US/JPY 5M
Double click on the chart…This is a very tight range box which offers the the best trading opportunity because with small range boxes you can use much smaller stop loss settings and therefore you can trade more lots with low risk and greater potential payoff.
This is the 5 Minute chart of the US/JPY pair around 10 10:30. At 12:30 it finally struggled down and made a small 1 2 3 exit signal before making a bigger move on down at 2 AM. This is the reason to take partial profits and let the rest run.
It is friday, so not a big trading day and the markets are crazy now, not the best time to trade anyway. The market went down 60 pips before reversing. Following my plan this week would have paid 200 – 300 pips in a wild wild market.
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