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Daily Archives: October 25th, 2016

Came home from dinner to see that USDJPY trended slightly higher at 104.85, so I decided to Short USDJPY again at 104.83 and with my earlier trade at 104.45, it brings my average down to 104.64.

Since, the trades are done on cash basis, I can afford to wait for the market to come to me.

Currently, spot is at 104.62.

Pursuant to my thoughts on the new trading channel for USDJPY, I decided to Short USDJPY at 104.45 five minutes ago.

Let’s see what happens?

By the way, this is a cash transaction, no leverage involved.