ASCTrend system - page 16
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We may keep the order on USDCJF longer but I think it is ok for M5 timeframe already.
Of course it should be "fully" exit. I mean the price should cross the red line of PT indicator on close (or next) bar.
Some people may say that I exit too early for USDCHF because it is about +90 pips now.
But I am trading with very low risk.
Look at the image: exit is coming right now.
Just coming.
It means "not yet" but" it's coming ..."
And the same situation with EURUSD, USDJPY and especially with GBPUSD. It's coming. Not now. But it will be. Soon.
People who are trading on correction of the price movement may get some profit.
Of coure not now.
Yesterday was very risky but very good day: almost about +200 pips.
But we traded USDCHF only: it was +68 pips for us.
Today is correctional trend: EURUSD, USDCHF and GBPUSD got asctrend signals and moving very slowly. Those signals were outside of our trading hours sorry.
It was good buy on USDJPY today but it was against all oscillators (Stochastic indicators) so it is very risky to open buy on USDJPY. And those signals on EURUSD, USDCHF and GBPUSD today morning were against stochastics as well.
Just hope that price will start some corectional trend.
Something is going on on all 4 pairs. But it is the rend according to the signals which was early in the morning. It is outside our trading hours:
- GBPUSD is on the first profit target now (with some ood profit);
- USDCHF is on second profit target with some profit;
- EURUSD just met the first target with the prifit below +10 pips (+3 or +5 now).
But I want to say once again: It was the signals today early morning (at 2am for example). Because all the pairs finished with correctional trend yesterday in the evening (with some few pips in profit - but i slept sorry) and tried to continue the yesterday's trend. That's all.
When i am typing this message i see the following:
- GBPUSD. Order open time - about 3 am. Not the price is going to the 4th profit target. Good profit now.
- USDCHF and EURUSD. The same with GBPUSD but USDCHF is going to the 3rd profit target (about +20 pips) and EURUSD is to the 2nd now.
- USDJPY just met 1st target wth +7 pips in profit - about +3 excluding spread).
But it is very risky because it is against all the oscillators (Stochastic indicators).
Seems today is non-trading day for me
I want to understand why I can not trade now.
Look at Ichimoku templates. Images attached.
You may see that GBPUSD is just came to non-trading zone (non-trading zone is not my term. it is asctrend system's term).
And USDJPY came to non-trading zone (NTZ) in mid-night.
The same situation with EURUSD and USDCHF.
On one of the image attached I described why NTZ and when and so on.
I want to say that it is not reversal even. Reversal did not come yet. It is simple NTZ.
That is why we are not trading.
So I have explanation for myself and for all of you.
We may relax
Just got +2 pips on USDJPY. Today is not trading day for this system. may be it will be changed ... who knows...
1535868 2006.10.20 08:27 sell 0.20 usdjpy 118.28 0.00 0.00 2006.10.20 12:56 118.32 0.00 0.00 0.00 -6.76
1535899 2006.10.20 08:36 buy 0.20 gbpusd 1.8778 0.0000 0.0000 2006.10.20 13:00 1.8800 0.00 0.00 0.00 44.00
1555008 2006.10.24 09:30 buy 0.20 usdjpy 119.55 0.00 0.00 2006.10.24 13:41 119.57 0.00 0.00 0.00 3.35It was the signals on EURUSD, USDCHF and GBPUSD. It was veru clear signal on USDCHF.
BTW it was very risky traders. Very risky.
The price came to pivot line trying to cross it.
See the images from info template.