JPY - The Yens

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AIMS
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Break and Retest on GJ

Unread post by AIMS »

Today, the best signal was on the GBP/JPY . Clear impulse wave, that is wave 3 followed by a full day of wave 4 (trading range) and todya, it broke out, broke hte high of the range, the previous swing that, i.e. w3 peak, and then retested it with a B signal. I wish I was watching this pair. 

 
 
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

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AIMS
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Posts: 9649
Joined: Mon Nov 22, 2010 4:46 pm
12

USDJPY - Mistake

Unread post by AIMS »

I should have taken this signal yesterday but for some reason I looked at GJ and took a nice juicy rent on that one while I saw UJ going up. What a stupid thing to do. 

Missed this on the thought that "a spike down may happen soon". In retrospect it is a mistake. Yes, based on TM it would have kicked me out at 2R but its not about that its about following your trade plan. and having said that, 2R is 2R. They all add up. 


 
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

User avatar
AIMS
Founder
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Posts: 9649
Joined: Mon Nov 22, 2010 4:46 pm
12

Re: JPY - The Yens

Unread post by AIMS »

Breakeven Trade on UJ 

I knew it had travelled alot. Sam caught a 10K trade short... earlier... this one was late and was close to those clear support levels to the lef.t 

 
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".