Fading Yen - It has gone parabolic

Quote from gmst:

Got filled today at 94 for 0.25% risk more. Total risk currently = 3.25% risk

I have decided to slightly change profit targets now.

Bidding 0.25% at 92.8 and another 0.25% at 92.5 instead of 93.2 and 92.7. So bidding for 120 pip move and 100 pip move on these last 2 scale-ins rather than 80 pips move.
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I am increasing the bet. current risk = 3.25%

Adding 1% risk at 93.75.

bidding 0.5% @ 93
bidding 0.25% @ 92.5
bidding 0.25% @ 92
 
Quote from gmst:

I am increasing the bet. current risk = 3.25%

Adding 1% risk at 93.75.

bidding 0.5% @ 93
bidding 0.25% @ 92.5
bidding 0.25% @ 92
More...

covering 0.25% from original short at 94 at 93.2.

So, booked profits on this trade = 0.2+0.2% = 0.4%
 
Quote from gmst:

Got filled today at 94 for 0.25% risk more. Total risk currently = 3.25% risk

I have decided to slightly change profit targets now.

Bidding 0.25% at 92.8 and another 0.25% at 92.5 instead of 93.2 and 92.7. So bidding for 120 pip move and 100 pip move on these last 2 scale-ins rather than 80 pips move.
More...

Had already closed yesterday 0.25% risk from 94 add at 93.2 (instead of 92.8 as planned above).

Today, closed 0.25% risk from 93.5 add at 92.5 as planned above. So, booked profit = 0.25%

ALSO, closed 0.25% risk from 93 add at 92.2 for 0.2% profit.

Total booked profit till now = 0.4% + 0.25% +0.2% = 0.85%
 
Quote from gmst:

I am increasing the bet. current risk = 3.25%

Adding 1% risk at 93.75.

bidding 0.5% @ 93
bidding 0.25% @ 92.5
bidding 0.25% @ 92
More...

Closed 0.5% risk at 93 for profit = 0.375%
and 0.25% risk at 92.5 for profit = 0.3125%

So, total profit on these 2 transactions = 0.6875%

So, total profit booked till now = 0.85%+0.6875% = 1.5315%

Lets round it off to 1.53%.



EDIT:
So, now we have new orders to short at 93, 93.5, 94 (because these scale-ins have been booked profitably).
 
Quote from gmst:

Closed 0.5% risk at 93 for profit = 0.375%
and 0.25% risk at 92.5 for profit = 0.3125%

So, total profit on these 2 transactions = 0.6875%

So, total profit booked till now = 0.85%+0.6875% = 1.5315%

Lets round it off to 1.53%.



EDIT:
So, now we have new orders to short at 93, 93.5, 94 (because these scale-ins have been booked profitably).
More...

The gods of international finance read ET and play jokes on us.

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edit: or you have a crystal ball. or, you ARE a god of finance. :)
 
Quote from murrica:

The gods of international finance read ET and play jokes on us.

edit: or you have a crystal ball. or, you ARE a god of finance. :)
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LOL.... Buddy, these are my closed profits, I am sitting on unrealized losses :)

Btw, I agree that Gods of international finance do read ET. I am not one of them. LOL.

Actually, on IB datafeed, max = 94.065. Yahoo data can be off by a few pips here or there.
 
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