Eur JPY.. already sold on 78.6% retracement of main move. did not catch the 88.6 because i taught it can go up to 100. but started to go down.. and it is leaving the time zone.. so i forced to sell on 78.6.. so i will not miss this move... Time ratios are also good. time B to X is 200% extension of time X to A.. so its a high probability reversal
harrymonic: Eur JPY.. already sold on 78.6% retracement of main move. did not catch the 88.6 because i taught it can go up to 100. but started to go down.. and it is leaving the time zone.. so i forced to sell on 78.6.. so i will not miss this move... Time ratios are also good. time B to X is 200% extension of time X to A.. so its a high probability reversal
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EJ now inside time zone... waiting for entry...
entry successful moved stop to BE.. as anticipated. price broke "B" and reversed... currently RR=1:2.. closed 50% of my position..
nice entry man!!!
Eur JPY.. already sold on 78.6% retracement of main move. did not catch the 88.6 because i taught it can go up to 100. but started to go down.. and it is leaving the time zone.. so i forced to sell on 78.6.. so i will not miss this move... Time ratios are also good. time B to X is 200% extension of time X to A.. so its a high probability reversal
Eur JPY.. already sold on 78.6% retracement of main move. did not catch the 88.6 because i taught it can go up to 100. but started to go down.. and it is leaving the time zone.. so i forced to sell on 78.6.. so i will not miss this move... Time ratios are also good. time B to X is 200% extension of time X to A.. so its a high probability reversal
already moved my stop to BE. now +20pips.. wheew
great!
what time extension are you talkn about???
ah, sory, the message i typed regarding time was incorrect.. i will post ill later. brb
@harrymonic
great trade of 40pips
i closed some of my postion there, but i think it can reach at least 70 pips..
EU. now going up. currently on time zone. at 113 extension