USD/JPY - I Tried before Fed MeetingOANDA:USDJPY
Tried for a scalp to the short side ahead of Fed Meeting, didn't work out, stopped put at +1pip
Now I can wait in line and buy some fancy coffee.
Trade management is key.
Trade smart
Trade well
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....
ASIA: USDJPY LIBRA / H&S - REJECTIONUJ has made our Libra / Head & Shoulders pattern and rejected from base of right shoulder multiple times. Lets see if JPY is ready to show some weakness yet
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
20230310 Short UJShort UJ 10R.
Wait for the retracement in the haft of 3 previous candles in 15min timeframe.
Vol should not be less than the previous/last candle.
Target 10R. TP line
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...
usdjpy so bullishwe are above that trendline again. there is so much open room to the upside. big pa incoming.
USD/JPY - I Tried To PlayOANDA:USDJPY
Took a short during this odd low volume time of day.
Moved SL very VERY tight to +0.5pips.
SL hit, and I'm out safe.
That was fun.
Trade management
Trade smart
Trade well
USD/JPY - Toy StoreOANDA:USDJPY
I was watching this short somewhat as I was cleaning up my templates.
Didn't take it.
It's like I'm looking through the window of a toy store from the outside.
Can't play with the other kids on this one.
LOL
USD/JPY - 1 for 2OANDA:USDJPY
Tried for a short, right direction, wrong time.
Stopped out, they got me, stop hunted, LOL
Oh well, we get back in when all is clear, this time, hard 20pip TP
So trade management really is the key.
Ended up safe and made a little bit.
Onto the next
Trade well
LONDON: USD/JPY 618 LIMIT - ATR SLLondon started with fireworks and despite the quick movement we entered a quick limit order at the 618 fib retracement of UJ using our ATR SL placement. It got hit and is moving quick! lets see if it continues
USD/JPY - Tried for 10pips Short - FAILOANDA:USDJPY
Tried for 10pips hard TP with TIGHT stop loss, went half way but chopped around and hit my SL at +0.5 pip
Oh well, what am I gonna do?
Wait for the next one
Trade well
USD/JPY - YES, got my Short ScalpOANDA:USDJPY
Held-on with the bearish DXY this NYSE opening.
Trade well....
UJDouble Bottom on the larger time frames, so we could be expecting it to shoot up and complete the full channel. For now we will just watch and wait while the market plays out how it wants throughout the week.
LONDON: USD/JPY BO/B&R - MOMENTUMSetup for B&R was identified a bit late, but in correlation with current market strength, we were able to also identify a BreakOut setup also presented. Entry caught a bit slippage but 1:2RR should still be able to hit. Lets find out
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
NY: USD/JPY 618/BO - MOMENTUMUJ has reacted nicely off 618 fib and we can take the trade using momentum breakout setup for at least 2R. Lets see how NY plays out
UJThis was beautiful and there is no way you should have given this back. SL was moved into profits but manually closed because I was going to have a hectic day. Only updating now but this was a beautiful entry, beautiful RR and amazing trade. On to the next one.
ASIA: USD/JPY REVERSAL - MOMENTUM/REJECTIONAsia has setup a nice reversal trade strait out the playbook and provided us with double confirmation on entry. Let’s see if we can at least a 2R out of this one
USD/JPY - Should had taken this scalpOANDA:USDJPY
The trade I SHOULD had taken, instead of playing around with the EUR/USD.
Hind sight always 20/20 right?
Not chasing anything today, days over.
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
