EUR.JPY

[arco]

I decided to take 500 pips, - the action just hit my TP, so a happy
result.......

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For anyone unfamiliar with the Bear Flag.................

The technical target is derived by subtracting the height of the flag pole from the eventual breakout level at point.

[arco]

Quote Post #220

"There's a Gartley on the 1 hr, so could be a good time to grab the balance"

The Gartley I mentioned gave circa 250 pips. I didn't trade this one myself, as I was in the land of nod, but it was a good move for anyone that took the opportunity.

Good weekend all - arco

[AMR]

Seems like a false break below the long term support (thick black line), followed by a bounce and pullback which respected support. Long 150.90 SL 150.45.

[arco]

Wow.....nearly 200 pip drop in EY in seconds.


Fortunate I was short with target +52.5 pips

When you see moves like this it confirms the point about having a stop in place - ALWAYS - just in case of a major move against you.

Could be something to do with some JAP announcements between 5.30- 8.00 NZT

[peat]

Hey arco it came through before lunchtime!! Stop was at 200 pip , take at 600. Very small trade but hey 600...

[arco]

.

Pretty exciting Peat.....the big runs are amazing if you can catch them.

[AMR]

Hi peat, on what basis did you decide to go long?

[peat]

yeh thats the good question AMR
and tbh I'm always a bit suss of post event justifications but heres two pics that supported the stance. first the 3 hour had found support at the 78% retracement and at the 15minute time frame i saw it had done the same tho I'd missed the boat to some extent hence the large stop.

[arco]

Battling against the Kumo.

KS @ 134.86

[arco]

Potentially a small H&S forming on the H1.

Targets below.