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
Uj
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
UJI don't think I posted this updated idea. I also didn't take the trade, so because I didn't journal I didn't place an opportunity. Yet it is okay we learn and do better each and every time we open the charts.
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.
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
