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Long UsdJpy paying off well

My UsdJpy long is doing well already
As I wrote about yesterday - Usd looks fundamentally very strong
I decided to go long at market open - and went long UsdJpy, UsdChf and Usd Cad
I decided to close UsdCad after it failed to brake 1.30 just now - a profit of about 25 pips
UsdJpy was the best trade and landed me 120 pips and 50K profit
My UsdChf is down about 35 pips and I have added a tight SL just below 0.97 now
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Back above 300K in the contest

I am up to 300K after being down to 29K last week - a drawdown of 80%
I am not proud of the drawdown - but I am very proud of my return back in just 5 days
The market was hurting me although my fundamental positioning was good,
I missed TP's, and market was coiling and cost me a lot
Now market is doing what it is supposed to, and I am making money fast
i am out now before the FOMC tomorrow - I will see where UsdJpy is at tomorrow
Also I will see if I want to trade the Nzd interst rate decision
M…
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OneGoodTrade avatar

Great comeback. I think that's what makes the difference between those who win and those who not.

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AdamFx42 26 Apr.

onegoodtrade - thank you very much (and thank you for helping me in the Social trading contest - you are the only one I am subscribed too at the moment) :-)

OneGoodTrade avatar

:) Thank you, but you have to subscribe to at least 10 traders in order to not be penalized in the social trading contest. Take a look at the new rules. I learned it the hard way.

AdamFx42 avatar
AdamFx42 26 Apr.

"To be eligible for the prize, one has to register to Social Trading Contest and subscribe for at least 10 Signal Providers during contest month." I have done that - no problem, you don't have to be subscibed to 10 providers at all time, just altogether

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USDJpy making massive gains - other Yen crosses too

UsdJpy is up to nearly 1.12 in a huge bullish reversal from 1.08
Other Yen crosses are following the pair up - Yen seems to be weaker
The most interesting cross seems to be the GbpJpy,
this pair has accomplished a three candle weekly inside reversal:
there should be more gains here next week
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Struggling with USD still

I am closing UsdJpy and UsdCad longs again today
It is hard to find a direction in Usd
I am long, I am short, I am all over the place- I am down to 80K
I will be switching to UsdCad shorts now before the BOC interest rate decision tomorrow
Cad data has been good and the rise in oil helps too
UsdCad has the potential now to go very deep
At the same time UsdJpy is failing to recover, so I will short this pait too
gl all
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Having a tough time going USD long

I opened three long positions Usd yesterday
I went long UsdJpy, UsdCad, and UsdChf yesterday and have been struggling
all day with all three positions
The biggest problem is UsdJpy weakness:
I was hoping for a bounce off 1.11, but it not happening (yet)
It seems that the pair is too weak to muster a move up
and will probably retest previous yearly lows around 1.1060
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Decided to buy USD lows

I decided to buy UsdJpy above 1.11 today
That level seems to have been well protected the last month
UsdJpy will move higher if the level holds and I have a tight SL just below 1.11
I have a buy stopin UsdCad too, because the pair looks bullish to me
I see an inverted H&S on the hourly chart, and the pair holds above 1.30
Another buy stop in UsdChf will be triggered if Usd can regain strength again
gl all
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Some USD strength, some profit

I made some profit playing the NFP release today
I decided to go long UsdJpy, and short AudUsd yesterday evening
In anticipation of a good number and some end of the month Usd buying
The AudUsd short I took because I saw an inverted head and shoulders playing out below 0.77
on the hourly chart, and I knew that 0.77 was a strong barrier for the pair
My UsdJpy long I accompanied with a UsdCad long and both made slight profit after the release
AudUsd hit my TP - luckily - before going up again
gl a…
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