So, I lost in this trade while I was on my way home, and I decided to drop by the grocery store as well. I only had a glimpse of the chart (like 2mins staring at it) when I was in the bus. Obviously, I lost this trade due to lack of analysis. I promise, I wont do this again. If I ever do this again, I wont eat meat for 1 week. *I am documenting it here cos it...
I think GJ might retest on its support this week. Golden week started in Japan, so lots of holidays this week. I am started forex 2 months ago, so I would love to see and learn how this will affect the volatility of GJ. I am planning on fixing my trading schedule between London open and New York open. only 1-2 trades per day. Goal: 3% risk: 1.5%
Waiting for another price exhaustion signal.
I have observed that AUD pairs most of the time range, and after that range, a very big move happens. I am still testing AUD pairs in my demo account. And I am keeping my sl very tight,
Just trying out scalping. Entry: 132.816 SL: 132.881 TP: 132.683
just trying to understand the movements of uj and I hope to trade this currency in asian session in the future.
I am expecting gj to retest the 132.5 support. Will base my trade today if gj reaches that point. I am having doubt if it will respect the 4hr mini support it created.
based on the 4hr timeframe, I am expecting gj to continue going short today until 131.3. will watch the price if it breaks the resistance 132.500, then there is a possibility that the price will go up until 133.2.
trying out different currencies in my demo account to understand its movements and probably try in my live account after some time.