Long UJ, EJ

Long UJ, EJJanuary 14, 20149.05 gmtMy system generated long signals in all the yen pairs earlier today, at about 4.00 gmt. The levels at that time were UJ = 103.35, EJ = 141.32.I hesitated, because I’ll be travelling this weekend, from Thursday night till Monday night next week. I am concerned about keeping trades open when I travel, but after seeing how the pairs have moved in the past 2 hours, I am tempted. I am going long UJ & EJ at order sizes a little smaller than my rules recommend. Depending on where the market is on Thursday night, I may get out or leave hard / trailing stops in the trades.Long $10/pip USDJPY at 103.68Long $8/pip EURJPY at 141.89.Edit 9.58 gmt:Crap! I overlooked the UK CPI data release …

via Zen and the Art of FX Trading:

9.05 gmt

My system generated long signals in all the yen pairs earlier today, at about 4.00 gmt. The levels at that time were UJ = 103.35, EJ = 141.32.

I hesitated, because I’ll be travelling this weekend, from Thursday night till Monday night next week. I am concerned about keeping trades open when I travel, but after seeing how the pairs have moved in the past 2 hours, I am tempted. I am going long UJ & EJ at order sizes a little smaller than my rules recommend. Depending on where the market is on Thursday night, I may get out or leave hard / trailing stops in the trades.

Long $10/pip USDJPY at 103.68

Long $8/pip EURJPY at 141.89.

Edit 9.58 gmt:

Crap! I overlooked the UK CPI data release at 9.30 which I know would impact all pairs. Usually I would wait for that event to pass before entering this trade.

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Long UJ, EJ

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