AUDJPY
Rejection done
Retest done
15min Moving average cross over done
MACD confirmation done
Stop lost on favorable less 30pips away
As of 6-13 Asia time retest was form which created new oportunity if this will be followed
at 5:04 pm of 6-13 philippine time my running profit is now negative 50 cents since the retest is about where i start my trade. What is testing right now is my faith to trust the system I created but since i consider this a retest for this time i move my stop lost on structure based which is from 30 pips to 20 pips.
OBSERVATION
Along the way if Rejection come prepare for retest because of this a 30 pips take profit must observe to have one step forward to the market. I did not do this on this trade since my brocker doesnt allow me to trade anymore Next time i will be trading .05 so that i can observe 30 pips take profit. creating 2 trades which boost the percentage of winning.
15 min cross over = breaking the retest in 1hr
ENHANSMENT
USDJPY
head to neckline
15 min cross over did not break the 1 hr retest the market went to opposit direction which will be a potential Lost trade. Start of the HEAD look to the left for Support and Ressistance.
1hr Rejection , 1hr Retest, 15min crossover and MACD confirmation is not enought to start to trade from Head to neckline
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