3 Little Pigs MTF Trading Strategy - USDJPY 20-Mar-16

3 Little Pigs MTF Trading Strategy – USDJPY Update – 20-Mar-16

Just trying to provide a bit of a running commentary here on USDJPY – As it also allows me to demonstrate to everyone a scenario that is quite common.

Since February this year we have had 2 winning trades – I documented the first one here.

Following these 2 winning trades there have been 6 losers in a row – Which have almost negated the profit from the 2 winning trades.

Some, as always, in this situation have emailed me saying – Should I wait for this choppy market to end…

3 Little Pigs MTF Trading Strategy - USDJPY 20-Mar-16 - Chart

Well, the current trade is almost at break-even.

Does it mean this chop has ended? Who knows? I for sure do not!

But, to answer the question – Should I wait for this choppy market to end? Well, if you do, you may well miss that trade that signalled the end of that choppy market!

Of course this trade may be stopped out for break-even – On the other hand it could break 110 and head back down to 100.

Whatever happens, by taking every trade we ensure one thing – When the trend returns, and return it will – We will be involved.

Follow up 3 Little Pigs update.

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Current View From The 3 Little Pigs Scanner

Here is the current outlook for the 8 currency pairs I trade and many other instruments from my 3 Little Pigs MT4 Scanner screen.  It shows currently trending markets and where there is a valid signal on the current or previous 4 Hour candle close.

Check out that AUD strength I have highlighted…

3 Little Pigs MTF Trading Strategy - USDJPY 20-Mar-16 - Scanner

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DISCLAIMER & COPYRIGHT

This update is based on my analysis on my charting package. It may differ to yours as it can be affected by time, market movements, charting packages and broker prices. I accept no liability for loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on any information in this report or analysis.