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USDJPY This was my best trade today and one I know Two Hands was...

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RickM

2,725 Posts.

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21/02/18

20:30

Post #: 31235752
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Originally posted by RickM ↑

Hi Mistyrains

I see your point but there is a reason why we should consider the M5 Chart. Its better if I include a chart.
I consider the M5 as a block of candles that shows a trend. That may be around 1 hours worth of M5 candles that forms higher highs and higher lows. Have a look at the USDCAD over the past two days. I just enter on a pullback to 20EMA and just stray in trade till trend becomes invalid.

I got about 1/3 of that trend and closed the trade on that pull back into red near the top for around 60 pips at 5.30pm.
There is very little risk - maybe 15 pips.
View attachment 978499

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USDJPY

This was my best trade today and one I know Two Hands was on it as well.
I jumped in at 5am this morning when I saw this chart and exited at 1pm for 65 pips. I exited too early as I was getting out for some fresh air.
I did take two other trades today which were a loss of 25 pips on the CADJPY ( got caught on the run against the Yen ) and a 30 pip win on the GBPCAD
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