JPY - The Yens

[immy]

work meeting via Teams and I missed an opportunity , it's sad.
limit order on box break would have been a trade
 




 

Stick to the Bananas ... Limit Order is NOT for this ... 
Master one entry method first then we can deal with the advanced one. Hope this makes sense. 

Based on your experience and knowledge, you should trade very mechanically for the first 6 months. 

In fact, my suggestion is this. I know its a change but I think it will do you good. 

Switch the BANANA template. Forget about the WAVE and the BOX. Follow the Banana 7 question flowchart. 

Always be looking for NEW Higher highs and then a pullback. Look for Tight Trading range, then a CLEAN clear breakout.

Learn the TTTPP or TTP TTTPPP TTPP pattern. 

this would do you GOOD 
 
 


 

I will stick to NEW Higher highs and then a pullback. Look for Tight Trading range, then a CLEAN clear breakout, and the the TTTPP or TTP TTTPPP TTPP patterns.
And I will use the 7 Questions Flowchart.
I have been in the Dashboard, and I just read that I am still stage 1, and should stick to mechanical trades and score 80% DS1's. So, that's what I will do.
 

 

https://itradeaims.net/the-disciplined-trader/
 

[immy]

The market was waiting for this FOMC all week and a few days more. 

WE finally got it. I saw a nice clean breakout on the USDJPY and then a WALTZ TPP Signal. Boom 5'er ... while asleep 

[immy]

H1/M5 after a NEWS Driven Trend Candle 

[immy]

This took 2orders .... 
First PO based on the DOT (seed)
then left it at same level for 2 then moved it to 3 because it was perfect.... 
first I was going with quarter risk, now at .5% risk. because signal was perfect 

 
 

[immy]

Did you?

[immy]

This took 2orders .... 
First PO based on the DOT (seed)
then left it at same level for 2 then moved it to 3 because it was perfect.... 
first I was going with quarter risk, now at .5% risk. because signal was perfect 

 
 

 

Went upto 3R in my favour, Moved SL to 1R at the close of the candle and then it hit 1R so, the trade result was 1R. Pretty normal, as expected. 
 

[Minsk]

Did you?

Yes I did!
it was a beautiful setup

[immy]

The entry is not bad. I did not take it due to being late in the wave but if you're in, here is my analysis 

 

[Minsk]

you took it, I should have too, but filtered it , red news
nice profit Immy, did 3R for sure

[immy]

you took it, I should have too, but filtered it , red news
nice profit Immy, did 3R for sure

 

No, the post was about WHY I did not take it. 

IT would have been a BE based on my chart.