Here we have a nice Master Candle set up with the RSI trying to peek out, we had slight divergence earlier and the H1 had a Pinbar right on a S/R line. The M5 Cec and the Triple Stoch coming down through its gray zone really seals the deal here. Exit was at the CeC against the trade for a small-medium win.

This was a total beauty, if you were ever going to take a breakout then this was it. We had a channel that had formed and the low was 121.00, I placed a couple of ines around this channel and this was the area to break in order to trade. The H1 was a CeC if 121.00 was broken also, and that break of 121.00 set up the breakout also. Just before we broke out there were some M5 CeC’s and finally just to set it up perfectly we had an M2 CeC right near the 21SMA. This trade was exited at the reversal candle CeC for obvious reasons Ihope

I will only be updating this blog once or twice per week as it is a bit time consuming and I have several projects on the go at this point.

Small EUR/JPY Buy this morning

I entered at the CeC on the rising 21SMA after the Triple Stoch had made it nack to, and was bouncing off of, its gray area. The H1 has alot of “pro long” action going on and I was expecting a better result than just 6 pips but you take what the market gives and move on. The exit is obviously at the CeC against me. Simple not so successful trade and needs nothing more said.

1. Did not enter on this CeC (Candle eats Candle) but instead waited for the break of these multiple MC’s (Master Candle’s) on the M3 and M5. It clearly needed to break that imaginary line to go anywhere. It also was setting up a breakout and I was expecting a good move. It was a bit slow and boring but I grabbed my pips and called it a day

1b. Exited here afer putting my SL a few pips below that puny IB (Inside Bar) that we had

1. Took my 1st trade this morning off of the M5 with M8 looking right also. Market was not moving much at that time and even using the M5 CeC (Candle eats Candle) to enter, my SL (Stop Loss) was only 15pips. Triple stoch had just entered its gray zone and clearly we were in a hard downtrend since the markets opened for the week

1b. Exit was based on all time frames looking to be re-considering the move down

2. Shortly after I exited my first trade, we had a nice M2 pullback with CeC right off of a pivot line. Only the M5 was looking a bit dodgy but everything else looked great so no problem

2b. Usual SL rule exited me from this trade and we take note of an S1 pivot line rejection for the near future

3. Clean pullback on the M2 to the 21 followed by a CeC so I thought I would go for 1 more ride.

3b. Exited this one at S1 due to previous rejection and obvious stall when it got there