Search This Blog

Wednesday, 17 May 2017

USD/JPY - Shorted



Mentioned earlier the potential short postion for USD/JPY. Went ahead to short it later afternoon and the price continue to fall.  Once it reached the above pink line, I decided to take profit. The pink horizontal line was set by previous weeks opening price. Prices tend to respect all weekly open/close and then to rebound from there. Since COT put/call ratio for Japan hasn't show an increase in Calls, I decided to take my profit off the table, till the strength of Japan yen return.

Total profit for Cityindex 100 units = S$33.27. Oanda $2K order = $4.89.

No outstanding currency pairs to watch and since I usually perform badly during the US session, I decided not to add more trade tonight.

No comments:

Post a Comment