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USDJPY - learning to trade option strikes
On friday pre NFP there was a trade for usdjpy@103 for wed. 15.02, I make a several short trades in profit (apx.50 pips per trade). Today option for 106 strike was traded for friday 17.02.
Till wed. I`m short USDJPY, then I will reverse the position.
Today I also enter the long position with tight sl to collect some pips on correction as RSI unwinds from over sold readings.
This month I will focus on USD JPY option as a test, then i will focus on broader range of pairs, my strategy should be focused
on options in combination with weekly pivot points.
On friday pre NFP there was a trade for usdjpy@103 for wed. 15.02, I make a several short trades in profit (apx.50 pips per trade). Today option for 106 strike was traded for friday 17.02.
Till wed. I`m short USDJPY, then I will reverse the position.
Today I also enter the long position with tight sl to collect some pips on correction as RSI unwinds from over sold readings.
This month I will focus on USD JPY option as a test, then i will focus on broader range of pairs, my strategy should be focused
on options in combination with weekly pivot points. 