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The Raider Point of View
Started May 23, 2017|Trading Journals|13 replies
This is where i will place my bias on the pairs that I have interest or intention to trade for ...
Have exited my short. Will slow down my trading this week with the current gain. Will look to concentrate on my current long on gj and uj position.
Below attached with oil analysis with WTI(USOIL) with possible further downside despite yesterday spike.
Usdjpy @109.500 might be possible level to start a buy on UJ in anticipation of interest rate hike next week. gbpjpy @ 141.00 around this area the downside is limited after it broke to touch 140.xx . Do note of potential risk of uk election in the ...
To sum up my mistakes in this week and hope not to repeat it in the future: Traded bigger lot size for oil (5 lots) at a closer interval. Should have limited my trade to 3 lots for oil as price has limited movement upward near the end of the week. ...
Gj looking good with an upswing with a base support currenly formed at 141.75. Looking to hit 143.5 then range form a range between 142 - 144.
Overall , imo gbpjpy has more upside than downside. At current 141.70 has a relatively stronger support but would be better to trade only on next week to further confirm and letting it to spike down to take out the early longs.
This is where i will place my bias on the pairs that I have interest or intention to trade for ...
Just a humble feedback, apart from placing trade call , it would be good also to show screenshot with entry and exit and reason for doing so.
Very Clean chart and good logic behind each long/short. This could possible a good upside .
Isnt both are negative correlated? How come they both will move in same direction ??