ive still got my short here from .8511--may cover here soon. Thursday has news coming--even though I pay no attention to news, I am aware that there is news. It's already Thurs in Japan
Very nice trade! I am look for a long term short as well. I think around .8560. I would like to it move up there so I can hit my short at a better value. I think long term trend is down, and I dont wanna miss it.
Very nice trade! I am look for a long term short as well. I think around .8560. I would like to it move up there so I can hit my short at a better value. I think long term trend is down, and I dont wanna miss it.
I sold the bounce at .8525. I now have a loss. I did not think the bounce would be so much. I have a stop in place that has not been hit yet. I only did one contract. I will let you know when and if I get stoppped out.
Thank you very much for your honesty here Steve. I believe I may speak for everyone when I say that we feel your pain and wish you the best of luck in your exit.
My experience with the JY/USD over the years is that it can get you into more trouble more quickly than most of the other pairs--somedays having a range of 300 to 400 pips in a day. Sometimes tough for the position trader with that kind of range.
