Okay so this is a good day trade I feel ,
1. Its turned over @ the 0.23 fib line
2. Its broken the trend line support
3. Oil is tanking again as we speak on the day
4. CAD - ivy PMI due out today, but I feel the main focus with this is on OIL
5. Safe haven flows are in place today, Notably the cross rate pushing this lower on the day..... USD/JPY
So short @ mkt 81.55
TP @ 81.00
Stop @ 81.90 trend line support
Happy trading people ...........
1. Its turned over @ the 0.23 fib line
2. Its broken the trend line support
3. Oil is tanking again as we speak on the day
4. CAD - ivy PMI due out today, but I feel the main focus with this is on OIL
5. Safe haven flows are in place today, Notably the cross rate pushing this lower on the day..... USD/JPY
So short @ mkt 81.55
TP @ 81.00
Stop @ 81.90 trend line support
Happy trading people ...........
Note
Moved stop to break even for now ...... Stay tuned
Trade closed: stop reached
Okay so this is what I love about trading, I said this is good for 50 pips .I was correct but I said only on the day, again I got greedy and could have taken off twice @ 81.10 for 40 pips ...... but didn't.
Only to see the next day it hit a high of 81.57 stopping me out @ BE (81.55 ) 2 pips ........ then dipping below 81.00 for 50 + pips .
This very rarely happens to me but when it does you have to take valuable lessons from this would I have done anything different ...
Yes taken 40 pips and not been greedy, the rest Im not bothered about ,
If anybody has any good valuable lesson stories feel free to share ........
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.