Well I put the explanation for the trade on the chart. One thing of note when trading USD pairs, is that we might see some pull back in the DXY, US Treasuries are have broken to their October highs (Remember the US Indices had a significant correction/pullback whatever you wish to call it, with the S&P 500 getting really close to giving up all its gains for 2014 and turning into a "bear market".) And there is real risk aversion right now, and the DXY is a risk asset, also the reason for Yen pair reversals/pullbacks. I will let price dictate what positions I take on this trade. Happy Trading traders! Cheers!
-Also, this is my own personal plan of action on this pair, feel free to build your own trade idea on the pair. =D
-Oh yes, also of note, I would suggest new traders to check out my good friend @JasperForex post on his rules for trading. If you guys / girls are having a hard time understanding what we mean by building a "professional trading plan" well look no further, all you have to do is read the posts he has on his profile about his "business plan" for his own trading. If you apply principals such as that, you will increase the odds of becoming successful traders in the long term. Cheers.
-Also, this is my own personal plan of action on this pair, feel free to build your own trade idea on the pair. =D
-Oh yes, also of note, I would suggest new traders to check out my good friend @JasperForex post on his rules for trading. If you guys / girls are having a hard time understanding what we mean by building a "professional trading plan" well look no further, all you have to do is read the posts he has on his profile about his "business plan" for his own trading. If you apply principals such as that, you will increase the odds of becoming successful traders in the long term. Cheers.