wasp

Nice one mate! I just managed to exit that 1/3 of the way through with some stupid 5min S/R exit theory and watched the last 200 move without me! :doh:

Knocking this on the head and if no objections, I will remove the thread at the weekend. TBH, as expected, as soon as I put it into practise, I missed a good move then exited a good one 50% early thanks to the smaller TF analysis. EOD, I have a bleedin' good method and 1 week of madness should not make me change that so back to the original plan, accept the crap and carry on regardless........

...on GBP/JPY???

TBH ATM it's not looking good. There are occasional days here and there, even the odd week but for an overall R:R and ROI, swinging looks still the best option on a whole. Not stopped yet but I think it's going to be more for improved entries.

This thread is going to be for notes on trading GBP/JPY intraday off as small as 5 minute charts. It may turn out to be nothing in which case I will delete it but for the time being, I shall be viewing, recording and noting my style on a smaller timeframe and seeing if it warrants further investigation. It may turn out to just be useful in pinpointing longer term moves. Comments, thoughts, musing and input welcome.

I hear I am no longer No 1 on that other forum! :beer: If only the replacement occasionally posted something regards trading....! Seems his signature is quite apt. I wonder when they will change the website name to 'big unrelated-to-anything chat site'!

Cor blimey guv'nor! A trade actually going to plan!

Cor blimey guv'nor! A trade actually going to plan!

I thought about it but I had this nagging feeling that if I deviated slightly from my regular plan, the plan would work and the 5min would screw me! In fact, a quick look through and this was the only day it would have been advised (compared to as far back as I looked)

Not bleedin' hard this week!

cowpip posted a good thing.... High volatility, drop the timeframe.... This is the last 24hrs!

Volatility is only any good if you profit from it!

Sat at my drawing board (no, I don't have an actual drawing board!) and contemplating the week. Yes, I accept this week has been a bit manic but it's an easy excuse for a mess and one that can be used all too easily (tight, choppy, out of character)... For me, a skilled trader has the essence in his hands and the 'conditions' mean zilch. So I have been going back to start and here are 3 charts......... 1: original old 240m S/R 2: S/R on the 60m 3: current style (that has netted me 1000+ a week for the last month or so ffs!)* So what can we gauge and improve by looking at these 3? * It would have been better had I not missed the 400 thanks to my laptop dying!

Not at all and welcome. Any market, any timeframe, any view. More the merrier. Interesting viewpoint and I will reply in depth when I have more time but wanted to say Hi for now and good to have someone else on board.

good thinking! Could have made a weeks pips in the last 24hrs!

I'm not even trading atm... just watching... this is crap PA and no good for my style

This is turning out to be the worst week in a looooooooooooooonng time.

A shame we can't have this volatility but nicely stretched over a few more hours. You, know, buy Monday for 500 and sell down Tuesday for 500 more... back and forth all week! Net us all a couplf thousand pips! Oh, with 10-15 pip stops needed max!

mid week Gin and Vermouth time I think!

madness I tell ya, madness!

Has anyone got any idea where this is going?!!! I like to think with a S/R or two and trendline I have a good inkling, but right now, I have no idea whatsoever!

yep, I am not going to start using 100 pip stops either!

I am having a shit week too! Missed the move up, took a couple of hits in the congestion, and then my laptop died on me and having to use a poxy 5 year old PC with windows millenium on it whilst I get it sorted out!! The stops needed at the moment are too big and whilst in 'no mans land' down here, my S/R levels are not working! Think I may take the rest of this week off whilst getting things sorted out!

It just had to be the biggest intraday move in 5 years!!!

I ended up taking 4 trades that lost in that congestion which is why I didn't short but had I stuck with the plan and only had 3 losses prior, all would be fine. The SL on the drop required was only 10 max and it would just be another normal trade otherwise. Just bigger! Not much can do about it now though. Followed the rules at the time and risk before reward in my book.