Forex portfolio: Short the USDJPY pullback

22 sept 2016

Let's take this trade next. Enter now, stop 101.691, risk 0.5% on the position.

Good luck!

Ivan Labrie.

22 sept 2016

Nota

This can evolve into a giant selloff until November 25th.

23 sept 2016

Operación cerrada manualmente

I'm not liking the retracement of post-FOMC action today, I suspect traders will close positions going into the debat and OPEC news so we can probably reenter next week. We will close all FX positions for now. It's better to avoid risk and take a small loss than continue to be exposed to this move. In the long run, it's highly probable that the trades pan out well, but short term distortions in price can cause larger loss than acceptable before the fundamental move pans out.

23 sept 2016

Operación activa

Reenter this one, stop is now 102.655

27 sept 2016

Operación cerrada manualmente

The short doesn't look safe now.