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Joined Nov 2009
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USD/JPY: might we try the topside today
We have all been focussing these past few days on 87.00 and what an important level it is in the short term but now that it has held on two occasions, perhaps it’s time for the shorts to feel a bit of pain. Corporate offers are supposedly grouped around 88.00 but if they don’t appear in size then we could get a bit of a short squeeze.
AUD/JPY also looks reasonably constructive on the short-term charts and buying intraday dips towards 75.00/10 looking for a break above 76.00 and a move towards 77.75 certainly makes a lot of sense from a risk-reward perspective.
Thanks for sharing your system. So in 4H TF, before news you open a buy stop and sell stop order in yesterday´s high and low, then wait for the breakout. SL=20, TP=50-100.
I like your style, simple and I think profitable. I´m going to test it.
Thanks for sharing your system. So in 4H TF, before news you open a buy stop and sell stop order in yesterday´s high and low, then wait for the breakout. SL=20, TP=50-100.
I like your style, simple and I think profitable. I´m going to test it.
Thank you
Ignored
Hi caillou,
thankyou,make sure u keep eye on news,coz some times market goes in news direction some time reverses.but most important is break of yesterday high and low.also draw a trendline to focus on direction of price action.
price action is near pivot of the day right now,yesterday all news were bad for gbp,if this news comes bad gbp might slip.there is also a trendline if it breaks price will go down.
