USDJPY Daily sell signal. Does DXY continue or reverse?

8 sie 2017

Setup bar High-110.919 Low-110.647.
Thursday had a price action high of 111.048.

ENTRY at the break of previous days low 110.645
Stop above the latest high at 111.054
T1 110.236
T2 109.827

This trade comes down to one thing. Your opinion of the USD.
With Fridays pull back, price from that point has been lackluster, unable to gain or lose any ground.
I'm sticking with the trend but expecting a quick test of the 94 level soon.

Time will tell.
Can't let this trade go. Gotta take it.

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8 sie 2017

Zlecenie aktywne

Asleep when the order filled. Very pleased with where we sit 8:30 am Eastern. Very close to taking off half the position and trailing the other half.

8 sie 2017

Uwaga

For some reason the 'play' button on the chart isn't working....

8 sie 2017

Uwaga

In hindsight, the entry bar was only .272 wide. I decided to play it safe by setting my stop above the latest high and not directly behind the high of yesterdays bar, putting my risk/reward almost .406 pips either direction. Hence forth missing my t1 by about 20 pips.
Utilizing the proper setup, half this trade would already be cashed out with a tight trail on the other half that will probably close soon.
Anyways, leaving it the way it is... Certainly a learning experience

8 sie 2017

Uwaga

USDJPY came 10 pips from filling T1 at 3:35. Trade is still on.

8 sie 2017

Transakcja zamknięta: osiągnięto wyznaczony cel

T1 reached. Half the position closed. Stop trailed tightly to 110.300 with another trail close to the 110.000 level.

9 sie 2017

Transakcja zamknięta: osiągnięto wyznaczony cel

Full T2 reached. The exact low of the 15 min chart coincidently. Not that that means much.