Back on August 15th, 2012 We took a Long Term position on the CADJPY based on a Red line/Green line cross with a bearish fundamental outlook on the JPY. For months we consolidated until eventually breaking out in the end of November. We bought 3 units of CADJPY @ 79.10 average price. Today the CADJPY hit as high as 89.30. We will sell 2 out of 3 units here at 89.10 for a 1,000 pip profit and hold the the last unit with a stop below the green horizontal line at 84.70. We will add back those 2 lots on the next pullback…
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EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.
