Forex portfolio: Short the USDJPY pullback

Let's take this trade next. Enter now, stop 101.691, risk 0.5% on the position.

Good luck!

Ivan Labrie.

评论:

This can evolve into a giant selloff until November 25th.

交易手动结束:

I'm not liking the retracement of post-FOMC action today, I suspect traders will close positions going into the debat and OPEC news so we can probably reenter next week. We will close all FX positions for now. It's better to avoid risk and take a small loss than continue to be exposed to this move. In the long run, it's highly probable that the trades pan out well, but short term distortions in price can cause larger loss than acceptable before the fundamental move pans out.

交易开始:

Reenter this one, stop is now 102.655

交易手动结束:

The short doesn't look safe now.