Original level USD/JPY...Sell Yen @ 99.75 (H) Futures…100.20 USD/JPY
100.20 is the 200 day mvg avg in the USD/JPY, which = 99.75 Futures
With a Risk off board we could see an over run to 99.60 ish USD/JPY.
It’s hard to know what level the market will honor on a big swoon.
The Robots can over run an area in less than a heart beat.
This is not for retail investors to try!!!!!!
Those wishing to sell the Yen looking for a match with a low in the Spu’s should use 100.35 Futures.
Remember, this is the same trade as buying the Equity Indices!!!
The levels written should provide a bounce or at least the opportunity to exit close to your purchase level.
This could get out of hand. I’ve written the levels for Professional full time traders only. All the trades are the same trade…they are Risk On Contra Trend Trades!!!!Caveat Emptor
These are reaction trades for the Pros only!!!!!
They will not be part of my portfolio since they are not suited
to the average Investor.
What to do if you get filled…Pay for your trades!!!!!!!
75 to 80 points off a high in the Yen…traders should be out of at least half…then use a breakeven stop on the rest.
Spu’s…Pay for your stop on an 11 point bounce…same Idea…don’t loose money!
NASD…Cancel the Buy…this could go to 3400 on an over run