Hi all,
I've really enjoyed reading through this thread...the method makes sense to me, it clicked, at least so far. I made 25 pips off my first trade this morning (counter trend) on the USDJPY. Thanks for all of the hard work that has obviously gone into this, it is much appreciated.
Regarding the USDJPY, any thoughts on which way from here? Seems to be riding the upper trendline on the 4H and really riding the top of the trendline on the 1H. Will this usually indicate a reversal in trend, or will a TC take place to the downside? I was leaning toward TC down, but after looking at the 1H, I am not sure. I am going to attemp to attach my chart for review.....
Thanks!
I've really enjoyed reading through this thread...the method makes sense to me, it clicked, at least so far. I made 25 pips off my first trade this morning (counter trend) on the USDJPY. Thanks for all of the hard work that has obviously gone into this, it is much appreciated.
Regarding the USDJPY, any thoughts on which way from here? Seems to be riding the upper trendline on the 4H and really riding the top of the trendline on the 1H. Will this usually indicate a reversal in trend, or will a TC take place to the downside? I was leaning toward TC down, but after looking at the 1H, I am not sure. I am going to attemp to attach my chart for review.....
Thanks!