USDJPY long
Updated
FOR
Only JPY news today. There was positive news but no impact - so assume wants to go up. USD is best match.
Space on 4H stoch
Tried to go through EMAs and rejected with volume
Broken and tested trend
AGAINST
Very near resistance but keeps bouncing up to it. Very 'visited' resistance
Stoch quite high
No volume with current activity - market is active and blinking
STOPLOSS
Behind 1h, 4h, d ema.
ENTRY TYPE
Order - expect to be triggered 13-14.00 UTC+2
(Should i be only 2 trades - 1 with an intemediate TP?
RR
2.5 : 1
Barriers to TP
Immediate resistance
Resistance at 95%TP
NOTES
I've revised summary page - less emas and added summary window to show currency strength.
4h due to cross d - i think that will give a boost.
Should I be giving a little more space from resistance?
investing.com/economic-calendar/
01:50 JPY GDP (QoQ) (Q1) -0.9% -1.2% -1.9%
01:50 JPY GDP (YoY) (Q1) -3.4% -4.6% -7.3%
06:30 JPY Tertiary Industry Activity Index (MoM) -4.2% -0.7%
Only JPY news today. There was positive news but no impact - so assume wants to go up. USD is best match.
Space on 4H stoch
Tried to go through EMAs and rejected with volume
Broken and tested trend
AGAINST
Very near resistance but keeps bouncing up to it. Very 'visited' resistance
Stoch quite high
No volume with current activity - market is active and blinking
STOPLOSS
Behind 1h, 4h, d ema.
ENTRY TYPE
Order - expect to be triggered 13-14.00 UTC+2
(Should i be only 2 trades - 1 with an intemediate TP?
RR
2.5 : 1
Barriers to TP
Immediate resistance
Resistance at 95%TP
NOTES
I've revised summary page - less emas and added summary window to show currency strength.
4h due to cross d - i think that will give a boost.
Should I be giving a little more space from resistance?
investing.com/economic-calendar/
01:50 JPY GDP (QoQ) (Q1) -0.9% -1.2% -1.9%
01:50 JPY GDP (YoY) (Q1) -3.4% -4.6% -7.3%
06:30 JPY Tertiary Industry Activity Index (MoM) -4.2% -0.7%
Note
Made a 1h summary for USD - should be 4hNote
Price couldnt break 15 min EmaNote
Im holding my nerve for the entry - i pulled my entry slightly lower making 3:1. (Note im messing with trades again)Trade closed manually
Trade closed both currencies are weak - 0.25% profitNote
LESSONS LEARNTThe trade went to target - without too much hassle in retrospect. Exactly the same as before I'm messing with the trades too much.
At the time it was the flattness of the 2 currencies that was bothering me
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