"Long CADJPY for Friday" by trader JimMakos — published January 15, 2015

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Long

Canadian Dollar / Japanese Yen (FX:CADJPY)

FX:CADJPY Canadian Dollar / Japanese Yen

Trading on the established support of the hourly chart.

If profit target is hit, January's downward trend should have ended. Therefore, I would be looking to scale out and take profits at 100 and 101.25 as well.

U should have used an ATR stop , It would have been a perfect trade :) :)

Trading_Accuracy

Thank you for your suggestion! You've made me a better trader, as I learnt how to implement ATR when setting stop loss orders: http://www.tradinggraphs.com/2015/02/02/atr-stop-loss-in-forex

JimMakos

No problem , Thanks for the appreciation Mate.
Goodluck with ur trading

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