I would like to journal my trade in GBP/JPY as the pair really attracted me because the risk is too small compared with the benefits that I can get. I will use the Ichimoku and Heiken Ashi to help me enter the market, and I’m not going to force myself to transact. I am just expecting a 5 to 7 wins in a row every month.
Currently this pair is at the Top and I am waiting for my opportunity to sell. So I have to be patient waiting for my chance, maybe this weekend, next week or next month .
Downward price movements in the 1H time frame like this doesn’t attract my attention, because I’m not interested in buying this time. I do not want to go to the market to impose my will, but it is the market that will come to me. lol
[QUOTE=“Alf93;704799”]Downward price movements in the 1H time frame like this doesn’t attract my attention, because I’m not interested in buying this time. I do not want to go to the market to impose my will, but it is the market that will come to me. lol <img src=“301 Moved Permanently”/>[/QUOTE] thought that would be a good sell opportunity
Hi there, thanks for comments. Actually we are still in a bullish market, I expect the trend will change its direction in a few days. It’s too dangerous to open sell position now.
What makes GJ is just rolling in a small range? Probably it wants to go to 185.000 but still reluctant because all indicators are still pointing up. Hopefully it will go up to 196.000 first before falling down to 185.000 or even 175.000 .
Should I close my trade position? No way, there is no reasonable reasons to do so. Lol
Which one is a reasonable target for GJ? 200.000 or 175.000 ?
It seems the buyer troops are trying to reach the point of 200,000, while the knights seller (including me) is eyeing an opportunity to get down to 175,000. In forex trading, I can not impose my will but I will follow the market movement. If all indicators that I use gives a signal to go up, then I will buy (Target is 500), but if it turns out that it is a signal to sell then I will be very confident to sell ( Target is 1.000 to 2.000 ) :51:
It seems the market is preparing itself towards the north so the target should be set to 600 pips. However, I am more happy if the market leads to the south pole because the target can reach 1,000 to 2,000 pips. In 4 to 8 hours ahead (2 candles) I’ll get a clear picture. :51:
