Starting the day on a short USDJPY.
All indiciators give me a sell, even though finding the perfect entry point is going to be hard. Reversal should be coming soon and then it's just to follow the trend channel to get the first bucks in! Point to not: the strenght of the trend channel should be tested first, seen as we know little to nothing about it, yet the RSI & MACD give us some reversal signs. Let's hope though that the retracement is strong, otherwise the optimal point of entry has passed already
All indiciators give me a sell, even though finding the perfect entry point is going to be hard. Reversal should be coming soon and then it's just to follow the trend channel to get the first bucks in! Point to not: the strenght of the trend channel should be tested first, seen as we know little to nothing about it, yet the RSI & MACD give us some reversal signs. Let's hope though that the retracement is strong, otherwise the optimal point of entry has passed already
Comment:
Lesson of the day: FOLLOW THE TREND! We can expect some serious retracement in the direction of trade to follow, so don't close the position too soon!
Comment:
Volatility yet to kick in, at least direction seems to be in our favour... Let's see what's in it
Trade closed manually:
Not the kind of money you'd like to see, but we'll take the profits and get out of this draining trade... Little volatility didn't give us much opportunity for profits. Close @109.152