Yen going forward
- Thread starter murrica
- Start date
Not an active trader (just a horrible active trader, trying to just stick to longer term ideas for my live trading) but curious to see if such an idea would work:
stop limit buy trigger 9.690, limit 9.680, one triggers another, stop market sell 9.660.
original trade still not yet stopped, though. (yet).
for the futs, these trades are horrible ideas near the close, safer to try after the open at 5pm cst.
stop limit buy trigger 9.690, limit 9.680, one triggers another, stop market sell 9.660.
original trade still not yet stopped, though. (yet).
for the futs, these trades are horrible ideas near the close, safer to try after the open at 5pm cst.
Quote from murrica:
hah, yep, nice for you being IN the winning trade
thanks =) likewise. but still need it to go further to be able to trail stops.. so risk still there (i'm extremely leveraging again so need to sit tight)
we've got some medium event risk at 4:30 GMT .. industrial production
i think we could see some additional minor economic boost in japan before the planned tax hike, because companies might do certain things earlier than planned in order to avoid this tax later. just a thought ..
Could you post the monthly chart again?
Took a quick look. Different perspective looking at USD/JPY:
edit: My failed contrarian ideas here ignore the basic advice of letting winners ride (in the short term, referencing the original idea to short 6J up to 10.350 which would have worked fine).
And, I am thinking back to another veteran poster's multi-multi-decade chart showing that this move in the past 12 months was a generational breakout (Fading Yen Gone Parabolic thread, if I recall correctly).
