Another quick one.... Will update you tomorrow. Regards, KHAN
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Bother Nikkei and Nikkei futures are up after a breakout of the Inverted H&S.
This is a great sign of the YEN weakness and Dollar strength. Here is the Nikkei futures up about 1%
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Already in UJ Long trade and want to know if still is a good trade?
Indeed nothing has changed apart from it is becoming more reasonable trade.
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And do not forget Yen futures.... See how much down side room it has... Enough to get too 112? We will see...
Trade closed: stop reached
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Due to the massive downside pressure caused by EU and GU our stop reached but remember that our stop was really small. Good lesson that we do not need big SL if price has already broken the key support lines as nothing can stop it. Anyway it was a small one. Also Nikkei had a healthy pullback like over 1%. Still Yen has downside risk. I am long from 107 as you can see the "related ideas" below. Look for your opportunity and get into UJ long if you like. Thanks again.
I would appreciate your opinion as to whether you are still Bullish for this trade at current prices (110.91)?
I was quite late to the trade and am currently down 17% and 7% on 2 seperate trades.
Kind regards.
Mark
mark4build
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@MarkGoody, I'm in a similar situation, having entered a couple of days ago. Looking at the price channel, and other pullbacks that have occurred during this price channel rise, this potentially could drop to the bottom of the price channel, which is around 110.4 - .5
I'm looking for a re-tracement to around 110.92 and then will quit it and look at reentering when it shows signs of having bottomed out. IMO
khansalarehsan
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@mark4build, Dear friend thanks for commenting here and sorry for the late reply. To be honest I would stay in trade as long as my SL not hit according the chart above. See the numbers on the right axis. We have some strong supports before our SL get hit. Let s hope for the best.
khansalarehsan
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@MarkGoody, hey mate I responded below sorry for the late reply
MarkGoody
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Hi Khan,
I made 50.2% on this trade! Brilliant- thank you very much!!
Kind regards
Mark
Anthony_Ab
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do you think its a good time to buy at 109.900 and do you think it will reach 112?
I would appreciate your opinion as to whether you are still Bullish for this trade at current prices (110.91)?
I was quite late to the trade and am currently down 17% and 7% on 2 seperate trades.
Kind regards.
Mark