Elliotwaveforec:

If UJ controls other JPY pairs, then they should be longed because UJ is on the fifth wave on the weekly TF and it's expected to take out 13938.

I agree with you...the bullish momentum is quite strong, though, the market will always make itself the way it pleases...

Elliotwaveforec:

If UJ controls other JPY pairs, then they should be longed because UJ is on the fifth wave on the weekly TF and it's expected to take out 13938.

pls is usdjpy inversely correlated with gbdusd/eursud

GabsonFX:
Journey currently @ 132 pips

As previously mentioned, looking to swing this for another 9 days ish

wow he's back... Welcome sir


How's your ftmo going?, been long we heard from you.

And are you open for tutoring? Cus I'm interested

nzechu:
pls is usdjpy inversely correlated with gbdusd/eursud

Yes!

ogashman:


Triggered! Let's see how it goes

90+ pips done

Elliotwaveforec:

If UJ controls other JPY pairs, then they should be longed because UJ is on the fifth wave on the weekly TF and it's expected to take out 13938.

I just did a recount, the third wave peaked at the red line and the fifth wave at 13938.

Sell is strongly advised with SL @ 13945.

Closing this demo account

Elliotwaveforec:

If UJ controls other JPY pairs, then they should be longed because UJ is on the fifth wave on the weekly TF and it's expected to take out 13938.

It's a small risk for me.

charly20:



It's a small risk for me.

Modified! I second your sell bias.

Gold about to long for 1824 now @ 1756

ogashman:


90+ pips done

Trade closed with 100 pips

Elliotwaveforec:

I just did a recount, the third wave peaked at the red line and the fifth wave at 13938.

Sell is strongly advised with SL @ 13945.

Closing this demo account

aha another person concurring with my sell bias.

charly20:



You didn't post your trade call . It helps.

@Elliotwaveforec

I am still learning though, I am open to corrections. the image below is a reason for trade to continue buying. (hidden divergence)

but my own analysis says sell just that usdjpy doesn't fulfil one of the criteria for that sell analysis, but eurusd and gbdusd fulfils the criteria. if you say they are correlated, it means if it works on eurusd it shud work on usdjpy too. that's where my confusion is

My bosses...na wa o....what a month.... Na wa for gbpjpy no sensible volatility....i just dey pray say the last 10 days go carry liquidity.....usdjpy just dey buy...gbpjpy just dey do as him like....

I understand say e dey range but how far now... 850 + pips range....yet no sensible movement na wa o.

X/chf see as i run cut my loss before gbpchf hit 100 pips sl then boss gbp/chf dun go sell off today.... Flexibility na one important feature of a learning trader...novice like me...


I still dey on cad/chf buy around 0.73419

As i dey on cad/chf buy i dun delete eur/cad buy pending order. I no dey hedge cad abeg...

Usd cpi just push x/USD to temporary buy before the sell ...me i enter at that very top of last month high. On eur & gbpusd. X/usd na patience go do am this month.....


Them aud & nzd /usd i dey use side eyes look those pairs. If them tank next week e go favour intraday.....

Now na gbpjpy i just dey hope go do sensible volume before month go end....*fingers crossed*.

Kaybee7000 se you dey see eurjpy... i just dey look the pair since....

Except say eurjpy run one 330+ pips move next week or before month end. Baba fit reverse. Na why i no dey like chase market when i enter...if i wrong i wrong... i no kill person.... We move...

nzechu:
@Elliotwaveforec

I am still learning though, I am open to corrections. the image below is a reason for trade to continue buying. (hidden divergence)

but my own analysis says sell just that usdjpy doesn't fulfil one of the criteria for that sell analysis, but eurusd and gbdusd fulfils the criteria. if you say they are correlated, it means if it works on eurusd it shud work on usdjpy too. that's where my confusion is

Sharp chart.

My experience trying to correlate trades before execution has not been really great so I wouldn't advice that you continue to use another pair to decide your executions.


This 400-500 pip sell off from GU this week, i missed out because i dey do correlation

VlamesIffect:
My bosses...na wa o....what a month.... Na wa for gbpjpy no sensible volatility....i just dey pray say the last 10 days go carry liquidity.....usdjpy just dey buy...gbpjpy just dey do as him like....

I understand say e dey range but how far now... 850 + pips range....yet no sensible movement na wa o.

X/chf see as i run cut my loss before gbpchf hit 100 pips sl then boss gbp/chf dun go sell off today.... Flexibility na one important feature of a learning trader...novice like me...


