Adjusting stop and target.

Zappa's Journal

Well last two trades sucked. Hopefully this one will work out better. BUYING CADJPY.

Zappa's Journal

Going back to the failed AUDJPY long, I see a couple things I could have done and viewed differently to improve. #1, I could have and should have put the stop much closer than I did when I entered (see chart). The fakes were good, but there comes a ...

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Not much below. Huge potential here.

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Going short USDJPY. Stop= 120.50. Target open

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The thing I liked about the AUDJPY chart is the nice fakes we had, especially that last one (chart). Really, that is where my stop should be, so I am moving it there. It looked like it might be ready to pop last night, which is why I bought, but it ...

Zappa's Journal

Yeah, I do think EURUSD will head higher, but I would need to keep the stop at b/e and market was comatose when I got out. AUDJPY went against me since my entry last night, but the stop was not hit and it looks to have reversed. I feel good about ...

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EURUSD trade probably would have been alright, but my patience for trades that start moving slow and wasting time is wearing thinner and thinner with experience. So on to the next trade. Buy AUDJPY.

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Volume just not confirming my bias. Exiting EURUSD here at 1.1340.

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One pattern leads to the next right now in EURUSD, and I have found another one in a higher TF. The target on the higher TF pattern is above 1.2200, but I think I'll get out early at 1.2080. This equals a reward greater than 6 times initial risk. ...

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Hey bodring, been riding motorcycles in the mountains of North Carolina this week and Internet is very slow.Sorry for late reply.The target was determined by a pattern I discovered recently that seems to be a very good one. I can forecast the target ...

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I think 1.1870 will be reached, but it might take some time. I'm moving target closer to 1.1655 in hopes that target will be reached by the end of this week.

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Raising target in EURUSD to 1.1870. Cancelled GBPUSD entry order for now. This has nothing to do with greed. I have found another pattern in EURUSD that signals a move to 1.1940. 1.1870 should be no problem. Stop is now at 1.1214.

Zappa's Journal

I'm thinking my target in EURUSD will be hit around the same time GBPUSD will be making a high. I'm going to short GBPUSD if it reaches my entry point (chart). SO much for the smaller trades...hehe. This set-up looks too hard to pass up.

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I'm long unless 1.1228 gets hit. I wouldn't read too much into the spike there. This still looks like a very good trade set-up for bulls.

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No, it was based on a consolidation pattern that portends a breakout to a certain length. The trigger to the breakout point has not even been hit yet, but I anticipated a move to that point by observing PA on the 1-hr and 4-hr charts, as well as by ...

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We'll see. I'm doing much better with these smaller trades, and AUDCAD is just ridiculous with its inability to make the drop. Fuck, maybe I'm the retard here and the bastard has been making a bottom this whole time! I'll continue taking the smaller ...

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Good call, Bodring. Still looking bullish to me, though.

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About to breakout, IMO. Looks very bullish to me.

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Moving stop much closer.

Zappa's Journal