To be quite frank with you, there seems to be some kind of breakout on the EUR/JPY (15 min) and that's why I am not comfortable with this long trade, but a trader cannot simply second guess his trading signals. However, a signal on the short side could also appear soon, and in that case I will go short.
It all depends on timeframe. We can be in uptrend on Daily and downtrend on hourly. So we should write what timeframe we looking at because that makes all the difference. But just for fun and to prove my point: What time-frame am I looking at?
Yep. And that means $2.98 profit for you right there, in your micro Forex account. But hey, that's more than enough for a small cheesburger and a Coke. Without the french fries of course, and assuming you have your McDonalds coupons.
0/4. I think you need to retool this monster algo. om nom nom. It begs the question why you wouldn't fade this?