cozzamara

GOLD: is USD/JPY anticipating a gold's move?

cozzamara Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Hi Guys,

if an inverse correlation between Gold and USD/JPY exists, how does it work?


Thank you for your attention, and please share your views and comments. Any idea is a contribution for a better understanding of The Matrix.

Please note that I am not a professional trader and these are my personal ideas only.
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Comment:
Comment:
17 ticks x 1 contract = 170$ Profit vs 100$ Loss
This could be a set up. SL seems tight but could be reduced further since momentum is the key. In theory I want to enter when momentum kicks in. If momentum is lost the rebound will trigger the SL anyway and this is why SL can be reduced at 5 ticks instead of 10. The move must occur quickly.
Comment:
Trade closed: target reached
Comment:

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