index trade, page-11

Hi guys

Home to start looking at charts and getting back up
to speed. Now that I am keeping a keen eye on
weekly daily 4hr R & S it has broadened my view of a
trade but struggled lately to exit the right ones and
hold the right ones. I have found it choppy during the
euro session this week but it is me out of step with the
markets. No real bad trades this week mostly cutting loses
quickly and trading the jpy. Last two days the gbpjpy has
been climbing and last night it reached resistance level
on the weekly, instead off just letting it shake it's self
I still traded it and even shorted it. I guess I'm asking
for guidance on handling hitting a target zone. Do you
exit and walk away for a while, hold to see if it can
break it or turn directions. I know the answer is
let the market tell you but in the moment it's confronting.

I have been looking for too many trends. I need to see
a move between levels and trade to it. If it trends follow
to the next level. Then comes the choice of exit or
move stops up for a profitable free trade.

Funny that my last postings about the audusd long
proved to be the exact point that it went down.
In reversing a trade I find the old stop level is
the target. .888 is an old high. Some indicies have
dropped into there old high.

Good to read you are enjoying your trading brisvegas
and am trading less and trend lining more.

I now like your charts by50 and even think about
creating one but one thing at a time. Any chance of
weekly usdjpy. It's steadily rising and has held all
main lows. Just looking for potential targets.
I'm think around 91, 95, 99, 105.

Winks I'm glad for my stops on that audusd and water
off a traders back. We trade what we see and that turned
into a straddle. Trades both ways with the winner being
held long enough to cover the other trade and worth
the risk. Didn't do it other than just traded on and
was mostly on the jpy which was fine. And that is
why the indicies have held and even climbed.

To everyone else, thanks for joining in and sharing
your short term trades. Wonder stuff.


Just thinking aloud and asking for guidance.

Now on to those charts.

regards paul