Correction – 9 wins in a row
Just a quick note.. I am on 9 daytrading wins in a row, not 10 as per my recent postings...
Just a quick note.. I am on 9 daytrading wins in a row, not 10 as per my recent postings...
I closed my USDJPY long for +3 as I got nervous about it....this turned out to be the correct thing to do! Phew! Anyway, I noticed that the GBPJPY got stuck in a short term range, 14400 and 14373 so when it got near 14400 I shorted it.. not only was this the top of the range but it was near a whole number.. whole numbers usually form a good support/resistance so I went for it... it didn't look too good a few minutes into my trade and I had my stop at 14420. The spread with the GBPJPY is 10
I also went long the EURJPY at 134.98 and it is currently 20 points or so up. I got as high as 135.56 (almost 60 points) but has eased off somewhat now. I have moved the stop to break even and still hanging out for a take profit at 136.20.. let's see how it goes!