Nervous wait

Nervous wait

9 September 2015, 00:34
Chris Howard
0
124

When I saw the JPY strength on the far left of the screen I turned off the grid trader until price action slowed down. This is where I entered and up until the 1st weekend I took some nice profits as price traded within a range. On the Friday night I decided to liquidate the positions in the market as the sentiment continued to be negative and I didn't want the top 7 entries accumulating losses if the market turned. The following week saw some big draw downs and I decided to turn the grid off again on Friday. When the market reversed with the grid off the long positions entered at the bottom banked some nice profits. It is now a waiting game to see if the GBP can gain some more strength on economic data along with the BOJ freeking out about the strength of the JPY and their inflation target. Bring on some more QE.

 Grid collection

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