Posts Tagged usd/jpy
A good trading week last week. Sometimes just a couple of trades can do it and last week we had two relatively straightforward trades.
Firstly, on the USDJPY forex pair, the trend has been up and there was a clear pinbar. We went long on that bar and the following day, the market went up. As it was Friday and I wasn't keen on holding my position over the weekend, I took profits for 80 pips.
My Gold trade was actually done a few days before - on Tuesday, shorted at 1242 with a stop at 1
July 8, 2013
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Today, we saw massive moves on the Yen pairs. USDJPY had gone up around 250 pips and the GBPJPY around 600!!
On the 2nd of April, I had put on a long for the USDJPY pair after it had bounce off support. I saw that the longer term trend was up but the market was going through a retracement.. I thought that this was an opportunity to go long so I did. I set my stop at 100 pips which was below the previous low and a target of 100 pips also for a 1:1 risk reward trade.
As you can see from the
April 4, 2013
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I had a really good week this week.. every day being a winning day until today (admitedly I didn't trade Monday)! This was quite disappointing as I was hoping to close the week on a roll. Anyway, nothing is guaranteed in trading, so long as I win more than I lose, my account balance will continue to grow.
My trade today was a short on the USDJPY, the longer term charts, the market was going south so I was looking for short trades. The market went down a little before it reversed. Looks like I
March 30, 2012
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