FX:USDJPY   U.S. Dollar / Japanese Yen
204 11 2
Sell near 108.935.
The poor ISM Manufacturing figures are released and they were bad. Price now moving down
Sandeep - what are your thoughts on this trade today? I'm staying in until the US economic data is released at which point there is a chance price could rise so risk needs to be managed.
Sandeep_Gupta JeepsonTrading
All the trade ideas I provide, have predetermined stop loss and take profit. I plan a trade and then trade the plan, either stop loss hit or target. As far as risk involved, I use strict money management rules, so my risk is already limited to a minimum tolerable percentage.
Sandeep_Gupta Sandeep_Gupta
As for the trade, until now, there is no need to worry, if your trade is according to your money management.
JeepsonTrading Sandeep_Gupta
US Data has no surprises so trade expected to conform to Technicals. My comment on risk was that if the Fundementals throw in a spanner don't wait for the SL just exit the trade as soon as possible as technical analysis becomes invalidated.
i see she is moving now, I will monitor and see what price it ends up on by the time NY closes.
Sam0101 JeepsonTrading
where do u think it will stop?
I'm staying in the trade overnight but see what happens at close of NY. Might be wise to reduce risk now it has begun a drop, my SL will be moved to +3 pips if I want to enter another trade on another currency. Keep an eye on my charts as I will be updating notes also I have a blog if you would be interested to see my plans https://jeepsontrading.wordpress.com/
Will need to see how today's US data plays out, here are my charts on the USDJPY https://www.tradingview.com/e/PonTy9lT/
Will it make it all the way to 110 before theres any heavy correction?
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