Kevin and the Giant Peach

Earlier in the week, I thought it would probably be a quiet one with no trades to be made. But checking on the charts at the end of the day is a habit. So, yesterday, after the market close, I checked my charts and saw the signal to go long the yen as the three week low of 88.63 was taken out just before the close.

I got in at 88.53 and placed the stop loss at that price plus 1.5 x ATR – which is a nice low .75. So, the stop is at 89.65.

If we get a close below yesterday’s close minus 1 x ATR at 87.88, I’ll add another contract.

This is the no-hastle way to trade. Just follow the rules.

US Dollar vs. Japanese Yen Daily Chart - 25 Nov 2009

(I’ll have to remember to tell Mom to have the computer on so that I can check when we get up there, tonight!)

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