CADJPY & EURJPY long trade taken

CADJPY pair in the H1 timeframe. As I've posted few minutes back, I've entered for long in this pair at the closing of the previous candle.

Let's see... what happens...

Also similar condition in the EURJPY pair.

I'll put the update later.

Happy Trading





Quick Update:

Both the pairs hit the SL. It was inevitable if we look over to another correlated pair: GBPJPY

When there was an exhaustion candle at the above-mentioned pairs, here there was no exhaustion candle, rather a big bear candle.

I was aware of the condition but I wanted to experience it myself.

It's a demo account, so what to lose??

Again, Happy Trading.

Waiting for long entry in CADJPY pair

CADJPY pair in the H1 timeframe. Price is creating an exhaustion candle at the daily pivot.

I'm going to enter long here with a stop loss at the tip of the lower shadow and TP at near the R1 level.

Let's see what happens.

Happy Trading

AUDJPY late long entry on an exhaustion candle

AUDJPY pair in H1 timeframe. I was following the pair but somehow I've got involved in mobile handling.

I missed a good entry-level, even then I've entered the trade long.

A bearish pinbar after sharp fall can make the price to retrace to the next resistance level drawn by daily pivot. Let's see what happens next.

Happy trading.

Missed a trade in GBPJPY pair

GBPJPY pair in H1 timeframe. The first day of a trading week is usually not eventful. And also I was busy with family matters.

When I reviewed my selected pairs, I've found that I've missed a nice trade with 1:2 risk to reward ratio. Price created a bearish exhaustion candle at a resistance which was nearly an ideal candle to trade on.

 At the time of writing this post, the price already reached the probable target area for the trade.

Happy trading.

USDJPY is going towards the daily pivot

USDJPY pair in the H1 timeframe. Price is in a clear down trend.

Price moved down from the pivot point and crossed the S3 zone. After crossing the S3, price created a bullish exhaustion candle.

At the close of this candle, I entered for a long position. After staying at the level for 3 hours, the price started to move in my direction and rewarded me with some handful of pips. As I was not able to follow the trade, I've closed it with a TP at 35 pips. It had a full swing of >60 pips.

I've followed Pro Trading Strategy by Navin.

Happy Trading!!!

Few Pips from NZDUSD pair

NZDUSD pair in H1 timeframe. I'm now using the Pro Trading Strategy by Navin Prithyani.

Here Daily pivot points are used in H1 timeframe. Any exhaustion candle at pivot point gives hints about having a probable entry point into the market.

Then the immediately above and below the exhaustion level, pivot points are analyzed to see whether any barrier nearer along the trade direction. If all is ok then we entered on the closure of the exhaustion candle and TP & SL target will be the pivot points as Navin explained in his tutorial. This is available on internet free.

I've done that for this pair today. Got my pips.