Sell GBPJPY

[Summerset]

Originally Posted by ActiveTC

A beautiful reversal candle is on the hourly charts on the GBPJPY, and it has satisfied its minimum target. The trade is on. SELL GBPJPY.

What Reversal Candle are U talking about ??

[ActiveTC]

a doji on 60 min charts at 251

[ActiveTC]

Here is my plan, I am short 6 lots GBPJPY now, and I will be selling 1 lot on every 0.5 point break starting from 249, so add 1 short at 249.00, 248.50 and so on to 242.80, where I will take my profits, and reanalyse the market, I will not be trading anything else on my real account.

[ActiveTC]

I will start to add shorts in 1 lots from 250 then 249.50, then 249.00 and so on till 242.80 where I will take all profits, the above level was a mistake, I meant 250 instead of 249.

[Summerset]

Originally Posted by ActiveTC

I will start to add shorts in 1 lots from 250 then 249.50, then 249.00 and so on till 242.80 where I will take all profits, the above level was a mistake, I meant 250 instead of 249.

Good Call

Will U bring SL --> 251 entry @ this time, should 250.8-->251 come under attack again ?

[ActiveTC]

Originally Posted by Summerset

Good Call

Will U bring SL --> 251 entry @ this time, should 250.8-->251 come under attack again ?

I use a delta-stop indicator on 1 hourly charts for trailling stoploss, it is now at 249.56, so any hourly close above that level, is not a good sign, like this I can still lock in some profits, but I only use the closing candles since it may test 250 and then come back down to close below 249.56.

[Summerset]

Originally Posted by ActiveTC

I use a delta-stop indicator on 1 hourly charts for trailling stoploss, it is now at 249.56, so any hourly close above that level, is not a good sign, like this I can still lock in some profits, but I only use the closing candles since it may test 250 and then come back down to close below 249.56.

U mean the system is auto programed to do that, stop at closing prices only above 249.56 ?

Or U manually interfere once 249.56 is breached & closed above ?

[ActiveTC]

I do it manually but it can be programmed if you waned to do it.