Pair unable to make a new low. Other pairs showing strong buyers, or attempts to profit take.
I'm already in for a counter trend trade based on the other JPY pairs. Eur has made recovery somewhat, and GBP should follow temporarily.
Note: High risk CT trade which may fall. Do not place a stop loss and take profit and walk away. For this trade, lower lot size and increase stop loss. Take first profits at 20 to 30 pip, then stop loss to break even to attempt a 100 plus pip movement.
I'm already in for a counter trend trade based on the other JPY pairs. Eur has made recovery somewhat, and GBP should follow temporarily.
Note: High risk CT trade which may fall. Do not place a stop loss and take profit and walk away. For this trade, lower lot size and increase stop loss. Take first profits at 20 to 30 pip, then stop loss to break even to attempt a 100 plus pip movement.
Comment:
So market seems to have more movement so im back in with 2 more entries:
131,476
131,380
131,476
131,380
Comment:
131,476 and 131,380 stopped out
Comment:
final entry at 130,702 with tighter stop
Comment:
130.702 stop out
131,391 - entry 1
131,300 - entry 2
130,962 - entry 3
entry 1 and 2 closed off at 31,2 pip and 39,7 pip profit.
entry 3 closed off at 70.9 pip
Total profit: 140 pips
trading day over for me until NY