Trading Diary #4
Last Friday's NFP where the August jobs report was weak, we saw USD plummeted down. I just watched the chart went down and up in an hour and frustrated many traders.
I was eyeing Yen because as I mentioned before that I trade during Asia open. Based on my noob observation, Yen usually bounce back stronger after being beaten mercilessly and last week we saw Yen was so weak when USD suddenly grew stronger on Wednesday onwards (Mine you I'm taking about hourly observation not daily or weekly)
So I placed a PO Sell for pair Pound Yen, expecting it to be triggered on Monday (today). Usually I would place slightly bigger trade expecting to catch weekend gap.
I woke up and read Babypips' news headline, "Yen gained against the dollar and other currencies in early Asian trade on Monday, as investors trimmed their exposure to higher-risk assets after North Korea conducted its most powerful nuclear test".
My trade hit TP ! Woot !
I'm done for the day.
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