don't have it any other way.
Trade Management
Trade Well
USD/JPY - Not This Time UJOANDA:USDJPY
Of course the DXY dollar index bias is to the downside, thanks to our friend Chair Powell.
And so comes USD/JPY to follow.
Took a short on pure price action, leading the indicators, and wanted that quick 10 pip scalp heading into the 8:30am est (UTC-5) mark.
Got a pump in my direction on both the DXY and the USD/JPY
Trade management
Trade smart
Trade well...
USD/JPY - NICE QUICKY SHORTOANDA:USDJPY
4 hours into the FX open start of the week, a bit into Asian session.
Nice quick and painless short for hard TP of 10 pips.
The quick push to the downside went beyond 10 pips and more, maybe a bit over 20 pip on the initial structure breakout to the downside.
But doesn't matter, hindsight is always 20/20 and I don't care.
I have to check my FOMO and GREED at the door.
Only way for me to survive this game we chose to play.
Trade well
USD/JPY - Last FridayOANDA:USDJPY
Last Fridays FX Sessions
Not bad for this pair for taking shorts.
I marked a few prime short entries on the 5m, and there were others as well.
I did not take an entry on this pair, but it was one of the top 2 pairs I filtered, to take a short.
Instead, I took one on the EUR/JPY.
Patience, and trade management.
Trade well
USDJPY - In for a short term correctionDollar is loosing steam this week after the huge push up we've seen recently,
Here we can see an ascending pennant, a textbook favorite, that is breaking down with a strong H2 engulfing making it look like it could go back to support
It's a counter trend trade, so we have to be carefull, and expect less
The ascending pennant is a reversal pattern when it breaks, so, price might want to go get some suport, in this case, it could be :
- A fib level
- the longer term trendline (the green one)
- the 135.00 psychological level
Let's see what the market will do with my coins!!
Cheers everyone and trade safe!!!
LONDON: USD/JPY B&R - MOMENTUMLondon has lined up some interesting break and retest setups. Decided to go with UJ because we already have a trade depending on USD weakness, now we can try to capitalize on JPY strength as well. 'Break and Retest' setup right out the playbook is active using momentum based entry. Lets see how it plays out