Very well done Hemal truly amazing trading. I aim to be just half as successful as you. Great idea to hedge yourself when the market is at the point of going either way. I think the success in hedging is knowing when to pull out of 1 of the trades which you pulled off perfectly.
From a technical point looking at the charts of GBPJPY & EURJPY I would have thought GBP which looked to have the most support (4hr20, DP & WP) would have been the runner but obviously wall street showed us the way again.
Have a good weekend and looking forward to next week all ready!
Sir, thank you for your kind words. If I’m truely honest, I thought GJ would hold support but for this very reason I decided to place the hedge. Someone has asked me why I closed GJ at 150.42. The reason was that all the other yen pairs where breaking support. It became clear that Yen strength was back on the cards. Have a wonderful weekend!
Comments (2)
Very well done Hemal truly amazing trading. I aim to be just half as successful as you. Great idea to hedge yourself when the market is at the point of going either way. I think the success in hedging is knowing when to pull out of 1 of the trades which you pulled off perfectly.
From a technical point looking at the charts of GBPJPY & EURJPY I would have thought GBP which looked to have the most support (4hr20, DP & WP) would have been the runner but obviously wall street showed us the way again.
Have a good weekend and looking forward to next week all ready!
Regards
Dave
Sir, thank you for your kind words. If I’m truely honest, I thought GJ would hold support but for this very reason I decided to place the hedge. Someone has asked me why I closed GJ at 150.42. The reason was that all the other yen pairs where breaking support. It became clear that Yen strength was back on the cards. Have a wonderful weekend!
Regards,
H