Hi,
Purpose of This Thread is to keep a Journal and Rationale Supporting the Accepting the Transactions. I mainly trade GBP/JPY on the greater TF. More to come and to the infinity and beyond...
OverAll Market Direction Trend: Tunnel 30 sma
minor s/r: 12 sma
When Price is over the Tunnel
1). Buy: (Price in management of main Trend)
When HA turns Blue
Additionally consider TDI to not be oversold area near 68 lineup Esp the Yellow Line
First TP (04/0.5): 40 pips
Second TP: Change of HA Color to Red
two ). Sell: (Short Term Correction ) Against the Main Trend
When HA turns RED
First TP (0.75): 30 pips
Second TP (0.25): Change of HA color to Blue
When Price is below the Tunnel
1). Sell: (Price in management of main Trend)
When HA turns Red
Additionally consider TDI to not be oversold area near the 32 lineup Esp the Yellow Line
First TP (04/0.5): 40 pips
Second TP: Change of HA Color to Blue
two ). Buy: (Short Term Correction ) Against the Main Trend
When HA turns Blue
First TP (0.75): 30 pips
Second TP (0.25): Change of HA color to RED
Daily Update on the Trade: GBP/JPY closed as a PINBar testing the TrendLine. Next Week should see upside to test the top end of this trendline and the resistance cluster at about 153.21 to 154.68 (Murrey Math Lines). Support of 149.60. Next week would likely test 150 area .