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Short 1 lot (200 units) GBPJPY @ 5818 Stop @ 5925 (-107) Target @ 5711 (+107) Confidence level: 5/10 Reason to take trade: TriScreen setup Click above for larger image I got stopped out for a -107 pip loss. As you can see, I didn’t wait for the %R to roll out of [...] Short 1 lot (250 units) GBPJPY @ 5567 Stop @ 5660 (-98 pips) Target @ 5464 (+98 pips) Confidence Level: 7/10 Reasons to enter trade: Same as the reasons in previous trade. TriScreen setup This is a re-entry of the previous trade on 7/19. Click above for larger image This time the trade [...] Short 1 lot (400 units) GBPJPY @ 5491 Stop @ 5545 (-54 pips) Target @ 5326 (+165 pips) Confidence Level: 5/10 Reasons to take trade: Bounce off 5489 key level Bounce off bottom of channel on Daily chart Previous support fractal Early TriScreen entry, MACD divergence Click above for larger image I got [...] Long 1 lot (100 units) GBPJPY @ 4812 Stop @ 4613 (-199 pips) Target @ 5016 (+204 pips) Confidence Level: 5/10 Reasons to take trade: Bounce off S1 Pivot Big figure bounce at 4800 Late TriScreen entry Support level on 15 min chart Click above for larger image The fact that I entered [...] TriScreen Trade Short 1 (100) GBPJPY @ 5496 Stop @ 5585 (-89 pips) Target @ 5374 (+122 pips) Click above for larger image Confidence on this trade was 6/10. Entered the first position early and entered the second position on the traditional TriScreen entry. The entry level on the first position was triggered [...] This was another TriScreen but with a big stones early entry. Short 1 (400) GBPJPY @ 4968 Stop @ 5010 (-42) Target N/A It was late in the day and I saw that price was bouncing a third time of a significant resistance point. I decided to enter on what Chris Lori calls the [...] This was a TriScreen Trade that was executed late but was done in conjunction with the break of a previous support level. Short 1 (100) GBPJPY @ 4697 Stop @4790 (-93) Target @ 4515 (+182) Click here for larger image This was a bad trade. I should have stuck to the rules of [...] TriScreen Trade Short 1 (400) USDCHF @ 1450 Stop @ 1519 (-69 pips) Target @ 1370 (+80 pips) Click above for larger image I got stopped out for a -72 pips loss. The target on this trade was way too ambitious. I should have taken the 25 pips and gotten out when price [...] Like I mentioned the previous post, this is still a valid trade and I decided to enter again when the %R rolled out of overbought. Short 2 (250) USDJPY @ 9845 Stop @ 9895 (-50) Target 1 @ 9675 (+170) Target 1 @ 9750 (+95) Again, this is a TriScreen trade and my confidence [...] Short 1 (500) USDJPY @ 9823 Stop @ 9875 (-52) Target @ 9735 (+88) TriScreen trade - On this trade I didn’t use two lots like I usually do because my backtesting has shown that adding the second lot in the USDJPY pair doesn’t significantly add to the bottom line and may in fact [...] |
 
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