AIMS Stress Free Trading - Community Forum

waiting for banana signal. 
there is the level at ATH, need to look if there is enough room for R:R between entry and ATH level maybe? 

small seed of 15 pips there now
but level to the left does not give enough room to put a PO in.
SL to BE would be above that level. I want to see a break of the level first.
I might be missing this move, but I am in GBP-USD, so 1 trade at the time as in trading plan

Minsk wrote: ↑29 Jun 2022, 13:05 small seed of 15 pips there now
but level to the left does not give enough room to put a PO in.
SL to BE would be above that level. I want to see a break of the level first.
I might be missing this move, but I am in GBP-USD, so 1 trade at the time as in trading plan

 

that was something I was waiting for ... 

immy wrote: ↑29 Jun 2022, 14:29

Minsk wrote: ↑29 Jun 2022, 13:05 small seed of 15 pips there now
but level to the left does not give enough room to put a PO in.
SL to BE would be above that level. I want to see a break of the level first.
I might be missing this move, but I am in GBP-USD, so 1 trade at the time as in trading plan


 

that was something I was waiting for ... 

 

@Immy you have a great trade running there.

I am looking at both USD-JPY and GBP-USD.
The USD-JPY goes up nicely. GBP-USD does not move nicely down at all.
Did I make a mistake not taking this UJ trade? Should I have waited for this and put a PO on the "break the level" price , not wanting a banana signal after the break of the level?
 

Minsk wrote: ↑29 Jun 2022, 14:34

immy wrote: ↑29 Jun 2022, 14:29

Minsk wrote: ↑29 Jun 2022, 13:05 small seed of 15 pips there now
but level to the left does not give enough room to put a PO in.
SL to BE would be above that level. I want to see a break of the level first.
I might be missing this move, but I am in GBP-USD, so 1 trade at the time as in trading plan




 

that was something I was waiting for ... 



 

@Immy you have a great trade running there.

I am looking at both USD-JPY and GBP-USD.
The USD-JPY goes up nicely. GBP-USD does not move nicely down at all.
Did I make a mistake not taking this UJ trade? Should I have waited for this and put a PO on the "break the level" price , not wanting a banana signal after the break of the level?
 


 

Keep doing what you're doing. You're learning good stuff. 

The USDJPY was a break and retest, the level to the left was of NO CONCERN to me, (the one that you identified - too far in the past). The daily up trend is resuming, levels don't matter. Levels matter when its a TR or a micro TR on d1. 

ps: Definition of a Support or Resistance = At least 2 touches = confirmed support or resistance. If there is only one level that is potential support, not yet confirmed. 
 

USDJPY 
 

immy wrote: ↑04 Jul 2022, 09:28 USDJPY 
 



 

 
 
 

It looks like the dollar-yen consolidation at the all-time highs is going to continue a bit further ... 
We might see some trading range activity but I don't trade inside trading ranges so I'm not HOT on UJ. 

 

immy wrote: ↑10 Jul 2022, 17:53 It looks like the dollar-yen consolidation at the all-time highs is going to continue a bit further ... 
We might see some trading range activity but I don't trade inside trading ranges so I'm not HOT on UJ. 

 


 

It looks like the longs on the USD/JPY (dollar-yen) have continued... as per the forecast.
The pullback this morning was good but it was a double-legged pullback which I did not take it. Plus I was at the gym. 

I had then setup a limit buy on the seed but it seems to have run away without touching it. 

ps: minsk, look for the HOT pair on the "month" and Hot pair (especially) on the day. The EU and GU were sideways, The UJ was HOT... 

It is the 3rd Pullback 

How?