«

»

Sep 16

Print this Post

Thank you BOJ

You don’t often say thank you to a bank….but it was a pleasure to wake up on Thursday morning to see my 4H trade on CADJPY come off so well…..175pips and 1.5% in the bag before breakfast.

CADJPY 175 pips

It is a new thing for me….dumping the 1,2 and 5min charts and concentrating on 15mins upwards. Additionally I wanted to get into trades earlier and have gone from Breakouts to Bounces. Although the CADJPY trade looks like a break it is in fact a nice bounce off the Weekly and Monthly Pivot that was quite strong coupled with a pull back. Touch and go for a little as the Weekly and Monthly Pivots got tested again twice before BOJ came in and sold loads of JPY.

It’s taken a couple of weeks to re-train my eyes to scan for bounce set-ups, but so far so good. Certainly less hassle than staring at a 5min chart all day.

So far then – good week

Jimmy G

If you enjoyed this post, make sure you subscribe to my RSS feed!

Permanent link to this article: http://intradayforextrading.co.uk/2010/09/16/thank-you-boj/

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>