March 20 Intraday Trade

As I mentioned in previous day, we are only focused now on one big trade per month; however, when we see a quick opportunity on Intraday, we take it.  Once you begin trading, you will have the levels targeted with confidence.  See a sample below.

3-20-2014 9-30-29 PM 3-21-2014 6-51-24 AM

 

January 28, 2014 – GBPJPY

1-28-2014 8-54-06 AM

After our 225 PIPS capture (shown in #2), we are waiting for a definitive entry point for #3.  The channel drawn is a 4 HR channel.  Since it is only Tuesday, the entry or confirmation may come as early as Wednesday or late as Thursday – we will wait.

UPDATE:  Captured 60 PIPS from 6:30-7:30AM CST, but before we did that, price RANGED for awhile until London session.