This is my personal blog, citing reasons for my buy/sell on certain currency pairs. What gets recorded, gets reviewed. And with each revision, I will be able to learn from past experience, and to avoid making the similar mistakes.
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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.
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