AUDJPY Entry — Have an entry (EB) short on AUDJPY, although the signal candle is green has closed in the lower half and meets the EB requirements. With the stop at 50% of the signal bar (+spread) risk is 15 pips. We shall see.

Buy sell line trading

Alternative Stop — Following on from my last post here is a perfect example on AUDUSD. The signal candle (EB) has a high of 1.0187, implying a required s/l of approx. 25 ticks. However using 50% of the candles value the stop becomes approx ...

Buy sell line trading

Closed — Out of the AUDJPY at b/e. Not sure that stop placement above / below the high / low of the signal candle leads to the optimum outcome in terms of R:R, particularly on the 1hr. As part of my foward testing will also consider stop at ...

Buy sell line trading

AUDJPY Update — Moving stop to b/e now we are through 1:1, also through yesterdays news spike high at 81.41. Lets see if this one can get to 1:2.

Buy sell line trading

Update — Long AUDJPY triggered at 81.08, s/l at 80.73.

Buy sell line trading

AUDJPY 1 HR — Another signal candle on the 1hr AUDJPY. Will take this one if it breaks, price has found support 4 times at the 80.75 level, s/l just below here will be 32 pips at risk. Given how price has found resistance 3 times at the 81.02 ...

Buy sell line trading

Positions Closed — Out of AUDJPY for +35 and cable for +7. I realise this does not help with the potential R:R analysis, but given the risk events due later I am not prepared to give back profit or run risk beyond this point in time. Will ...

Buy sell line trading

Positions Update — AUDJPY has pushed through the 80.60 level, a new signal bar has been formed as per arrow 2. Did not add to entry here but have now shifted my s/l below the low of this bar, only running 15 ticks of risk. Cable has pulled ...

Buy sell line trading

Cable Entry — Long entry on cable also, type 2 this time, candle is fairly obvious ! Given the size of the signal candle will not be leaving the stop all the way below, have it at 50% of the canlde's value, approx 40 pips.

Buy sell line trading

AUDJPY Entry — AUDJPY entry long on the 1hr, signal candle marked with the arrow. Resistnce at the 80.60 level, lets see if this can get taken out and if so where we go from there.

Buy sell line trading