russelldaily
Short

Short on Alternate Completion

FX:USDJPY   U.S. Dollar / Japanese Yen
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This Alternate Bat completion seems to be holding as resistance for the past ten hours. I have only a 20 pip stop on this trade. One reason is, Alternate bat patterns usually reverse quickly if they reverse. Two, if I am wrong, this trade has been in a tight coil for awhile and it will probably move quickly and strongly. I can be wrong a little but don't want to be wrong a lot. I'm in this trade at 119.26. T1 is at the . 382 retracement and T2 is at the .618. If this trade moves as I expect, I will only take off one half at T2.
Good Trading

Comments

accurate

  begins to rise lol
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russelldaily PheelipeGutierrez
lol ?
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HermanBrummer russelldaily
lol,
Fundamentals suggest it could continue higher. BOJ pumping the yen, oil prices falling,US dollar on a big rally.. . . etc.. Good luck dude
Reply
russelldaily HermanBrummer
Thanks Herman. Once my stop was hit, a small one, I waited for a retest, got back in and have recovered my loss.
Thanks for the comment dude.
Reply
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