so far so good on second short@5660, reset stop to 5650, new target 5610 then recalculate for next move. worst case 2pip loss just restet stop to 5645 with the recent drop. why take a loss if you don't have to!
Ok, I have a question, why are we posting our trades? It's bad enough me and my broker knowing when I screw up without the whole world knowing :eek:
Blame Ivan, he suckered us into it...lol..but hey, we didn't get it right but i am glad to walk away with a 5 pip profit. I remember the days of blowing my account when I screwed up.
Sh*t trade, poor logic. Trading into a binary event and marked against me. We did reach my target [and then reversed], but I saw an opportunity to exit at a profit = the heat I had taken.
Yep, it's all Ivan's fault Are you kiddin' that was a perfect trade, sell 1.5660 and 1.5680 on the GDP spike, stop 1.5720, target 1 1.5643. Just closed out the 2nd trade at 1.5625, +72 pips.
Let me rephrase, I i got it wrong by having my stops to close this go round, but i did go short again @5619 for a target of 5585. just adjusted stop to 5604 for a 15pip profit in case of a quick bounce up, currently 5 pips away from target
what a USD/JPY roller coaster. There is a lot of conviction on both sides of this trade, and we're getting back close to that trendline support on the 60 minute chart. I'm starting to look at 108.3 range as a pivot. Tomorrow's non-farm payroll numbers will probably not be dollar positive, but it seems like there are buyers on every dip.... anyone with a good idea here, let's hear it.
I'm glad to see I'm not the only one does that, 6 pips off a stop and any profit looks good. Good call though, high was 37 (your stop 45), low was 56 (your target 60), it don't get much better from a stop/tp perspective.