I just entered a sell short in EURJPY on the 4 hour chart. Usually I make sure the 4 hour time frame is overbought but since I started drawing my channels along with Fib lines I thought this setup was too good to pass. Nice void below, I’m looking for a 40 pip profit on the play.
EURJPY 11102013
11/11/2013 morning update
Not good, overnight, my EURJPY broke the down trend on the 4 hour chart and rocketed upward, I’ve stopped out on 3 of my lots, and 3 are still in short. I’m hoping for a break even on the play… Here’s the updated chart…
EURJPY 11112013 update I
11/13/2013 update, Ouch! I had to kill my trade in EURJPY just ripped to the upside. Here is the updated chart. See, even TraderHank has a losing trade once in a while…lol
EURJPY 11132013