FX:USDJPY   U.S. Dollar/Japanese Yen
67 10 1
A break above the falling trendline would confirm the renewed uptrend.
I am closing all USDJPY longs now finally taking all the good profit and replace part of the free investment by short AUDUSD.
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I just can't comprehend, why USDJPY strengthened so much after being so weak. The investors seem to have abandon the yen, so it's pretty much oversold now. Maybe it's not the best idea, but I've just gone short this pair, looking to exit at 101.980.
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motleifaul ForceFollower
Good luck! It has some difficulties to go through the trendline. So maay be we will see your downward move first.
I took the profit now and will watch if it rises through on top.
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ForceFollower motleifaul
Thanks. Yes, I'm having a hard time watching it rise. I am short, I still believe, it is about to go down, but I admit I entered too soon. Looking to exit at 102.03.
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motleifaul motleifaul
I had the right idea and am not in any more now that it runs up'n up.
We are through the resistance line now and I am long again.
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ForceFollower motleifaul
Yes, it's unbelievable, what happens in the yen pairs now... USDJPY, CADJPY have run riot...
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motleifaul ForceFollower
Yes, really. Fortunately I am long EURUSD since 1.3753. This helps a bit. And fortunately I didn't react on the stocks drop after begin of the Ukrainian crisis. So I'm still holding the majority of them. Nevertheless since the beginning of the year I lost 1 % of my investment capital. Bad enough.
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ForceFollower motleifaul
Don't worry, I also broke some of my rules and lost a lot because of that... What matters is that you make progress, you're smarter, you know yourself better, don't make the same mistakes over and over again. Otherwise it wouldn't make sense, don't you think?
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ForceFollower motleifaul
As for your early exit. Don't worry, we've all been through that before. I've just exited my short position in USDCHF and I will probably regret that, if the market is going to make new lows...
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motleifaul ForceFollower
You see, it was good to get out n good for me to hav been in again.
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