I started talking about CADJPY and aiming for CADJPY 1 week ago before the sharp fall that generated about 60-80 pips profit for the trade on CADJPY.
eye $cadjpy (that trade we had 300 pips). H4 boxes about same high. let see if there a WRMB to WR the 3 boxes high for more downside
— TerraSeeds FX Tflow® (@terraseeds) February 17, 2014
Reason why I like CADJPY trade, apart from it could be a WRMB of 3 boxes high, one consistent factor that generated a high success rate in trades that I tweeted is to trade near to strong support or resistance levels
How do I know that a BIG movement is going to come
This is always a question on students’ mind. Expect a big movement when minimum 2 H4 boxes are about the same high or low. When H4 boxes are staging sideway, you will expect Big Move or WRMB setup. Easy as that
Where is CADJPY Trigger?
Well we taught this in Tflow® course and all Best Practices Class. Otherwise my tweet will help you on it
— TerraSeeds FX Tflow® (@terraseeds) February 18, 2014
Close of H4 candle below pt 2 becomes the trigger. Remember, my price and chart is from Axitrader, so it’s important that if you are on other broker, your closing price WILL not be the same as mine. So do use Axitrader or its demo for reference. Live account of Axitrader here If you miss the trigger, then NO TRIGGER NO TRADE. There will be trades waiting for you.
The Most Important thing that you MUST know
Pay attention when 2 or more H4 boxes are about same high or same low. Either Big Move or WRMB is going to happen. Keep watch and remind me if you see one. A small reminder makes everyone happy!
— TerraSeeds FX Tflow® (@terraseeds) February 19, 2014
@terraseeds wake up to see another tp! +92 pips. Jin happy! Jin thank u! ^^
— Michelle Chia (@chiamich) February 20, 2014
Update (21 Feb 2014 3:27pm by Jerome)
Currently price is stopped at support around 91.77. Once price can close below this, then subsequent levels will come into play.
Update (25 Feb 2014 3:52pm by Binni)
CADJPY did not close below 91.77 and instead bounce up.
It is currently at a resistance.
We can see 1234 showing up on a down flow. Most important, we see point 2 as a box high.
This setup is stronger because pt 2 is near to last thurs high, so a WR of pt2 will also WR 2 boxes high