Wednesday, October 23, 2013

USDJPY right now !


On the 5M chart as of this moment the USDJPY cross looks:


USDJPY 5M 13:00 GMT +1


A tradeplan for a Risk:Reward in the region of 1:3 to 1:5 could easily be set up here.

 Just a quick live update for now

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2 comments:

  1. SuperfrostOctober 23, 2013 at 1:05 PM

    Considering that we're dealing with the yen, it should be advised to leave some room for price swings - set the stop loss level at little wider than standard.

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  2. SuperfrostOctober 23, 2013 at 5:25 PM

    So price went up rather quickly, and stopped out any trades taken on the setup posted here - and if your trade is not stopped out, your SL level is placed too wide. A losing trade, not a bad trade :)

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