Wednesday, September 2, 2009

USDJPY Short

So, Im riding the Yen train down. My entry at 93.30 is still paying out nicely. I want to talk about why i got in on it.

  1. Day trendwall break. We broke a day trendwall and the hook was happending right when the 2hr BB was hit. It was not a D2, which is why i stayed out of the trade with some of my other accounts that I trade. There was also an annoucement that caused the hook to.
  2. 2hr BB. The stop was pretty small, think it was 50 pips. The annoucement allowed me to put in a great cost avg spot at 93.30 with a 17 pip stop.

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