Scalped out a further 15% at 4176 (+71) Holding remainder of this position with destination target of 1.4440

EUR/CAD

Closed this entry out entirely for +4

EUR/CAD

image

USD/JPY Discussion

The Big boys entered the party a long time ago above 118 and popped back in after the gap fill above 115...They don't sit staring so much at '5min TF's. As and when UJ dips under 109.80 the Big boys are quite likely to bank profits and look for the ...

USD/JPY Discussion

I've banged on about the target under 109.80 since new year - just a matter of time before its hit. Longer term traders have just sat on their hands...with the odd add in of course.

USD/JPY Discussion

Okay, I'll call it -this time its going under 110..

USD/JPY Discussion

Well, it might be bouncing of the 110 level but not very far..

USD/JPY Discussion

image

EUR/CAD

Moving out a timeframe or two now I've placed a blue horizontal line where the next target sits. I'd cover the entry at 1.4105 (sorry, typo 1.4175)...i.e. scale out some profits.

EUR/CAD

Scalped this entry out entirely for +3 at 1.4144.

EUR/CAD

Okay, that's the easy bit done. Taking 20% profits out from entry at 1.4105 at 1.4131 (+26) Holding 80% of this position and have two further entries above.

EUR/CAD

Added to position at 1.4105

EUR/CAD

Ok..cut through the 1st support level now added in the second entry at 1.4141

EUR/CAD

This pair is looking quite interesting to me now...Building a long position with entry at 1.4171 targeting 1.4440.

EUR/CAD

You are welcome

USD/JPY Discussion

As predicted; the Bear Flag and Bear FlagCluster formation I posted yesterday obliged - a very reliable pattern and one that catches out many traders taking 'Longs' - which is why its other name is a 'Bull Trap'. Chart attached should demonstrate ...

USD/JPY Discussion

Oh, I'm quite sure it will but in the interests of transparency I was unwinding my position in late March when we ran down to the 110.20's. At that stage the distance to target was only 40 pips or so and I had a trade setting up on EUR NZD (posted ...

USD/JPY Discussion

In fairness - its been a slow drag down and I believed we'd see a dip under 110 some time ago. That target remains intact (for me at least) but I've unwound my position favouring EUR crosses instead..UJ was only 40 pips or so away whereas other set ...

USD/JPY Discussion

Going Long into a continuation Bear Flag Cluster? Fair play..that takes guts

USD/JPY Discussion

..Interesting to see how the price has chopped around the gap zone (highlighted by the grey rectangular box). We now have a Bear Flag Sequence in play which in theory should be the nail in the coffin and send UJ finally to target under 109.80. If it ...

USD/JPY Discussion