Just put in a BUY order for AUD/JPY @ 97.01
D1 MACD - Uptrend
H1 Williams % - Over Sold
SL: 160
TP: 280
D1 MACD - Uptrend
H1 Williams % - Over Sold
SL: 160
TP: 280
Looking for Death Cross and Golden Cross indicators 4 replies
Rsi cross indicator? (NOT cross 50, etc) 44 replies
Royal Cross/Fresh Cross 7 replies
Money Management applied to cross currency pairs 2 replies
Correlation of cross pairs 3 replies
DislikedJust put in a BUY order for AUD/JPY @ 97.01
D1 MACD - Uptrend
H1 Williams % - Over Sold
SL: 160
TP: 280Ignored
DislikedNice Thread mate. Would like to see articles/analysis along with your trades.Ignored
DislikedI also have few open positions with CJ & EJ. Hopefully we can see highs at the end day .Ignored
DislikedHm, i see AUD is today weakest currency, is not ime for buy AUD v. anything. today is time for sellingIgnored
DislikedHey Alanamc,
I use a Trend Strategy which uses a part of the "Third Screen Strategy" of Dr. Alexander Elder. First, I find in a D1 chart the global trend using the MACD indicator. Once the overall trend is clear, I use the H1 time frame to act in the same trend using the Williams Percentage Indicator. When the positions are opened I manage economic news and fundamental analysis to close the position if I think the trend is about to reverse on the D1 chart. However, I will try and use a hard stop loss and take profit during the majority of the...Ignored
DislikedThanks for the reply. I really like to trade JPY pairs. I mainly prefer price action trading along with Moving averages. So Hopefully I will post my charts here soon.Ignored
DislikedI've got quite a few EUR/AUD long positions which could act as a hedge. However, I follow the same system so if TP is hit great, if SL is hit so be it. As you can see from trade results listed above this system works netting over 16,000 pips since September 2011!
Would you really sell anything against JPY though at this time? AUD is weak, but JPY is much much weaker...Ignored
DislikedTotally agree with you about following the system & system rules. We don't need confusing/ advanced system to success in this market. If we have a simple system and we can stick to it rules surely we can win.Ignored
DislikedThanks for the reply. I really like to trade JPY pairs. I mainly prefer price action trading along with Moving averages. So Hopefully I will post my charts here soon.Ignored
DislikedAdding one more BUY @ 96.89
Adding one more BUY @ 96.70
Current Open Positions:
97.01, 96.89, 96.70Ignored
DislikedAll JPY pairs will take a breath.
The next 12-15 days will make an average price of around 30-50 pips LOWER than were we are now, so not a tragedy for longs. [30-50 pips, depending on the pair].
This is my analysis.Ignored