Blog icon: Usd-Jpy
The Usd-Jpy formed a well defined bullish pinbar off key horizontal support level through 81.80, on the daily chart, at the close of the market last Friday.

Looking at the daily time frame of this pair we can clearly see that the preceding daily candle also closed as a pinbar, rejecting same support zone, hence giving us a double pinbar rejection price action formation - a fairly strong PA signal.

The consecutive formation of the two pinbars off support through 81.80 is a good indication that the pair is not ready to see lower prices (just yet), and is most likely set for a rally. That is the psychology behind the candle stick. I am consider going long by market open based on the signals I have explained above.

Giving further credence and confirmation of a buy signal is that fact that the pair is currently in an up-trending market condition, hence going long will mean going with the general trend of the market - a very good way to trade. Another point of confluence that can be added to buttress a buy is the fact that the double pinbars also showed rejection of the 50 Fib retrace level of the last swing - which I purposely left out of the chart for clarity.

Having interpreted the signals that this pair has given me, as above, I will be going long by market open. Owing to the fact that I never take trades with a risk to reward ratio less than 1 : 2, the only way I'd be taking is with a retrace entry. The parameters are as follows:

Buy (limit pending order) @ 82.40
Stop loss @ 81.79 (60 pips)
First TP @ 83.32 (90 pips)
Final TP @ 83.92 (150 pips)

There is a little bit of resistance @ 83.32, so I'd advise that you trail your SL to break even (entry price) when/if market gets there, take partial profits there if you so choose, then target the final TP @ 83.92.

Take note that the market may not likely retrace to the exact entry point (82.40) as specified above, so be on the look out for a good entry of yours if you are hell-bent on not letting the trade run away.

You take the trade above with me and other members solely at your own risk. Be sure to manage your trading risk very well, as this setup is not guaranteed to work out.

Safe trading and a great Sunday to you!

Blog Icon (Ugo Dosh).

honeric01:
nice one bro.

honeric01:

nice one bro.

Blog icon:
Thanx man. How trading dey go?

Blog icon: Usd-Jpy
The Usd-Jpy formed a well defined bullish pinbar off key horizontal support level through 81.80, on the daily chart, at the close of the market last Friday.

Looking at the daily time frame of this pair we can clearly see that the preceding daily candle also closed as a pinbar, rejecting same support zone, hence giving us a double pinbar rejection price action formation - a fairly strong PA signal.

The consecutive formation of the two pinbars off support through 81.80 is a good indication that the pair is not ready to see lower prices (just yet), and is most likely set for a rally. That is the psychology behind the candle stick. I am consider going long by market open based on the signals I have explained above.

Giving further credence and confirmation of a buy signal is that fact that the pair is currently in an up-trending market condition, hence going long will mean going with the general trend of the market - a very good way to trade. Another point of confluence that can be added to buttress a buy is the fact that the double pinbars also showed rejection of the 50 Fib retrace level of the last swing - which I purposely left out of the chart for clarity.

Having interpreted the signals that this pair has given me, as above, I will be going long by market open. Owing to the fact that I never take trades with a risk to reward ratio less than 1 : 2, the only way I'd be taking is with a retrace entry. The parameters are as follows:
gud one

Buy (limit pending order) @ 82.40
Stop loss @ 81.79 (60 pips)
First TP @ 83.32 (90 pips)
Final TP @ 83.92 (150 pips)

There is a little bit of resistance @ 83.32, so I'd advise that you trail your SL to break even (entry price) when/if market gets there, take partial profits there if you so choose, then target the final TP @ 83.92.

Take note that the market may not likely retrace to the exact entry point (82.40) as specified above, so be on the look out for a good entry of yours if you are hell-bent on not letting the trade run away.

You take the trade above with me and other members solely at your own risk. Be sure to manage your trading risk very well, as this setup is not guaranteed to work out.

Safe trading and a great Sunday to you!

Blog Icon (Ugo Dosh).

honeric01:

Bro, i am coping bro and taking what i need from the market while watching my back. hope you're back for full?

Blog icon:

Good to hear. Yeah, I'm fully back.

JAkpayen: work for xtra pay, research more into forex, preaching, reading qualitative materials, abbl (ati be be lo). Infact my weekend too small for me. **wish the weekend is always 48hrs/day****

Blog icon: Usd-Jpy
The Usd-Jpy formed a well defined bullish pinbar off key horizontal support level through 81.80, on the daily chart, at the close of the market last Friday.

Looking at the daily time frame of this pair we can clearly see that the preceding daily candle also closed as a pinbar, rejecting same support zone, hence giving us a double pinbar rejection price action formation - a fairly strong PA signal.

The consecutive formation of the two pinbars off support through 81.80 is a good indication that the pair is not ready to see lower prices (just yet), and is most likely set for a rally. That is the psychology behind the candle stick. I am consider going long by market open based on the signals I have explained above.

Giving further credence and confirmation of a buy signal is that fact that the pair is currently in an up-trending market condition, hence going long will mean going with the general trend of the market - a very good way to trade. Another point of confluence that can be added to buttress a buy is the fact that the double pinbars also showed rejection of the 50 Fib retrace level of the last swing - which I purposely left out of the chart for clarity.

Having interpreted the signals that this pair has given me, as above, I will be going long by market open. Owing to the fact that I never take trades with a risk to reward ratio less than 1 : 2, the only way I'd be taking is with a retrace entry. The parameters are as follows:

Buy (limit pending order) @ 82.40
Stop loss @ 81.79 (60 pips)
First TP @ 83.32 (90 pips)
Final TP @ 83.92 (150 pips)

There is a little bit of resistance @ 83.32, so I'd advise that you trail your SL to break even (entry price) when/if market gets there, take partial profits there if you so choose, then target the final TP @ 83.92.

Take note that the market may not likely retrace to the exact entry point (82.40) as specified above, so be on the look out for a good entry of yours if you are hell-bent on not letting the trade run away.

You take the trade above with me and other members solely at your own risk. Be sure to manage your trading risk very well, as this setup is not guaranteed to work out.

Safe trading and a great Sunday to you!

Blog Icon (Ugo Dosh).

bond777:

Bros morning, i no go mind the piplocker. Kindly send to piphutent@yahoo.com

Cheers

bond777:

Bros morning, i no go mind the piplocker. Kindly send to piphutent@yahoo.com

Cheers

Divinejoy:
kindly help with piplocker email: mailsp2007@yahoo.com
God bless.

nolly042: bros me too need that stuff abeg. days like friday needs that. ndwalkings@gmail.com

nolly042: bros me too need that stuff abeg. days like friday needs that. ndwalkings@gmail.com

infofirst: @Silbaba, i need d piplocker too at amazeez@yahoo.com

Ogboraph: yes my calculation was correct i bought GU and Eu and USDJPY on friday know there will be a jusmp up and it worked perfectly

silibaba:
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