Forex Trading 2018- TA/FA- Setups and discussion, page-48

Morning folks

Picking up on the daily/12h trading diary from last year, am kicking it off this year with the 1st setup this morning. I should note here that:

1. Since I expect only about 1 in 3 setups to trigger an entry (the other 2/3 don't hit the entry level), to save time & space I will simply call the entry, stoploss level and direction when the setup is there and will post a chart with trade plan once the entry level has been hit, triggering my orders.

2. I will focus purely on the 12h timeframe (as above, to keep things simpler)

Otherwise, my trade rules remain the same. The 1st setup I have picked up for 2018 is:

Market: EURJPY
Setup type: Spike low retest
Direction: Long
Entry level: 135.558
Stoploss level: 134.935
Take Profit level: 136.181

Cheers, Sharks