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My Trade Today - USDJPY
Today I SHORT USDJPY and made a gain of 31 pips. I was staying aside yesterday.
Take a look at GET and you will see a picture of contradictions. The Original setting is showing an ABC, whilst there were 2 others that were showing a Wave 3 Up, and another showing it is in a Downward Trend.
What was the reason for shorting this pair???
Attached is the doc file showing details of the trade.
JoeIt was a good thing I closed the USDJPY trade, as at the time of posting now, the situation has reversed and the pair is now UP at 90.38; then I would have incurred a loss.
If you are a day-trader, when you hit your TP, close the trade especially since you are trading against the MAJOR trend.
Joe
great to see that
good post. But where is the attachment for GET signals?
I see the attachment. Looking for someone to interpret this GET signal and give us trading signal..
i prefer to sell the eurusd and exit at around 1.3700.
and will not trade those usdxxx in the short term period.
just my stubid ideal !
Carlo
4 hours have passed since the opening of the Pacific market, and I am NOT seeing the type of chart formations that warrant my trading in any particular currency pair from my portfolio of 5 pairs.
Even EURUSD is NOT moving fast enough as per our discussion yesterday. So for the moment I am not doing any trades on it.
On the other hand, EURJPY and USDJPY has some action but still the price action has not picked up the type of speed that I like to see. But they should be monitored closely for any trading opportunity.
As a Day Trader, Momentum is an important factor.
Good Trading
Joe
4 hours have passed since the opening of the Pacific market, and I am NOT seeing the type of chart formations that warrant my trading in any particular currency pair from my portfolio of 5 pairs.
Even EURUSD is NOT moving fast enough as per our discussion yesterday. So for the moment I am not doing any trades on it.
On the other hand, EURJPY and USDJPY has some action but still the price action has not picked up the type of speed that I like to see. But they should be monitored closely for any trading opportunity.
As a Day Trader, Momentum is an important factor.
Good Trading
JoeSorry, guys, I have missed out GBPJPY which is showing the type of price action I look for.
Although Step 1 - Identifying the Major Trend is important, Step 2 Identify the Current Action is the KEY as this will determine whether I shall trade or not.
Joe