Finally
Well I've taken some minor trades and one big one that is open and still in the money. All of them have been using the indicators from ASH FX II, but I will usually look at the 4 hour chart and also usually take a preemptive strike when I open the trade. The stochastic is probably the indicator I rely on the most, with the others just being extra support.
The smaller trades were all around 10 pip gains, the theory behind such a small profit being that 10 pips is actually pretty easy to get even if the trade setup starts in the right direction and then reverses.
The big trade (at least big for me) was a also preemptive strike on the GBP/JPY. At the beginning of the month, March 1st, I noticed on the Daily chart, the stochastic was below 20 and preparing to go up. Looking at the Weekly and Monthly charts, they were also below 20, although still moving slightly down. The 4hour, and at the time the 1 hour chart, were setup for a buy. I entered the trade and watched it range around my entry all this week. I could have taken a profit of 50 or 100 pips earlier this week, but I kept my eye on the daily chart for more confirmation about the bullish movement that was coming. Sure enough, this morning i noticed the AO and AC went green; the SAR is the only one left.
So as far as the entry by following the ASH FXII method, today would be a good day to enter the trade.
I guess the good new for me is that because I was already in the trade, I am currently up over 300 pips. I moved my stop to a 50 pip profit point to lock in some profit but still allow plenty of movement. My own analysis puts a profit target at 140.00 which is the weekly pivot point resistance (at least as far as my calculations go, I could be wrong).
So, I'm feeling good about all this. Hopefully I can maintain my composure and keep the previous greed problem buried.
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