Update:
Currently in profit by 140 PIPS. After this breakout (of the Bull Flag type formation) we moved the stop up to lock in about 80 PIPS.
Currently up 90+ PIPS
USD/CAD – Long Trade, Stop at Breakeven
Tag: charting
USD/CHF – Long Trade (Stop entered, now risk-free)
We are long, up about 40 pips. If the Daily candle is able to stay and close green, we may have a chance for a nice gain.
Dollar/Yen Short Term Forex Trades
Here are a couple of recent trades on USD/JPY. The hourly chart is shown. The result was a net profit.
Though one trade was twice the size it can simply be viewed as + 120 PIPS
As we can see below this pair has been making some nice moves.
The same type of trading can be done on other instruments, such as the DOW (US30)
It’s important to understand PIP Value and margin for any instrument as they can vary.
Charts101 Trading 