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Bad Luck

Daytrader21 Posted 25 Gen  in #Trader's blog #Usdjpy
Such a bad luck I've been stopped out on my short USD/JPY to the PIP, as soon as my stop loss at 118.85 was hit the market has reversed and I could have been right now at BE but instead I got a loss. It happens to me so many times that I've stopped being nervous about it. I had this trade on my live account as well so I took a loss there as well. My intention was already to scrap this trade at BE but unfortunately it didn't worked out as planed.
This are the final days of trading so I need to be…
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megajorko 25 Gen

I also counted on this position on social and because of this I lost 10 places from 7th to12th. I think that it was a very predictable position and I suppose this was why the market hit our stop. Market is a hunter of stoplossess you know that :)

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Daytrader21 25 Gen

megajorko yes, as soon as you put on a position a target is put on your money, that's the name of the game

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USDJPY Deawdown

Daytrader21 Posted 23 Gen  in #Trader's blog #Usdjpy
After initially I've been stopped out at break-even on my USD/JPY trade I've decided to enter another short but this time at higher price and unfortunately it didn't played out as planned. I really suspect the move from Friday was a stop run, just a squeeze of the weaker hands and one way to be sure that this sis the case is to watch how we open on Sunday if we gap down than you have your confirmation this is a fake move and I'm sure I'll be able to at least cut my loss in half if not to even at…
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USDJPY Long Setup SL Hit

Daytrader21 Posted 29 Ott  in #Trader's blog #Usdjpy #Fed
Even thought my long bias on USD/JPY was proven correct I still lost a little bit on this position, but not that much. Taking in consideration that I was long this pair since Tuesday but the market was showing any willingness to move I had to play with my positions very defensively as with this risk events you can never be sure of where the market will ultimately go.
So, just ahead of the Fed announcing the interest rate decision I've moved my SL level as I wasn't prepared to let the market go t…
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How Fractals can Explain Market Movements

Daytrader21 Posted 13 Gen  in #Trader's blog #Usdjpy #Price Action #Correction #Fractals

Although I'm using many tools to forecast the market by far the most interesting approach I'm using is Fractals. There are many ways to skin a cat and that certainly applies to market analysis methods as well. There are no guarantees when it comes to defining price movements but in my humble opinion the most interesting approach a trader can apply is the philosophy that a market is fractal in nature. Fractals not only that can explain price movement but it can give you a road map, so to speak, …
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USDJPY: Ready to squeeze the bulls one more time

Daytrader21 Posted 6 Lug as Analysis on USD/JPY, Target: 94.5000, Date: 2 di Settembre, 12:00 GMT  in #Technical analysis #Usdjpy #USD/JPY #Correction #Channel #Technical Analysis Elliot Wave Bullish #Squeeze
USDJPY it is just at the beginning of a major bull market, but like every market there must be some corrections along the way. Nothing goes straight up or straight down without having some corrections. Figure 1 is showing us that based on Elliot Wave theory we have completed the 5 wave cycle and we are at the inception of a more deep correction before to resume the bullish trend. The market is overbought at this level with so many buyers we just have to squeeze the weak hands before to continue …
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Daytrader21 8 Lug

@FXMagix for me it's very hard to make a forecast for gbpjpy and eurjpy as the volatility is just to high, it can go in one week more than 500 pips and drop in the next one more than 500 pips so in this regard I can miss my forecast by a lot

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Daytrader21 16 Lug

USDJPY has finally started to push down, after we retest the broken trend line at 101.50 the momentum started to shift to the downside expecting the pressure to continue to the downside. The next support are around 97.50 before going to reach my target so I'm expecting a clear breakout of that level before to continue further down.

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Daytrader21 6 Ago

There is still a long way until my target is reached but the momentum is still to the downside so I'm expecting a break below 97.50 and a close below for further downside move to be considered. We are currently developing wave C of the entire bull run that started last year

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Daytrader21 7 Ago

The market behaved perfectly and the current break out below 97.50 confirms the downward momentum. Hover in the coming days we may retest this level before to resume the downward momentum. The current wave C is developing in 5 sub-waves we are currently putting in place the wave 3 so there is plenty of time to reach our target of 94.50

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VTTG 21 Set

I like your chart :)

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