12-19 usdjpy
i want to document this blast thru pivots.The vol spike was a heads up i think.Going forward, i want to be aware of these setups, because of the potential for big movesAlso, 1 scale would have been reached before pivot, so free trade after that.the vol spike was on the 5min
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this is nt the best example of a 2nd test of the pivots.I just want to note the setup so i dont forget my thoughts.The first test looking left worked well.However, with a tail so big, im looking to enter on a pb into tail, typically at mid candle.Anyway, I mentioned the 2nd test not being a great example.This is because of the hi vol coil off vwap (eth always) and the ensuing engulfing candle on the 30 min.So , rules for 2nd test, or a fractured setup(not the nicest, are we need 5 and 30 min candle confirm(red hammer or engulf red) AND we must have a pb to midway of candle.This simple rule will certainly have trades go without me,thats fine...Also, for the first hit, if the risk on the 30 min sell candle at the highs is reasonable, ill just market in at candle close.
I keeping an eye on the retraces to vwap.Abuy cadle gets me in,target is larger for last scale.mr1 was hit.Sell candle at double top/mr1/sd2 for short.
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here is another serious launch from vwap.With this vwap trade, be careful with nearby fades.sell signal at wr2/sd2 great low risk entrywith all of my trade ideas, im leaning on doub tops (with HH) and doub bottoms(with LL).I want to see some interest for the fade.Grinds are not ideal for ddt/ddb.Its not just the level,its how it gets there that interests me
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