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Euro / Japanese Yen
Short

EUR/JPY Patiently Waiting to Re-Enter Short

By Kevin_Lomax
Updated
Explanation on chart
Comments/feed back welcomed
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Running multiple positions across multiple Yen pairs. I am holding on to my Yen longs, as I have been for months and will continue to hold until a valid reversal signal is generated.
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Increased my position across USD/JPY and GBP/JPY as well
Comment
Original idea to short this was posted when price was above 130. Had you simply traded one position you would be up over 900 pips. Had you followed proper position management and opened multiple positions (as we practice and teach) you would be running thousands of pips. Combined with the fact when we shorted this pair we shorted many other Yen pairs (and added new positions at appropriate times) and you are looking at TENS OF THOUSANDS OF PIPS
Tell me again about that 60 minute time frame

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