If anyone still has any positions left you can continue with a trailing stop and see where it leads, ……..
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I decided to take a few off here at +200 as we should expect a possible retrace at some point. The average daily range is currently 148, so that was quite a move of about 260 pips from top to bottom.
I cant help myself, I just had to take some more at +150…..(currently 162)
The price is approaching a possible trend line area, so caution here and keep bringing your stop up behind or use a trailing stop. If you trail at 50 now it will guarantee circa 100 pips. Active traders have their own ways, and can do what comes naturally.
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Hope everyone is enjoying the ride. I’ve taken a few off at +100
I like the yellow box below as an initial target area where the H4 Kijun and Daily Kijun lie, and theres that ever attractive trend line beckoning below. Kumo is thin and shouting ‘test me if you please’.
Remember we are still at the early stages of this trade, and I’m…………
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I always like to snaffle a few pips when I see nice numbers, so I scalped a few off at +50. Currently showing +36. We may get a retrace so lets see how it goes and I’ll replenish.
For people new and learning, just sit tight if you are happy to, you will gain experience as you go along.
The uptrend line has just broken, so for experienced traders it might be an idea to start scaling a few orders in against the potential test of the up-trend line.
For our less experienced members the recent 30m potential swing point would be a safer start until we see what happens on any retracement.
We saw a turn in the white box as expected, and I know from your various messages a few of you got in and a few others have been scalping in and out.
The price is at a critical fork in the road. However, we cant rule out a little push higher so we must be vigilant. An up-trend line break could start the ball rolling. Initial targets could be the H1 Kumo or H4 Kijun Sen (KS)
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Overnight the price reached the potential turning point (yellow boxes) and gave experienced traders some profits on the purple trace. Now I am looking for a retracement towards the recent move to see if we can find a nice entry point – maybe around …….
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Just a chart update for any of our members who followed the purple trace north and took some profit (maximum around +140 pips). We do not add these to our monthly total display. The price is now ……..
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