Posted by: joetradingplace | May 18, 2015

Cadjpy Trade

Remember the post from last week on cadjpy pair, if you haven’t read the article, go back and look at the article. Now we are in the trade, and the reasons for the trade are in the article above. Its time to walk you through trade management and probably adding some more positions if the market keeps dropping. Now we expect price to pullback to 99.00 level and then it might drop from there. If yu have missed the trade, there might be a second chance to trade around the above mentioned level. But yu don’t sell when price is moving back up, you wait for confirmation that price is bouncing off a level….thats how i trade.
Our trade has reached the first target and the remaining 5 positions have been moved to break-even.

Screen Shot 2015-05-15 at 09.44.58

Screen Shot 2015-05-18 at 20.23.01

Screen Shot 2015-05-18 at 20.22.39

Advertisements

Responses

  1. You do an excellent job of reading the market. I always enjoy your blog entries. Keep up the good work. Much success to you!!

  2. Thanks 4excellence for your feedback, its nice to hear some feedback and interact, i am glad yu are enjoying the blog and learning 1 or 2 things


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: