FOREX DOJO TRADE # 33

Tonight i bought @ 128.98 with TP 129.74 and SL 128.49.

On the 4 hour chart Important resistance around 128.40 - 128.50 has been broken with the next important trend line resistance is around 130.00. The lack of a strong dip indicates that that the pair maybe setting up for another move up. RSI is looking slightly bullish and the 100EMA is only 25 pips away. Next resistance in the 1 hour chart is around 129.30. I would set a 35 -40 pips trail to be on the safe side.
 
My platform just loss connection so I will try and do the short 5 - 30 minutes analysis when I get back online.

FOREX DOJO TRADE # 32 (move Sell order)

I noticed an hourly trend line around 127.40, entering a trade close to there is a reasonable bet.

FOREX DOJO TRADE # 32

And the streak continues. Another stop triggered for a loss of 55 pips.

Hopefully my trading vision hasimproved after last week and tonight will be the start of a profitable week. If I am stopped out tonight, I will take a break until Wednesday or Thursday until trading again.

Tonight I will place a sell order for GBP/JPY around 127.49 with a TP 126.55 and SL 128.01. After last night drop from 127.75 I am a bit hesitant to buy until the price can hold above the 100EMA on the hourly. Rather I will sell close to the nearest resistance and hope it is not breached.

I have had a few stops triggered by trying to pick the bottom and am starting to see my mistakes from last week. From now I will always use a fairly tight trail whenever anticipating a reversal.

FOREX DOJO TRADE # 31CONTINUED

My trade from Thursday/Friday is still open and I am more confident now that we will test the 128.10 - 18.30 region after 127.00 proved to be solid. Lets hope that some short covering takes place tonight so that last weeks trade can close in the black and so that this week can start off on a positive note. It is much needed after the losing streak I had last week.