I’m just curious, what possessed you to take a short trade on an up trending currency? Because I looked short as well but went long on E/J and made 43 pips. Are you looking @ 4 H chart and seeing overbought? Kindly fill me in with your wisdom.
S.
Nothing has possessed me so far…I think I’m a “Divergence Trader”, so when I get signals I automatically trade. Thats my style and system.
Looking at how the trade went I wouldn’t say it was a bad idea to short the USD/JPY Although I confess I don’t get it right all the time, nobody does! But its a profitable system and thats what counts
I’d say thats a reasonably good call for a trade based on divergenge as there was bearish divergence on stochs. I must admit I’m still short so potentially looking for reassurance on my own trade!, the 108.50 area seems like it really has some resistance and I’d need to see at least 110 before changing my mind
Looks like this was another very good trade. I’ve just closed out @ 106.40! Thats a whopping +140 pips on the second lot! Total= +185 pips! Since I got in a little sooner thats more for me