Trading Plan for the week of 5/17

Trading in the Eur/Jpy just about exclusively.  I am in BUY mode.

Using my martingale strategy (Click here for explanation), I currently have 3 long positions and one long order:

1/4 lot @ 119.26 (TP @ 122.26, no SL)
1/2 lot @ 112.60 (TP @ 114.79, no SL)
1 lot @ 111.37 (TP @ 112.81, no SL)
2 lot Long Order @ 110.10 (if we get there again)

If you haven’t yet, check out the divergence on the 1hour (if it’s still there), daily and weekly.

As always, follow me on Twitter.

5/20 – 11 pm – Chart added.

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