I still dey on cad/chf buy around 0.73419

As i dey on cad/chf buy i dun delete eur/cad buy pending order. I no dey hedge cad abeg...

Usd cpi just push x/USD to temporary buy before the sell ...me i enter at that very top of last month high. On eur & gbpusd. X/usd na patience go do am this month.....


Them aud & nzd /usd i dey use side eyes look those pairs. If them tank next week e go favour intraday.....

Now na gbpjpy i just dey hope go do sensible volume before month go end....*fingers crossed*.

I been dey select which JPY go run am for me this "end of days" and i choose Chfjpy because GJ too dey range and EJ, AJ and NJ (this own worse ) too dey follow am.

Let's see what magic will happen before the month runs out.

charly20:



I been dey select which JPY go run am for me this "end of days" and i choose Chfjpy because GJ too dey range and EJ, AJ and NJ (this own worse ) too dey follow am.

Let's see what magic will happen before the month runs out.

EJ about to make the run

charly20:



I been dey select which JPY go run am for me this "end of days" and i choose Chfjpy because GJ too dey range and EJ, AJ and NJ (this own worse ) too dey follow am.

Let's see what magic will happen before the month runs out.

My boss fingers crossed o...why them x/jpy just dey do one kind this month

DannyFX2638:
EJ about to make the run

Make the run asin breakout buy or sell which one? I dey positive on sell...but e dun take me out early this month. If na sell then i go dey look to buy am September. Unless if sell breakout & confirmation at that low price....

VlamesIffect:


Make the run asin breakout buy or sell which one? I dey positive on sell...but e dun take me out early this month. If na sell then i go dey look to buy am September. Unless if sell breakout & confirmation at that low price....

right now, I can't tell if it's sell or buy .
it depends on how the market react to the trendline but off course .. Sell is the most favourable

DannyFX2638:
right now, I can't tell if it's sell or buy .
it depends on how the market react to the trendline but off course .. Sell is the most favourable

I just checked forexfactory.... PMI data for both eur & gbp coming on Tuesday next week.....that one fit be major trend determinant o. Last month pmi really affected market volume that day.....well anyway.....

Hi Guys it's been more than 2 months since I last traded as I was busy with my marriage preparations. I been think say fx go raise me like 500k for my wedding but market nack me wotowoto I lost one of my funded acc. One thing have learnt is never trade when u really need money it's recipe for disaster. I respect those who do this business as full time. Am back now to resume trading on Monday with the only surviving prop acc. I hope I can trade better now that I am not desperate for the money.

This week is my most profitable week ever.

Big thanks to Fxwarrior and everyone thatt
reinforced my decision to sell Gold from 18**

Closed the week with more than 500pips.

cybertron88:
Hi Guys it's been more than 2 months since I last traded as I was busy with my marriage preparations. I been think say fx go raise me like 500k for my wedding but market nack me wotowoto I lost one of my funded acc. One thing have learnt is never trade when u really need money it's recipe for disaster. I respect those who do this business as full time. Am back now to resume trading on Monday with the only surviving prop acc. I hope I can trade better now that I am not desperate for the money.

welcome back

Pristine664:
This week is my most profitable week ever.

Big thanks to Fxwarrior and everyone thatt
reinforced my decision to sell Gold from 18**

Closed the week with more than 500pips.

My boss...you na senior man now. if you no mk profit who else wan mk profit

VlamesIffect:


My boss...you na senior man now. if you no mk profit who else wan mk profit

My mentor sir. Your boy is loyal o.

charly20:



Sharp chart.

My experience trying to correlate trades before execution has not been really great so I wouldn't advice that you continue to use another pair to decide your executions.


This 400-500 pip sell off from GU this week, i missed out because i dey do correlation

thanks so much

I have gotten another information as to why to expect the sell trade and be more confident on it.

it turns out there are two types of divergence, regular and hidden. using the regular divergence instead of the hidden I was using initially, the sell trade would be in order.

let's see how it goes. the learning process is quite interesting. hope to get it someday

VlamesIffect:
Kaybee7000 se you dey see eurjpy... i just dey look the pair since....

Except say eurjpy run one 330+ pips move next week or before month end. Baba fit reverse. Na why i no dey like chase market when i enter...if i wrong i wrong... i no kill person.... We move...

Sigh

Pristine664:


My mentor sir. Your boy is loyal o.

sir I'm not your mentor sir..... Sir any trade insight for next week boss? Anything at all I'll appreciate. Thanks sir.