The USD/JPY trade is a good example of a nice simple trade. I wasn’t initially all that excited about the trade as the 89’s had moved into the 144's area and was causing congestion on the 4 – hour chart.
But as the TI broke I started paying attention to the 30 – minute chart.
When the 30 – minute started breaking down it had all the looks of a solid break. This will come with experience.
You will develop a sense for when a break is real or false. Using the rules will help you stay out of trouble.
No comments:
Post a Comment