Bank Of Japan Trade Plan: Update

Last week I made a trade plan in this post, Read it and see what I proposed. I actually got out when the Bank of Japan attempted to intervene and we had that huge spike above 85. The trade plane worked out just great. Keep Watching this pair for large spikes in the future.

I wish all of them worked that well.

1 HR Chart

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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  • Chy

    Hi Casey,
    Do you mean we’re expecting another intervention from the Bank of Japan? Please what’s the criteria for their intervention?

  • Ljbprrfmof

    LOL, I fell asleep while determining my SL. Had a margin call on my live micro demo account.

  • Patricio A

    The bad thing was that the spike appears when I was sleeping and the trade closed with the sl 🙁