Posts by sozofxtrading

You mean USDJPY? That's a good long for now. I only trade GBPJPY though. From wave analysis I bet we are in a abc correction and Bullish should still take it.

I don't think you're too late. I was surprised with this volatility but glad I stuck it out. I see 148 test and then I bet doesn't break right on first time.

That was a nail biter testing. Back in the Bull!

I am betting yesterday's candle shouyld be a fractal support. If so next target is around 146-148.

Didn't pay attention to the news today but no matter. It's now factored in the price. My positions all long are at break even 142 anyways. Targeting 155 area. Current MT4 chart Nonlag dot is still Bullish and Supertrend is sell. Wave indicator is setting in for next Bull Wave. Today is exactly the day when typical traders lose and cash out yet in the next few days I bet will rise gradually back. Stop is 139. I don't like being this close and would prefer stop at 137 area but I am a touch over leveraged. Moving forward I will only trade .007 x Balance for a looser stop to allow this type of volatility.

Added .01 today so long 19k. Holding for 20-30 days.

remember daily chart low leverage. I have 400 pip stop

Long 18k, avg price 141.99, go Bulls!

Ok, Long 16K, not sure avg price now. Stop is 137 until new fractal support is created.

For Bill Williams MFI Indicator - Yesterday should produce a bullish up day today. I am still confident in averaging in long positions micro lots. I have .08 Long believing a bullish break above trend line. If I am wrong I still would not go short here.

Got a buy stop breakout order142.30. That's how Bill Williams trades at least.

Downtrend continues but I flipped long. I have a buy stop for 142.30 for my main position. I took a 24% return of short trade but was up 60%. Thus the emotions of trading. Stop for longs is around 138 level. Price is converging against trend line and 20MA Bands. Future news should push it up and target around 150's.

Hoping for a last minute pop up to break the high today otherwise that's a sell fractal. Lessons learned I could have placed my stop above yesterdays high.

NonLag Dot and Supertrend are a buy. The Wave Indicator is implying to look for a buy so based upon all this, I am flipping.

I flipped positions long. I have 2 buy signals on MT4

Everything opened up in the right direction. Do not go long just yet. Looking for several candles (days) of consolidation before long.

New Limit Goal - 131.50 area. The Wave Indicator for MT4 seems to work fairly good to keep you on the right side of the trade for GBPJPY. It's 50% move so far from the reversal at 148.5 area, an extension of this move for the second half points to 131.5 area give or take a few hundred pips. I expect a few fractals to be created however I feel this target will be hit. When the channel begins for a few days and maintains support on high volume days I see a reversal coming which should surpass 148.5. I use 400+pip stops. Brokers will chase your 50 pip stops so I feel it's foolish to trade this way now a days. To get a better understanding of my log, watch Bill Williams Youtube video Fractals Holy Grail of trading video. I watched this about 4 times and it radically improved my trading results. Current position is up total 43% since 12-20. Simply amazing.

I quit playing EURJPY. I only use for possible correlation to GBPJPY. Too many spikes.

Keep coming down baby!

Agreed but I would never go Long.