Another 10? YES another 10 OANDA:USDJPY
Took a quick short on the UJ for hard 10pips, before Michigan Consumer Sentiment.
Why only 10?
I say, "Why not."
For me, it's easier to predict (guess) price action to hit a closer TP, versus a TP that is so far away, that I need use binoculars to see clearly.
Stoploss?
I say: "Trade management"
Trade smart
Trade safe
Trade well
Uj
TikTok Ban - WOW (also USD/JPY Short)OANDA:USDJPY
BIG NEWS, HUGE NEWS
UK Government officials are NOT abe to day dream on TikTok on their work mobiles any longer, now they have to work during work hours.
OK, I got that out of the way.
Took a short on the heels of news release of Building Permits, as the DXY (dollar index) pushes lower at that minute.
Trade took less that 5 minutes for a hard 10 pip TP
ECB multi release in few minutes, watch this
Trade smart
Trade well
Heading into JPY Balance of Trade Release - Short ScalpOANDA:USDJPY
Heading into another high impact news release out of Japan, the Balance of Trade, I took a short scalp of 10 pips hard TP with tight stop loss at this hour.
This scalp took about 10 minutes.
Nice to have a few easy ones in the books.
Now we sit on the sidelines and wait for price action after this news release to settle in.
Trade smart
Trade well
USD/JPY - I was a little iffy, but Shorted AnywayOANDA:USDJPY
With a crazy unexpected week of our wonderful banking institutional surprises and hopes of FOMC not raising rates by 50 basis, it has been a wild week thus far.
Scalped my 10 hard pip TP before NYSE open.
Trade management
Trade well everyone, be safe
USD/JPY - YES, Another quick Scalp for 10OANDA:USDJPY
A good start to the week.
Quick scalp for 10 hard pips TP, before it hit PWL (previous weeks low).
I tune out the nay sayers that scalping doesn't work, and that I should maximize the trade, which is actually a very smart and profitable strategy when executed properly with trade management.
But I do LOVE scalping and enjoying the rest of my day not being stressed, LOL.
Both techniques work, the key is Trade Management.
Trade well....
USD/JPY - That is itOANDA:USDJPY
A little action on the Non Farm Payroll
Stole 12 pips, as slippage gave me a little more love on top of my hard 10 pip TP, on a short before the new release.
Of course you might say, I should had held for larger TP's, maybe, maybe not, at least i'm not stressing if price action went against me if I were to aim for that larger TP, right?
Finger always on your stop order, in the ready position, don't have it any other way.
Trade Management
Trade Well
USD/JPY - Not This Time UJOANDA:USDJPY
Of course the DXY dollar index bias is to the downside, thanks to our friend Chair Powell.
And so comes USD/JPY to follow.
Took a short on pure price action, leading the indicators, and wanted that quick 10 pip scalp heading into the 8:30am est (UTC-5) mark.
Got a pump in my direction on both the DXY and the USD/JPY
Trade management
Trade smart
Trade well...