GBPJPY hourly close above the daily pivot. So far so good. The next hourly close will need to also be above this level for me to maintain my confidence heading into the weekend... Will be looking for a minimum of 300 pips on current positions, as ...

Goals will either limit you or push you beyond your limitation

H1 chart is looking like a buy right now... if you don't mind the weekend risk SL could be below the weekly low or the 3 day low, depending on your risk preference...

GBP/JPY

Been looking for a thread to bounce ideas on GBPJPY. Congrats on all who are trading this pair successfully... I haven't read through all of the thread, so sorry if this has been posted already, but has anyone noted the weekly chart? Break out of ...

GBP/JPY

Another trade idea... The EURJPY also looks really good on the weekly chart, breaking out of a flag, or triangle, whichever way you look at it... Risk/Reward is 1:5, but if it breaks above the last high, the sky is the limit on this one too... Just ...

Goals will either limit you or push you beyond your limitation

Can't help myself, but watch this trade closely. Looking on the 4 hour chart, we need a strong upward move/close above 178.122, as the price is kind of consolidating again. Will look also for the daily close to hold above that too. Then, next thing ...

Goals will either limit you or push you beyond your limitation

Here's a long term trade idea... Entered long on GBPJPY today with a profit target of 3300 pips. Here are the reasons for my trade: 1) Looking on the weekly chart, last week was a nice strong break out from many weeks of consolidation 2) Today on ...

Goals will either limit you or push you beyond your limitation

Kind of breaking it down... 1) make sure all the indicators line up (there are numerous indicators if you include the colored lines) 2) make sure the pivot points line up and are in agreement with you trade, and give your trade enough room 3) Check ...

Trend Follower 5 Minute System

I've tried this system numerous times, and the conclusion I've come to is that it simply doesn't work for me, regardless of what time frame I use. There are too many things to look at and try to keep track of, and I end up stressed out from all of ...

Trend Follower 5 Minute System

USDJPY 4 hour chart - a close above the blue box, will consider adding to my positions. A close below the blue box, I may exit with profits, and wait for a signal to re-enter...

Goals will either limit you or push you beyond your limitation

As I continue to learn and adjust, I'm finding I prefer the longer time frames better, as they give me a clearer picture of the trend, as well as offer higher potential gains, and less trading... Here's an example of my latest trade. I actually went ...

Goals will either limit you or push you beyond your limitation

Wow, seems there's no stopping GBPAUD from it's upward trend. Never came back for me to enter, but broke out and made a new high again. Will not chase it today though. Does seem to be slowing a bit though, finally. Will need to pull back sooner or ...

Goals will either limit you or push you beyond your limitation

Okay, GBPAUD may successfully tempt me back in. If the price approaches the arrow, I may go long, but only with the intent of capturing some of the range bound movement. I won't hold for more than a few hours. Assuming the price reaches my entry ...

Goals will either limit you or push you beyond your limitation

Bearish bar on the 4 hour chart, and saw some consolidation on the H1 chart, so I played it safe and exited with 3:1 R:R. My next challenge is to resist trading today, since I don't think Friday is a good day to trade - Too easy to get stuck in a ...

Goals will either limit you or push you beyond your limitation

I decided to go ahead and take profits on one (GBPJPY), and let the GBPAUD go, to see if it will run up some more. On the daily chart, doesn't seem like too much resistance for a while... I have my take profit set right below the open price of the ...

Goals will either limit you or push you beyond your limitation

Posted charts of my 2 open trades above. Showing what it looks like on the 4 hour chart. Seems bullish, still and tempte to hold over night. If I only sleep for 6-8 hours, that's only a couple more candles on the H4, so, it might be worth it to see ...

Goals will either limit you or push you beyond your limitation

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Goals will either limit you or push you beyond your limitation

Okay, moved SL to break evenish (a little profit). Both pairs seem like they really, really want to go up some more, or so it seems to me. We'll see what happens, though. I can't watch these trades for a couple hours but I'll check back at the 4 ...

Goals will either limit you or push you beyond your limitation

...and now they look like there trying to break out on the upside again Maybe I'll see what it looks like at the next H1 candle close. Just don't want to ruin a good week with a couple losses....

Goals will either limit you or push you beyond your limitation

Both GBPAUD and GBPJPY have gone up but have started consolidating again. So, the trend might be fizzling out and maybe ready for a pull-back. Still could break out on the upside, but I doubt I leave these trades alone overnight. Will probably close ...

Goals will either limit you or push you beyond your limitation

Of course right after I say "one trade at a time", I see a nice break out on the GBPAUD happening on the H1 chart... If it still looks good in 15 minutes (hourly close and also H4 close), I do believe I will jump in on this one...

Goals will either limit you or push you beyond your limitation