EUR/JPY CYCLES UPDATE Part1

[rufffen]

TRADE SETUP TOTALS AUGUST WEEK 1:

So far thread resutls are as follows:

CHF JPY 1 trade +44
CHF JPY 2 trade +53

EUR JPY 1 trade +83
EUR JPY 2 trade +62

USD JPY + 115

USD CAD -24
USD CHF +81

EUR CAD +73

GBP USD -53

EUR USD - 42

TOTAL + 353 pips per one lot

Nothing much this week, primarily due to risk aversion on majors (EUR and USD)

[rufffen]

Oh forgot to say, you have to take yen crosses profits before NFP release

[rufffen]

Update PRE-NFP:

GBP USD SL 8940
EUR USD SL 2855

Possible new SETUP

SP500 BUY BUY WINDOW 1250-1265 SL 1248 TP 1305.
Could be a good chance to get in on SP500 tomorrow, before it rallies further NORTH.

[rufffen]

Reminder: Make sure you have a risk profile in your trading, and remember that at any rate risk aversion is better, than financial loss.

In fact most of my profits are not related to major and volatile news-events.

[rufffen]

NEW SETUP

USD CHF BUY BUY WINDOW 2340-2360 SL 2300 TP 2470 (high probability and good Risk/Reward)

NOTE:Only take this trade if prices stay within 2280-2340 prior to NFP release
NOTE2: SHORT SELL WINDOW BELOW 2250 (TA Blackhole). TP1 2150.
No SL on that one, once +80 trail with 40 pips stop. (low probability and good Risk/Reward)

Either one of the scenarios is possible, since EURO is picking direction now, and GBP can take a journey towards 9000 levels.

[rufffen]

NEW SETUP

EUR JPY SHORT SELL WINDOW 147.55-147.75 TP 146.60
SL 147.95 (current rate 147.43)

[rufffen]

GBP USD was triggered, SL moved to 8940, don't need more risk here.

[rufffen]

OK, I suggest to move stops to BE on EUR/JPY

Looks like EUR will push ahead to 2920.