USD/JPY Aug 21 2016-Sep 1 2016

Discussion in 'Journals' started by D. H. Solomon, Sep 6, 2016.

  1. Went long on 8/21 at 100.771 with 33:1 margin. Set S/L at 100.691. Stopped out for loss of 4% on 8/22. Went short immediately at 100.691 with 33:1 margin. Quickly stopped out again for a 4% loss and promptly went long again at 100.771. I was yet again stopped for a 4% loss and went short again at 100.691. Ridin it. Ridin it. Was up about 75 pips when it hit 99.942 but wasn't done with it.
    On 8/26 I yet again reversed for a loss of 4% at 100.771. Was obviously stopped out almost instantly when price abruptly went back to 100.691. Must have been some central bankers' buddies tryin to pick off some of us who didn't know what they would say the next day regarding the likelihood of a near-term rate hike. The following hour gave me the buy signal when the price quickly went through 100.771. I was now down 22%, long USD/JPY at a 33:1 margin at 100.771 on 8/26. Held on until 9/1 with a 93% profit at 103.691.

    Margin: 33:1
    Maximum drawdown:22%
    Total profit: 50%

    Done until 9/25. Hope to have account screenshots by then.
     
  2. doggyfx

    doggyfx

    Bought JPY today as CFD on Hotforex, 2 lots, 60 pips profit so far, going to close in Asian session tomorrow