So today we saw some plays on #eur/usd # usd/jpy and #usd/chf. We also saw some plays on Gold, GBP/CAD and GBP/JPY but won't talk about those for now.
Below is my trade on USD/JPY. I took it on the hourly time frame looking for the Wave 5 up. As aimster you are taught that we are all interested in the 5th. We always work our way towards TZ1. 80% of 5th's do end up touching or going past TZ1.
[TZ1 and 5th are our trading tools. You can learn more about it in the members section. ]
I'll just copy and paste from our AIMS Skype Live Trading Room.
"so on UJ i took a 20 pips SL on the first trade and closed out at -1R. but went back in , this time at the close of the bar mentioned above with a 15 pips sl and grabbed another 30 pips that's 2R. Meanwhile went with 15 SL on EU and grabbed 25, exited slightly earlier than TP."
|USD/CHF Trade Here we show you how to trade the Fruit Signal|