USD/JPY

[Fishmasterdan]

Ok I made over 300$ in the last 2 days after losing 250$ just trying to figure out to make trades (demo account).

While doing quick flips (8) pips one way or the other using the 5 min. charts I decided to make a daily chart play.
I took out a 400k position (based on the daily chart) long from 117.96 and a limit at 118.46 removed my stop.

We will see if day trending will work (trial basis). If the chart is correct I should have a large bank roll around mid day tommorow.

[Fishmasterdan]

Ok It didnt take very long and I got nervous moving my limit to 118.26.
Hoping for a 30 penny change.
30 penny change at 400k would be 120 pips (I think)

[Fishmasterdan]

Been reading a few squak boxs the rumor is that 118.20 is the turn around point .

I am going to put a short order in a 118.20.
Change my long position to 118.20
Put my limit on my short at 117.80

[Fishmasterdan]

Bounce now at 117.79
RSI under 30
MACD ready to change