Yen…105.20-30 is first support in the Yen, 95 USD/JPY.

Pay for your trade here!

YCS…action over 61.77 is needed to confirm a high in Yen and
a low in this ETF.

Your Fill is 58.25 if you bought the opening!

Sell 1/2 your position @ 59.25 and another 50% @ 61.40.
As always this will be an OCO order using a 57.35. stop.

We did this trade for two reasons…massive stops were elected last night which gives us an opportunity for a contra -trend trade.

Second…being short the Yen is a surrogate Long Equities.
We have a potential double bottom in the S&P 500 Futures.

We’re about to find out if the Equity pattern from the previous weeks is going to continue or break down. That pattern has been an early Thursday low followed by a short covering rally into Friday. It’s the same trade as the Yen.

It’s worth a look.

Futures Traders should be using the levels written to trade from a side at the given time frames. I.E. today’s IMM opening range @ 7:20 CDT.

“Pit Session” Equity Indices open with NYSE @ 8:30 CDT.

It’s already moved 1K a contract since the opening.
Volatility is high so you need to trade at the right times and at the correct levels
to mitigate risk.