Trader_Indrajith

Trader_Indrajith

As seen from my previous analysis, The last and final Weekly Virgin CPR on the upside was touched and price started to fall down as there were no Virgin CPR to be touched. Now Sells have started and we can expect the downside Virgin CPRs to be touched. We also can see how the Sellers and Buyers were taken out and now non commercial Sellers have taken control over...

Trader_Indrajith

As analyzed, Gold has now tapped our Weekly Virgin CPR zone finally. Now there are no more Virgin CPR zones in the levels above 1957-1962. Now we have to see Gold moving to the Downside for the coming month. I have marked the Virgin CPR zones which has to be tested before moving up. As of latest COT report, Hedge funds and non commercial traders are still long...

Trader_Indrajith

As expected, Gold has now touched the Daily Virgin CPR zone @1940-1942 level. I expected a move from 1922 level but Gold sis a deep retracement at 1912 level and shot back up to our expected Virgin CPR zone. We still have one last Weekly Virgin CPR zone yet to be tested @1956-1960 level. Once that gets tested we can start to looks for sells to downside Virgin...

Trader_Indrajith Updated 

As shown on the previous analysis, Gold respected the Range @1922 price level and is now making its way to the Top Virgin CPR level @1940. If you wanna see the previous analysis, do checkout my Tradingview profile for more info. As of now...I have placed the trade on BE. I appreciate the fellow traders who would have followed my trade analysis and have taken...

Trader_Indrajith

As I said on my previous Ideas, Gold is now making its way to the top CPR zone @1940-1945 area. Gold broke the Daily highs with yesterday's candle and now with a retracement we can expect a move to the Top Virgin CPR zone that is yet to be mitigated. Also Note that there is a Weekly Virgin CPR zone at price level @1960, but for now let's focus on this current...

Trader_Indrajith Updated 

As I explained on my previous analysis, Gold will have to come down to test my Virgin CPR (Central Pivot Range) Zones below. But the weekly closed very Bullish and I see that there is a weekly CPR zone on the upside @1955-1960 level and Daily CPR zone @1930-1940 level. I believe that Gold is still not ready to come down to test the bottom zones. It looks like...

Trader_Indrajith

We have now seen an extended upside move on Gold. Hence we can expect a Retracement to downside soon anytime. I have marked my zones based on Virgin CPR and I am 100% sure that these marked zones will be tested as the market moves. There is also a Virgin CPR @1930-1940 price levels. Scenario 1: The reversal can happen from 1908 and test my nearest below levels...

Trader_Indrajith

Even though gold has great potential to go below 1690. I am gonna tp at 1690. Any one with me on the sell here..!!

Trader_Indrajith

The previous trade has been closed securing 145+ pips on the down move. Now we wait for the sellers to come back in to the market. As thus is a monthly closing time, we see little bit of buying pressure. But still I believe that UJ is on Sell trend based on COT and other fundamental data. Will keep posted while I get a valid re-entry for the sell.

Trader_Indrajith

Hello traders...my short position on UJ is still running for past 5 days and I have been trailing my SL to catch the maximum pips the market can give me. Yesterday I thought I would be taken out of the trade, but the sellers are still strong and now running at 220+ pips of profit. My SL is at 140 pips away from entry. Comment your thoughts.

Trader_Indrajith

Yesterday I posted a post on UJ where I placed my SL 140 pips away from the entry. Let us see how this plays out today. Will I be taken out of trade or will I continue my move to the downside. Please share your comments. :)

Trader_Indrajith

Morning traders...I have now modified the SL securing 140 pips of profit and current trade is floating with profit of more than 200+ pips..!! I think if trend reverses, I will exit with 150 pips at least. I have just given a 10 pip extra room for price to move. :D :D

Trader_Indrajith

Hi Guys...I have now modified the SL securing 90 pips of profit and current trade is floating with profit of more than 220 pips..!! :D :D

Trader_Indrajith

My SL is still intact with 65 pips secured and trade is running with 165+ pips profit.

Trader_Indrajith

I have moved my Stop from 40 pips to 65 pips @128.348. So if I get stopped out, I secure 65 pips and now currently running at 125+ pips profit. Will update my next stop move.

Trader_Indrajith Updated 

Check out my previous idea on the UJ Sell trade. I have now moved my SL 40 pips below from the entry now, by which I will secure 40 pips from this trade if I get stopped out. But I guess I won't get stopped out of trade and I can pull out the maximum pips the market can give on the down side move now. Please re-enter at your own risk and use your confirmation...

Trader_Indrajith

This is my own way of analysis, trade entry and strategy. Use proper money management and trade with proper lot size. I usually trail my SL to maximum of 1:2 or 1:3 RR and sometimes more. But if you wanna follow the idea, I suggest you to go with 1:1.5 RR. Please leave your comments for USDJPY.

Trader_Indrajith

This is my own way of analysis, trade entry and strategy. Use proper money management and trade with proper lot size. I usually trail my SL to maximum of 1:2 or 1:3 RR. But if you wanna follow the idea, I suggest you to go with 1:1.5 RR. Please leave your comments for GBPUSD FX:GBPUSD .