Pika7993

Thur-Fri timeframe swing trade

FX:USDJPY   U.S. Dollar / Japanese Yen
3 out of 5 timeframe swing trade Thur-fri.

Another successful timeframe swing trade with a small pullback. At the 5pm mark downward checked out. This entry point checks out my MACD/Histogram early indicator strategy.

The trend stayed true until my 12 am mark. All indicators (MACD, ADX, and Currency heat waves) had significant shifts. This gave me conformation to enter the buy. When the 5pm to 12 am swing is confirmed the new trend will play out until at least 8am.

3am shows a pullback. MACD Histogram indicates the pullback will correct to the uptrend hitting the target 8am mark. Personally I closed out at the peak of the 8am bullish candle.

390 Pip timeframe swing trade. It is important to follow the pullback rules by determining the swing trade will reach the timeframe marks with the established trend. You will fail miserably with this strategy if you get excited about the pullbacks and close out your trade. I learned from this mistake.
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