EURJPY 200+ pips trade

[finikas]

EURJPY under 4hours has a good BUY setup that could give 200+ pips.

- A solid Up Trend Line
- Majority of Trend Indicators are pointing Up
- Currently is under a down correction
- Majority of extreme indicators are pointing it is oversold and hence may start rising up soon.

 

[finikas]

100 pips earned so far

Hi all .
I hope that you took the buy trade as I pointed out yesterday.
The price was at around 114.01 when i showed the trade and has now moved to 114.97 earning me 97 pips.

What is also important is the fact that all the candles since that time have been bullish. This points out the importance of timing your entry and not just being right, but BEING RIGHT AT THE RIGHT TIME.
By having a method to achieve the above it is very important as it can save you a lot of stress by not having to watch the market run against you 50-60 pips before it starts moving towards your direction. I just love watching a trade move on my favor from the opening till the closing.

 

[stonecoldmichael]

well played sir, well played

 

[finikas]

140 pips earned

Thank you stonecoldmichael

The pair reached 115.40 giving 140 pips so far .

If you are interested to know how I spot this trading opportunities I use this system described here

http://www.theforexcabin.com/trading-systems/trendwaveextreme-system/

It takes into account both the trend, short term trend, and extreme market conditions to ensure you enter the market at the best possible time