USDJPY 4HR- The Decision Point

First & foremost I want to wish you all a happy new year! If you had a successful 2016 I wish you the same & if you didn't then I hope that you did what was needed to change that in 2017.

As I wipe the rust off of my eyes & remember had to look at these price chart thingys a pair that is on my radar is the USDJPY as price is making it's way to a decision point.

What I mean by a decision point is a level where I would be looking for either a buying or a selling opportunity all depending on how price action reacts once in that area.

It's important to understand that in trading it's not our job to tell the market what it's going to do. We need to listen for the market to give us clues, then look to involve ourselves once we're able to make an educated guess

In this case a failure at this level would cause me to look for shorts, while a breakout would have me looking for longs. (Oh and you those asking YES this would also be considered a 2618)

Good luck this week traders, I'll be trying to continue my daily blog on my personal youtube page, that way you can follow my journey as I start year 9 (wow I'm getting old)!

Trade ativo

Comentário:

Long at 116.32

Comentário:

Woke up to a loser on USDJPY & Winner on GBPJPY...sounds about right