I have a set up on the JY (Yen Futures) that I call a slingshot. It is based on price distribution and is a position trade. I am Long JYH07 at .8353. This means I think the yen is going to appreciate or said another way...the USDJPY is heading down over the short term.
Targets will fluctuate somewhat based on price action in the coming sessions. I will try to keep them updated.
Long JYH07 @ .8353
Target 1 = .8476
Target 2 = .8612
Target 3 = .8735
My risk is based on a percentage of equity.
Good trading everyone.
Targets will fluctuate somewhat based on price action in the coming sessions. I will try to keep them updated.
Long JYH07 @ .8353
Target 1 = .8476
Target 2 = .8612
Target 3 = .8735
My risk is based on a percentage of equity.
Good trading everyone.
Good Trading...
Slingshot