Hi Traders,
Day 2 in the arena. I bet on a a rise of the Yen and that paid off. Still short aud/jpy and gbp/jpy with target respectively at 84 and 157.50.
I'm also short usd/cad but I believe a return on 1.3075 is possible before 1.2950 (my target). The slower, the better. When the indicators are not overdriven, prices get more room for the future moves.
My charts tell me the USD will have a tough time this month and I'm looking for a good level to enter aud/nzd/eur trades against USD.
I made a mistake this morning, shorting gbp/jpy too early and increased the stop loss in an irresponsible manner. I should have wait for the other gbp pair to show a slow down before entering that trade. It turned out right but I want to mention here that the correlation between pairs is a factor to not under estimate.
End of transmission
Day 2 in the arena. I bet on a a rise of the Yen and that paid off. Still short aud/jpy and gbp/jpy with target respectively at 84 and 157.50.
I'm also short usd/cad but I believe a return on 1.3075 is possible before 1.2950 (my target). The slower, the better. When the indicators are not overdriven, prices get more room for the future moves.
My charts tell me the USD will have a tough time this month and I'm looking for a good level to enter aud/nzd/eur trades against USD.
I made a mistake this morning, shorting gbp/jpy too early and increased the stop loss in an irresponsible manner. I should have wait for the other gbp pair to show a slow down before entering that trade. It turned out right but I want to mention here that the correlation between pairs is a factor to not under estimate.
End of transmission
