May 25th(-25 pips)

Trade 1: Long USDJPY (-25 pips)

Returning to the trade of a couple of days ago with the same argument, I think USDJY may have met a medium term bottom and be heading towards as much as 116.  This trade does not target that number, more infrmation is needed to make such a bold call, but having recently made the advance and putting in a higher low which tends to confirm that an uptrend may be developing I am happy to enter long.  Will be spending time reviewing this weeks trades, a number have been taken for loss or small profit when the set up proved correct and went on to make significant gains.  We all know that it is not an exact science and that we can not be pip perfect however, the nature of the market is constantly changing and wemust adjust to those changes, increased volatility means a change is needed to stops and limits so i review constantly