Elias_K

CHFJPY Strongly Bullish

FX:CHFJPY   瑞士法郎 / 日圓
The buyers of the CHFJPY             are constantly boosting the pair to the upside since October 2016. The latest stability of the price at the 114.76 area is a good indication that the CHFJPY             will likely appreciate.

My long-term targets are the 120.00 and the 125.00.
400,000 units at 115.17 - total loss around 5k
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Elias_K BrijeshKukreja
@BrijeshKukreja, I mean your balance in money and your total lots of open positions.
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What is your total balance, if can tell me, and what is the total number of lots you have on open positions?
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Let’s hope you are right as I am still holding some positions since 1week
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Hello BrijeshKukreja,

Thank you for your comment.

Events simply create volatility and not direction but simply confuse the traders as some wait for an event to take place to place a trade.

Trading is all about gravity. Therefore, placing small size orders (risk & money management) within the trend is the key to progress.

Do not expect fast profit. Gamblers believe that every day they can place trades hoping that they will win.

The formula to success is: Long-Term Trends + Patience + Risk Management
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This pair is pathetic! On what basis CHF should go up when their data is not coming good? They had a trade deficit this time. I don’t see how this is bullish
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Elias_K BrijeshKukreja
@BrijeshKukreja, Thank you for your comment.

Events simply create volatility and not direction but simply confuse the traders as some wait for an event to take place to place a trade.

Trading is all about gravity. Therefore, placing small size orders (risk & money management) within the trend is the key to progress.

Do not expect fast profit. Gamblers believe that every day they can place trades hoping that they will win.

The formula to success is: Long-Term Trends + Patience + Risk Management
回覆
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