231 | +1.824% | 2 Setups
06:52 Tuesday morning, the most exotics almost stopped moving for hours after yesterdays move on the USDollar, so today may be some retracement time going to happen.
Currency Data now:
- Positive: USD, JPY, GBP, NZD
- Negative: EUR, AUD, CAD
- Neutral: CHF
- Pair(s) to Watch: EURUSD (Sell), EURJPY (Sell)
- Asia Session Events: BRC Like-For-Like Retail Sales (YoY) [GBP]
09:58 Short USDJPY .. catching falling knife till next resistance point massive risk, almost no reward, so the size of the position has to make up for it 🙁 (just kidding) .. exit will be the retest of the resistance point, but by the looks of things, this may fall even deeper, but as said before Risk/reward is very bad.
10:01 closing the USDJPY scalp as planned on the retest location even knowing it may drop more, but the risk-reward is very bad on trades like this, so we just take it and leave it there.
the drop was substantial so the retest range was wide enough to make a massive profit at practically no drawdown at all.
gaining 3.314%
Guess the day is over, with a 3% Gain in less than 5 minutes 😉
10:23 greed keeps us in the game, so looks like consolidation ended fast, re-Shorting USDJPY before it takes off again. target now S3 (112.35)
11:25 scaling in 15% on USDJPY (probably a bad idea as I am just 3pips away from the hedge location)
12:49 closing USDJPY Shorts with a 1.149% loss.
it is very likely to fall to the S3 point, but the UsDollar take too long to decide, and volume is picking up,
it’s better to take the loss and be safe, even knowing it will drop right to my target.
Total Today: +1.824%