Sunday, November 21, 2010

22/11/2010 Long USD/JPY [Cancel]

 This trade is different from my previous trades where I will be taking the Monthly & Weekly RSI into consideration. I am going to test if the RSI is useful.

Trade: Long USD/JPY
Open Price: 83.74
Take Profit: 84.40
Stop Loss: 83.03
Reason(s): Daily Pinbar, Monthly & Weekly RSI pointing up, 83.50 Area.
Caution: Looks like Monthly & Weekly is still on a Downtrend?
Risking: < 1%

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