CADJPY long on potential reversal

FX:CADJPY   Canadian Dollar / Japanese Yen
105 4 0
Nice Bill Williams signal to get long on this pair. Target is at weekly pivot ; will move it upwards if it looks like it is still going strong by the end of Friday.

Entered at 93.418
Stop at 92.226
Target at weekly pivot for now.

Will start trailing the stop using a 5-bar exit strategy if this bar closes in the black, which it looks a lot like it is going to do.
Should have held this longer. There was no reason to exit at the weekly pivot except an unwarranted lack of confidence in the trade. There was non-farm payrols on Friday but that wasn't a good reason to get out of a trade that was well under way by the time that event happened. Note to self -- if you are going to trade according to a system, it's necessary to follow the system!
Target has been hit
stop moved to 92.875
Follow @mark27q1 on Twitter or circle me on Google+ for trade updates.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out