Got that on my radar, you in it yet ?
Hi R2 and Trueman, how many pips do you go for when you go countertrend like in the EUR/NZD one? I’ve noticed when you go countertrend its not safe to TP at the supply zone in the case of buying at demand/going long since it doesn’t always make it up that far.
txs
My gbpjpy is still alive
@ Trumann, huge sl or not is not the number factor. I saw that on daily chart the lowest point is there. So I moved my sl well below it. The sl to entry is just 1.1% risk from my current account balance . So is fine with me
yes i took …but stoped out already with 15-20 pips…my good old adjustment problem…need to fix that…
but i will try to get in next week again if i looks good
@joe
you are right amount of pips doesent matter if you adjust your risk size
( 1-2 % of your bankroll for example)
the main problem is you have to archive at least the double amount of pips of your sl size (2:1)
otherwise its very very hard to make it in the long run…you will need a lot more winners then loosers
the gbp / Jpy trade is on my radar for next week too…letz see if it can make us some nice profit…
@txs
2 opportunitys
- i try to tp at the next zone …like you wrote
- if sl is 50pips i try to archieve 100 pips…if sl is 80 Pips i try to get my 160 Pips…
but i have this hughe adjustment problem…
if price gives me 30-40 pips i adjust my sl to break even or +10 pips profit …not good…
the smartest decision is to take only trades which have at least this 2:1 win ratio …but thats hard in reality i think…
Here are some charts iam looking at next week…
for the entrys i will try to use smaller tf like 4 h or 1h …
usd/jpy looking for long…
@trueman , the delicate balance between rr & win rate is always debatable . But I do see your point. Gbpjpy was at 1.4:1 rr. Seems good enough for me. Because according to my analysis, the probability to hit that tp level would be the most comfortable for me. And my style.
@ joe
i think as long as you are profitable with this its absolutly the right way…
if its work than its right 
in reality its hard to do everything like the books and the gurus say…everybody has to find his very own way
Well said. The market is the judge in the end.
and of course the eur nzd long from friday…
i will not take every trade right away…i will wait for some confirmation in lower tf to enter …
and of course dont take my watchted trades as an recommendation…
no pro, no guru , just a guy who loves the market aka the judge…
I’m interested in this trade too. Hope we can make pips coming week.
Cheers !!
Good levels. We are actually sitting on a Weekly Demand level right now!
I so want to be in this trade but erratic GBP movements have me concerned as of now. Will try to stay out of them.
Missed out on a good entry on Friday to go short! Will look for a reversal and then go Short! Great to see that we have very similar levels on our charts!
Good to see you looking at CHF charts now! I know you hated them!
I too am looking for Longs but my zone is a little bit narrower than yours. My zone is between 1.0808 and 1.0828. That’s where I will be looking for a trade.
Not sure if we have ever discussed this, but I generally mark my zones on the wicks of the candles and hardly on the body of the candles.