Friday 25 October 2013
















USDJPY review 25 October 2013:
As mentioned last week, here is a look at USDJPY daily signals.
Buy signal on 7 Jan 2013, entry late of 86.822 with SL 200 pips at 84.822
17 May 2013 prices close a high of 103.186 (a floating gain of 1630 pips!)
As of time of this writing my USDJPY hovering at 97.301 (floating gain of 1047 pips!)
So far original SL 200 was never touched. I am sure by now most people would have moved their SL to at least break even or some would have bail out long time ago. No one would be 'brave' to hold on their trades for about 10 months.















Now let us have a look at 4H chart.
23 May 2012 SELL signal, entered late 79.762 with SL 200 at 81.762
Price hit a high 80.614 on 24 June 2012 - SL still not breached
Price hit a low 77.526 on 13 Sep 2012 (floating gain of 220 pips approximately)
Assume we are greedy we did not do anything - oh dear! our SL 200 was finally breached on 20 Nov 2012.

But there was a BUY signal on 24 Oct 2012, late entry on 2 Nov 2012 at 80.531 with SL 200 at 78.531
As above in Daily chart, price of USDJPY continue to trend up with a high on 17 May 2013 of 103.186 (floating gain of 2260 pips!!).

Not a bad pair to trade or risk 200 pips. Happy trading all!!


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