aceofswords
Long

LONG USD/JPY ''TAKING CANDY FROM A BABY TRADE''

FX:USDJPY   U.S. Dollar/Japanese Yen
240 3 7
LONG USD/JPY             ''TAKING CANDY FROM A BABY TRADE'' DETAILS ON CHART
Good call! With JPY news coming out in a couple of hours (all projected to be bearish) this seems like a nice trade. Just in case, though, shouldn't you enter at the top of the penant (121.67-ish) to avoid fake-outs? I guess it depends on your trading plan.

Thanks!
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This went the other way. Ended up as a short
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aceofswords ccamalcolm
Yes thanks for pointing that out lol....I think the world, his wife and his wife's mother are aware of this..... Shit happens in trading sometimes, I embrace the fact that losses and wrong calls are part and parcel of this business none of us are perfect, but the Idea is to always learn from mistakes. Did you manage to for see the short and profit from it? I hope so. If yes, did you post a chart for for the short trade? I'd be interested to see your work thanks and good luck brother ;0)
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