Thankfully I’m  not superstitious. Otherwise, with today being Friday the 13th, I wouldn’t be trading. Kind of wonder, how did this day get such a bad rap? Remember these stupid movies from about twenty years back? What a joke and a bad cinematic work, too. Since I abandoned any silly believes of this sort long time ago, had no problems getting into markets today. Entire week was lackluster, with little trading, and the trades taken didn’t really produce anything worthwhile. Have been following Yen since last Sunday, waiting for a chance to go long JPY pairs, as mentioned yesterday. The day before they formed congestion, or trading zone. Plan was to buy on the upside breakout from those ranges. In yesterday’s post I used CAD-JPY as an example. This is what happened.

Somewhat to my surprise, the move came an hour after last post was made. I didn’t expect much till later in the evening my time, but orders had been in place. CAD-JPY reached its target for nice 120 pips. Had to spread my orders between different accounts, to avoid a big hit to any one of them in case I was wrong. Behavior of all JPY crosses was very similar and all of them presented good set ups.

Still felt that size of my trades was a little too big, so in most cases I closed half of them once about 50% objective was reached. It turned out OK and put this week into positive territory. Who says Friday the 13th is all bad? I might return to more active tracking of GBP-CHF and EUR-GBP after the weekend, or perhaps Aussie, which got stronger on Australian stimulus news. Yen, of course, is always game. Decision will be made once I go over the charts. Tomorrow or on Sunday.

Mike K.