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Daily Archives: July 8th, 2016

I was late getting back from dinner to catch the NFP. 
Got home at 830pm, NFP came out much stronger at 287K, majors weakened against the Dollar on average by 50bps. 

Then within 15 minutes the majors reversed against the Dollar erasing all gains. 

I couldn’t catch any trading opportunity, then all of a sudden I observed that the US JPY was down to 100. 

In my last article I discussed the 100 yen level as a possible bottom to Long the yen. 

So I decided to Long at 100.03 and in 20 minutes it hit 101 and I decided to square the position for a trading profit of 0.97 yen. Almost one big figure. Not bad to end the week. 

By the way if this article seems strange it’s because I am using my IPhone to write this article rather than my laptop.