IvanLabrie
Long

USDJPY: In case there was any doubt...

FX:USDJPY   U.S. Dollar/Japanese Yen
2 months ago
I have been posting about how bullish the USDJPY             pair is, and how this aligns with inflows coming to the US, from foreign countries, ergo, deleveraging phase from August 2015 is done and we can resume the uptrend here, and possibly in equities .
You should be long, if not in, you may jump in right here, risking 1-3 average ranges down, or a drop under the invalidation level on chart.

Good luck,

Ivan Labrie.
2 months ago
Comment: Great progress right off the bat as expected, when European investors joined the fray.
2 months ago
Comment: No heat whatsoever if you took the long when I posted here.
If you joined me earlier, you're well in the money too.
2 months ago
Comment: Luckily stopped for almost no loss. (had moved stop up)
2 months ago
Trade active: I bought back today at 103.1, and back up already.
2 months ago
Comment: Closing here is a good idea. If not, close partially and move stop to entry.
Alternatively, you can trail stops under the previous day low until you're taken out, or using a 10 period moving average of the lows.
2 months ago
Comment:
snapshot


(Price hit the 252 period SMA and is close to the original weekly target at 110.14)
2 months ago
Comment:
snapshot


Weekly target hit, let's watch it. It might stall or start a pullback soon.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
FaultyKid
2 months ago
Hi Evan,

Thanks for the cool chart.. Can you explain what invalidation means?

Thanks,
Reply
IvanLabrie PRO FaultyKid
2 months ago
Hi, thanks for the kind words. Invalidation is where you would get out of longs because the thesis would be wrong of hit before going higher. You place your stop or measure your position size to risk 0.5-2% if that level is hit. The distance from entry to invalidation determined risk per standard lot and tells you what fraction of amount of lots to use to reach your position sizing and profit per trade goals.
Reply
TheDukeUK
2 months ago
Great Chart thanks for sharing with us Ivan i have not so long ago come across your profile and really enjoying watching your trades thanks again.

Cheers
Luke
+1 Reply
IvanLabrie PRO TheDukeUK
2 months ago
Welcome, and thank you for the kind words.
Best of luck!
Reply
lu1977hk
2 months ago
Hi Ivan

any update on the pair?

best regards

L
Reply
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