CADJPY has moved up nicely. We are trading this currency pair to move into a long term trade by “graduating” it to the daily timeframe. Right now, we are trading it on the 240 minute. After 150 pip profit, we will move everything to the daily chart. The stop is going to be the Kijun Sen minus a buffer. You can see my current stop on the chart below. If you are conservative and NOT looking to move it to the daily timeframe, your buffer will be a lot less than what I have at this time.
For EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose
