I definitely am. And I really hope to continue enjoying trading this pair.
Actually, I’m also considering opening a long for it but I’m just worried I’m already pretty late to the party.
If you don’t mind, where did you set your TP for this? Would it be around the 144.500 area?
Hi @ria_rose,
Considering D1, it’s still ranging, but from H4, there is good support around 1.125xx.
Since H4 is still telling uptrend, I usually wont take profit bellow support. I will considering profit above the support, especially on H4 it’s a position against the trend.
Hi Johnnyyy! I feel like it’s been a while!
I hope you’re doing great!
I also think I can observe for now.
Maybe wait until a couple more candles?
Hi @ria_rose
I’m a conservative trader. I wont ride the whole trend. Here is my TP
My next step is looking for short, waiting reversal pattern on LTF as usual when the resistance isn’t broken
That makes sense. Thanks for this TYG!
Catching a bounce would definitely suck.
I guess this is something I can use for my future trades as well. I typically go in with the assumption that price will dip below support so I usually set my TP around those areas.
Ooooh! Then you’re suuuper close to hitting your TP!
Great job TYG.
I wish I went online earlier and maybe got in on this trade as well.
Thank you - my brain has been getting fried here in Cambodia 100F most days, so I haven’t been trading much. Also electric power cuts so need tight SL. Temperature in your country is very hot too - how do you cope with such high temperature?
Ooooh! 100F is actually still kinda comfortable.
Sometimes, the temp here reaches over 110+ F
I guess it’s just part of our DNA to kinda get accustomed to it.
But the power cuts must really suck with that temp.
Hellooo! So, I’ve decided to get in on a quick long trade for USDJPY and set my TP @ 144.759.
I’ll be watching this trade tonight, and hopefully we get another winner!
May the pips be in our favoooor!
Yeah must be DNA and, of course, you have always lived in high temperature.
I am Barang, as they say in Cambodia. Or just a wimp
This is why I like 5mins/1min charts - you know your fate quickly! Good luck, you will be up all night.I think I try to get some sleep. I sleep in snatches, feel like I’m on 3 time zones UK US and Cambodian.
Good luck - hope it takes off to your TP
HAHAHA! Looks like you’re enjoying your stay there, at least!
You’re learning from the locals.
Thanks Johnny! Good night!
I’ll probably be up for a couple more hours. Hopefully, we have a clearer idea on the direction of this trade then.