USDJPY study of probabilities
Although the study is made on a low time frame. I am firm believer in higher time frame projections and believe they are more accurate. Which would be another interesting study.Here is a study in high a probability reversal area made on the 15M TF. Just for an exercise in using high probability reversal areas. Wave rules and guidelines. S/R levels. Harmonic patterns. Candle stick reversal patterns at critical levels. The more factors in convergence in your projection area adds to its probability. This is of course. "IF" we are in a correction on this time frame. For us AO divergence and a close below the 34 EMA and trend line brake is confirmation.
belief in not holding positions during news events. but its what i do. this time tho
it didnt work out. which brings me to think. an addition in my trading journal might include tracking win/loss percentages during news events.maybe. if. i am in a trade
because of my trading system before news anyway..what are the the probabilities of that trade continuing to be successful or failing...trading is a never ending learning process of identifying high probabilities