My mistake this is the GBPJYP doh...
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DislikedTom Worry Not I am in the USD/JPY trade as well
Here is an updated chart with a look at the 1 hour TF
Notice a small head and shoulders forming....lets see what happens with it
ZackIgnored
DislikedImanaged to get out at b/e, the retrace was small, smaller than i thought also, I agree with you morse I can see this going further to mid 103's before a stronger pullback
TomIgnored
DislikedZack,
People are getting themselves in all sorts of problems I suggest you give regular updates or reveal how your system works, If you are going by wedge patterns I would suggest this is a false dawn the seldom work! You can not suggest entrys without clarifying why!! We are all still waiting on how your method works, If we had some idea maybe we could suggest or help in entry's and exits, I am not having ago at you but you have not been upfront on what you are doing and why.................RegardsIgnored
DislikedMoney management is a personal choice...but you must be careful with your trades.
Zack
I recommend that if you use the ZUP indicator, you can place stops outside of the box. BUT before you enter the trade make sure you have a reason to enter the trade. The ZUP indicator is based on zigzags and their fibonacci ratios, so if the price goes above or below that box...the zigzags will repaint and the pattern will disappear.Ignored