Long

USD JPY . . . Inner Thoughts . .

Updated

It has been a while since my last post. . there are some changes made. . take a look at my past posts in relation to this post. you'll see some difference in how i've been trading. in someways its much simpler, at least to me, on opening trades with stops and targets.

Trade active

Ive taken a Long trade. and now I wait.

Here's the short term picture in a nutshell.

Trade active

Sweet.. I've moved my Stop to +11pip

hopefully momentum is not compromised. Target is around 110.40 area.

Note

But something tells me that momentum will end very soon or might keep going ..
Looking at the Dollar Index. all I can do is wait and find out.

Trade active

Well so far so good . I've locked in +20 pips

will wait to see support hold or break .

Trade active

There goes first Support

Trade active

Oh well .. look at that .. It was right in front of me and caught it just now.
so just updated the short term chart and saw another possible trade .. so I took another small trade to the Long side.. . In it to win it son.

Trade active

So far so good still holding

Trade active

Looking back at the Dollar Index..

and then, look at this chart.

I mean it can' happen . _@

Trade active

Got stopped out of my 2nd small position -9pips
but Initial Trade still winning .. got stop at +20 pip

Trade active

*_* . yet again another stop hit

but we move on.
Here is how I see it now. Price might hit the initial Trade's Stop @ +30pips.
In which case I'll be looking to short. And I'll keep an eye out at the $ Index chart. The momentum pattern is identical.

ClusterSHA

Also on:

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.