My @JY trade - too late? too soon?

Just opened a long trade today on the Yen, let's see if it works out, hard stops in place. Please feel free to shoot at me

Let's start with the Weekly View

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1360111"></img>

 

Daily View

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1360118"></img>

 

240 mins view

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1360124"></img>

 

60 Minutes View

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1360128"></img>

 

the market is anticipating rate hike by BOJ is of low probability. So the longs are being routed by some degree. As the nikkei stabilizes above 17500 and continue to push higher.

The usd/yen cross will push higher.

 

Thanks for the information spectre... I try not to look too much at fundamentals but probably shot... oh well, trade is in place and so is stop, let's see how it works out.

 

Trade is still starting to work out, just moved my stop to break even.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1360765"></img>