Everyone trades EURO, OK i trade JPY

Discussion in 'Journals' started by rocketman987, May 24, 2018.

  1. also, ES and CL
     
  2. my swings $ and scalps..coming up
     
  3. Bought 10931
     
  4. truetype

    truetype

    Bought USD or JPY?
     
  5. isnt it obvious?
     
  6. truetype

    truetype

    No. When a yen-per-dollar price is quoted, taking the offer means buying the dollar / selling the yen. If the market is 10929 @ 10930 and you pay 30, you've sold yen. (I'm assuming you're familiar with the spot forex market...)
     
  7. Of course I know how it works, passed the babypips tutorial :rolleyes:

    USDJPY
     
  8. Bought CL 6794 10 tick stop
     
  9. padutrader

    padutrader

    the title of the thread says you trade jpy, so if you buy jpy, you have sold usdjpy so it is obvious, but not the obvious you think :D
     
  10. -10
     
    #10     May 25, 2018