ive still got my short here from .8511--may cover here soon. Thursday has news coming--even though I pay no attention to news, I am aware that there is news. It's already Thurs in Japan
Don't know why I am short term trading this Yen when I'm a position trader--just got the better of me last night when I was looking at my charts
Very nice trade! I am look for a long term short as well. I think around .8560. I would like to it move up there so I can hit my short at a better value. I think long term trend is down, and I dont wanna miss it. Regards
I sold the bounce at .8525. I now have a loss. I did not think the bounce would be so much. I have a stop in place that has not been hit yet. I only did one contract. I will let you know when and if I get stoppped out. Regards, Steve
Thank you very much for your honesty here Steve. I believe I may speak for everyone when I say that we feel your pain and wish you the best of luck in your exit. Best regards--A friend
My experience with the JY/USD over the years is that it can get you into more trouble more quickly than most of the other pairs--somedays having a range of 300 to 400 pips in a day. Sometimes tough for the position trader with that kind of range.
All may not be lost yet Steve. Market shows weak divergences on 15 minute charts. Might be able to get back where you need to be.