A busy day on the USD/JPY

Busy day on the USD/JPY today:

USD/JPY 110.52 SHORT

This level got tested 3 pips sooner so if you were at the screen it was advisable to discard it and not to trade it anymore. I took this trade with a simple limit order because I was sleeping and wasn’t able to discard the level. So it was -12 pip loss for me.

USD/JPY 110.82 SHORT

I also took this one with a limit order (still sleeping:)). I took +10 pips profit there.

USD/JPY 110.54 LONG

Unfortunately this level got tested around 2 pips sooner with pretty strong reaction. For that reason I discarded that level and wasn’t interested in trading it anymore. Even if I didn’t discard it I would not trade it because the 2nd test happened during significant “red” macro news on the USD.

AUD/USD 0.7951 LONG

I took this trade with a simple limit order because I was sleeping (asian session). I took a +10 pips profit there.

Summary:

I took 3/3 today’s trades with a limit order because they got hit in the asian session when I slept. When I woke up my today’s trading was basically over 🙂 Pretty funny 🙂 My today’s result is +8 pips profit. Maybe you think that +8 pips per day  isn’t much – well if you got +8 pips of profit every day you would have over 160 pips monthly and that really is a great result! If you managed that month after month, you would be very rich very soon.

PS. If you would like to trade with me every day, you are very welcome to join me here: DALE’S PRO FOREX COURSE

Happy trading!

-Dale

 

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