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EURJPY: Applying the WRMB strategy

Overview of the pair on D1 charts

D1 chart of EURJPY shows current supports

D1 chart of EURJPY shows current supports

  • Price is currently approaching support made of previous turning points on the D1 chart

On the H4, we can see that price has completed a WRMB on the close of the previous week.

Price completed a WRMB on EURJPY as seen on H4 charts

Price completed a WRMB on EURJPY as seen on H4 charts

  • As price is currently close to support, any retracement to previous resistance of the 2 H4 boxes high in the form of a 1234 pattern could give us some opportunity.

The next supports can be seen clearly in the higher timeframe charts.

Next prominent support zone seen clearly in Weekly charts

Next prominent support zone seen clearly in Weekly charts

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Last time, many things that I wanted were just dreams, now I see them as possibilities. I’m looking forward to own pent-house suite in Manhattan overlooking Central Park because forex trading with Tflow® makes it possible. Find me on Google+

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9 thoughts on “EURJPY: Applying the WRMB strategy”

  1. Epifanio Cordova says:

    Hi Jerome, what is WRMB? last time its only wash & rinse but now already have WRMB. Sorry for this question because i was lost in the forex market after studying in Teraseeds last 2008 and trade for a while i get frustrated and stop trading forex and focus on stocks trading. Is there any way for me to get oriented again in the forex world for the second time around. I’m doing good in stocks but forex looks like a different animal to me – a very dynamic market but terrasseeds strategy work you guys maybe it can work for me some time in the future.

    1. Jerome Lee says:

      Hi Epifanio,

      WRMB means WR of many boxes. The main concept is the same as WR except that it is applied with boxes. Boxes will probably be something new that you did not experience during your intake. I would suggest that you take a recourse as its been 3yrs since your intake and you might benefit from a refresher of what is taught as well as to understand more about box theory. Drop us an email at forex@terraseeds.com and we can send you more information regarding this.

  2. Epifanio Cordova says:

    Hi Jerome, the box to box in H4 or D1 chart to determine market sentiment is it autoplot by the setup? If yes, then it is a save of time to plot those boxes and kudos to terraseeds for automating this setup. And how many triggers do we have now? I can only remember TR (test-retest) and WR (wash & rinse) and 13TL. Is it still ok for me to comeback to terraseeds to fine tune my TFlow again after for a long time lost. Honestly, after studying TFlow (i think im batch 16) and when i play live account i was winning some pips and really like EWUS strategy then after few months i dont know what happen maybe i force to create my own trigger without TFlow then i start losing then i get frustrated and quit forex trading. I focus on trading stocks and the skills that i learned from Terraseeds work for me. And im profitable in stocks trading now in Philippine market. Is it possible for me to comeback again in Terraseeds to catch up again in TFlow.

    Sincerely,
    Epifanio Cordova

    1. Jerome Lee says:

      Hi Epifanio,

      Boxes can be drawn on MT4 manually. The charts with boxes that I have are drawn by a paid indicator called nBOX which automates the drawing of these boxes. The 3 triggers you learnt during your course are still the ones which we use. As I mentioned in my early reply, the only difference would be boxes and how it is incorporated together.

  3. Epifanio Cordova says:

    So Jerome am I still welcome to join in Terraseeds review class eventhough i did not trade forex for quite sometime? Thank you very much…

    1. Jerome Lee says:

      Hi Epifanio,

      Of course you can come for the support classes. As mentioned to you in my reply to your previous blog comments, I would suggest that you take a recourse to refresh yourself with the concepts of Tflow® again. I’ll drop you an email with more details, however if you do not receive, please let us know at forex@terraseeds.com

  4. Glenn Hong says:

    Hi Jerome,

    Was looking at the EurJpy charts, and recalled this post of yours. It seems the first level of support has been breached. Price now heading for the next level of support (137.60-138.00)?

    1. Jerome Lee says:

      Hi Glenn,

      Yes that is possible. Look for retracement to around previous support level now turned to resistance in the form of a 1234 pattern.

  5. Glenn Hong says:

    Thanks Jerome.

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