I’ll make this short and simple. You are one brave man, BA. Really.
Now, whether you’re gonna take this trade is up to you, but I think that’s so not A+ setup. My attached chart is what I think in brief.
In hindsight, it is definitely not a A+ set up, the grey lines represent an area of resistance the way I see it. But any thoughts are much appreciated.
[QUOTE=“wm247;531931”]I’ll make this short and simple. You are one brave man, BA. Really.
<img src=“301 Moved Permanently”/>
Now, whether you’re gonna take this trade is up to you, but I think that’s so not A+ setup. My attached chart is what I think in brief.
[/QUOTE]
Thanks WM7
It looks pretty UP there as you say, when I zoom out further however it looks like its ranging? I think I will have to give this one a miss, I think that pin has been sent to tempt me at the end of a very dry week!
[QUOTE=“bigcheefer30;531942”]
I’d be looking for either of these scenarios:
<img src=“301 Moved Permanently”/>[/QUOTE]
That looks much more like it, think I’ll give it up for the weekend and enjoy a beer or two and be back next week for an A+ set up! Thanks for the help bigcheefer, have a good weekend!
Glad to help…I learn best by interacting with others. Whenever you see a bunch of candles that look like lowercase t’s, one after another like that, it simply means there is lack of interest, or indecision in the market, or, it’s a Friday EST. To me, I take that as a signal that bulls and bears are stalling and the market can go either way, so, Stay Away. As you can see, there was a false break up north.
Short & Sweet.
That’s more like it! Although, I’m biased to go Long in this case. 
I just realize that we are essentially talking about H4 chart at the very last hour on the end of the week. A VERY big red flag to take any intraday trade actually according to the Godfather himself. You’re right BA. Done for this week, and now a beer or two and then go right to bed sounds like a plan. Although I’d prefer a glass of vodka than beer. Well, make it two so I will sleep like a baby tonight. 
Guys I need a bit of advice please
I am in long on GBP JPY and it was 10 something pips green when the news of USD came out and it dropped down and I am negative now
Is the trade still valid ?
[QUOTE=“bigcheefer30;531955”]
Glad to help…I learn best by interacting with others. Whenever you see a bunch of candles that look like lowercase t’s, one after another like that, it simply means there is lack of interest, or indecision in the market, or, it’s a Friday EST. To me, I take that as a signal that bulls and bears are stalling and the market can go either way, so, Stay Away. As you can see, there was a false break up north.[/QUOTE]
Cheers bigcheefer, I really like the tttttt concept, Friday afternoons are not a good time to get involved. Think I’ve been staring at charts too long this week and almost ignored some very big warning signs,I will be ready to go fresh on Monday and look forward to hopefully making some better choices!
… and your tf is…?
[QUOTE=“wm247;531970”]That’s more like it! Although, I’m biased to go Long in this case. 
I just realize that we are essentially talking about H4 chart at the very last hour on the end of the week. A VERY big red flag to take any intraday trade actually according to the Godfather himself. You’re right BA. Done for this week, and now a beer or two and then go right to bed sounds like a plan. Although I’d prefer a glass of vodka than beer. Well, make it two so I will sleep like a baby tonight. 
[/QUOTE]
Bugger…I always thought Johnathon was referring to the final four hour candle at the very end of Friday otherwise I would have logged off ages ago. I have to say until now I have never traded after 6pm on a Friday, think I must have misunderstood that tip bit. Won’t make that mistake again.
Ok, it is friday and I’m in Cancun, so I will take this long position.
Great week! not too much opportunities to trade, but I lot of learning.
Thank all you guys for your help.
Have a nice weekend!
Entered at 157.8 to at 158.4
May you please provide the chart which you are using to manage this trade, also, how/when you entered?
I am on mobile now can’t provide charts
I entered about 10 pips higher than the break of the 2 BR
TP set to 160 and 158.4
[QUOTE=“mselva;531980”]Ok, it is friday and I’m in Cancun, so I will take this long position.
Great week! not too much opportunities to trade, but I lot of learning.
Thank all you guys for your help.
Have a nice weekend!<img src=“301 Moved Permanently”/>[/QUOTE]
Looks like an A+++++++++++++++++++++++++++++++++++++++++ trade Mselva.
Have a good one!
On the 4 HR chart, where I’m managing this position from- 10 pips higher is 157.45. 157.8 is about 45 pips higher then the break, so I’d say your entry point may have been a bit too high.
What happened is that I entered first time at 157.44 and tp 158.2 and when it was going fine I entered again at 157.8 with TP 160 since I thought it had a lot of space to move
The question remains is the trade still valid?