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Japanese yen going nuts!
Short time ago, USD/JPT broke down the support 113.10. I finally resolved to exit my dismally performing USD/JPY slightly above 113.00 when it rebounded a little, raking in 100 pips of loss - my stunning but first loss this month. Fortunately, when I was entering this position, it was close to the weekend. So I only got half filled due to leverage tightening over the weekend. This effectively reduced my loss by more than half. Hardly any comfort! .
I suppose it is a good decision. Not only for …
I suppose it is a good decision. Not only for …
A Simple Way to Scalp Forex Market-Live Orders
A Simple Way to ScalpForex Market-Live Orders
The Squeeze This is main tool in my system .And volatility graphic charts helpme to locate approximately the moment of breakout .EUR/JPY - 21/03/2014
EUR/JPY - 21/03/2014
We can see easily that from 0 to 7:00 the market has low volatility ( red rectangle) .But from 7:00 to 17:00 (blue rectangle) GMT high volatility .Price direction we decide with RSI and EMA 5 .
Like in graphic chart price…