Everyone has been trying to catch daggers as the USDJPY has been falling. Looking at the Daily and Weekly charts I see it may be time for a few days of LONG positions with another push down to the 0.618 Fib level from the last climb on the Weekly chart.
After hitting the 0.618 Fib line I will take another look at going long if it seems we have hit a bottom and possibly some fundamental news has assisted in a weaker Yen.
After hitting the 0.618 Fib line I will take another look at going long if it seems we have hit a bottom and possibly some fundamental news has assisted in a weaker Yen.
Trade ist aktiv:
Entry @ 100.73
TP @ 103.20
SL @ 100.28 (The Low of today's daily candle)
TP @ 103.20
SL @ 100.28 (The Low of today's daily candle)
Trade ist aktiv:
Moved SL down @ 100.05
I shouldn't have opened the trade early on the open of the week.
I shouldn't have opened the trade early on the open of the week.
Trade geschlossen: Stop wurde erreicht:
Well finally got stopped out yesterday, but just because my entry was too soon doesn't make me think we are nearing a bottom. I will be keeping my eye on the daily chart for USDJPY.
Trade geschlossen: Ziel wurde erreicht:
Well the initial trade idea completed and closed at 103.50 limit.
I actually have an open position still open that got opened on a buy order I had set on a break of the 4 hour Donchian Channel at 100.70. I haven't closed it out yet, but have put a SL at 102.75.
s3.amazonaws.com/tra...shots/e/EyQyNVzB.png
I actually have an open position still open that got opened on a buy order I had set on a break of the 4 hour Donchian Channel at 100.70. I haven't closed it out yet, but have put a SL at 102.75.
s3.amazonaws.com/tra...shots/e/EyQyNVzB.png
Trade wurde manuell geschlossen:
Closed LONG at 103.30.
Profit +260 pips!
I've opened a small short but will create a new idea for the short later.
Profit +260 pips!
I've opened a small short but will create a new idea for the short later.
