I think the Japanese Yen is still strengthening against the US dollar amid the trade war, I see DXY still under pressure.below MA 20
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Yea, I actually had a short that closed in profit just now. 75 pips! Was thinking all the Taiwan currency action while most of the market was on holiday was going to affect the Asian currencies.
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M5 scalp for a living off one pair.
Just a suggestion. But start by trading on Long signals and moving SL when you can just below the lower BB stop line.
When you feel ready, ride the signals in the opposite direction if price has reached the top of the channel.
M5 Scalp - Regression - XB4 (150) - BB Stops Black.tpl (182.3 KB)
I watch this play out every day.
Watch for when High Impact News is going to be released and tighten up the SL on any open trade. If the SL gets hit, small loss. If there is a price spike upward, close on whatever it gives you. The spike could last only seconds so be ready to close in the first minute…or LESS.
What happened after I quit for the day
Another solid Long trade event occurred. But there will be more tomorrow.
I still got shorts I need to take care of 
45 pips up since lunch!
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Usually, bank holidays affect the volume of financial market transactions. In theory, the Japanese Yen is traded more in the Asian market, but in the New York and London markets, volatility can increase because of the USD.
Isn’t more yen traded during the London/NYC overlap than any other time?
Anyway, doesn’t matter when compared to a holiday. I was thinking a lot of Europe and some countries in Asian were on holiday on Monday, so you’d seen some moves after what happened with Taiwan.
One Question to you @tshegofats76 & to AT @AmericanTrader too, Which Exit Strategy are you using currently which is working best?? (For your EMA Crossover Strategy).
Re-post:
Entries are clear.
Closing is where profit is made or lost.
Close targets are what I have determined are safe. They are: the 200ema, the VHP Channel midpoint, the BB or HA change, or the opposite side of the VHP Channel. They are also where a trailing stop can be placed in order to allow the trade to run up to the next close target. *With trailing stops - it is more likely that it will get hit than it is it will allow price to make it to the next target, so you make less than if you just closed at the first target. It is when the candle that reached TP1 closes beyond TP1 that you could set a better trailing stop and THEN allow price to continue toward TP2.
Close targets are: 200EMA, VPH midpoint, support/resistace, Change of HA or BB, and opposite VHP Channel outer edge line.
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Still trading this strategy??
Yes, I see the Japanese Yen weakening in the New York session; it seems to be in response to the Fed keeping interest rates unchanged, supporting the US dollar.