DO NOT SPEAK OF THE DEVIL! 
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Ladies and Gentlemen …
Today is the last trading day of the half-year.
Expect (or maybe just don’t be surprised at) some FX book-balancing which may cause large price fluctuations.
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Seems it might be happening today. The E/J started with a solid gap up, ran up for a bit, then has been dropping like a rock. It’d be nice to stay awake 24/5 so I could keep an eye on my trades, but being awake for 120 straight hours is basically a one way ticket to the looney bin. Guess it’s time to talk to some programmers and see if they can set up an automated system, for a price that doesn’t put me in the poor house.
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Well … whatever knocked the Euro down at 6am (BST) has undone itself from just before 12pm.
I wasn’t concentrating so I missed it… 
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Had my share of that in early days but never again.
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Alerts to very loud speaker/phone/email no good ? I think there are free apps for smart phones now that can give you a nudge as price comes to area of interest.
I’m not keen on auto as the non human element freaks me out but good luck in finding a solution that lets you rest.
My tablet alerts allow me to spend an inordinate amount of time in my shed 
Highs and lows! The most probable reduction won’t happen until fall!
IMHO it is called “low leverage”
This tactic is sustaining me in my current UJ quest.
However what I really need, Stu, is a better approach to game management.
Guys … look what I found! Very interesting! (to me anyway)
https://www.mof.go.jp/english/jgbs/auction/calendar/eresul/eresul20190704.htm
Yaar … I just listened to a currency pundit stating that Trump is trying to weaken the US$. That would be good for his aims of trying to reduce foreign imports and the trade deficit. Personally I hope he fails in that weakening respect. Additionally he is fighting the FOMC but they seem to be caving under threats of losing their jobs…
Also the thing which came to mind as I heard the opinion is that the BoJ/Yen is hovering around its preferred range. If UJ gets much lower I can see the BoJ intervening to weaken the Yen.
Great if that works for you.
Do you mean like missing your TP by a few pips and comes back to stop or BE etc Or a strategy for tiered risk ? With partials at different levels ?
I’ve done all kinds of permutations over the years, I’ve never found a fixed TP or the usual weighing up if the risk to reward will be worthy of clicking the mouse any use. Again all this is dependant on expectations, style of entry etc. Perhaps if you explain how you manage things now and entry style etc might be able to suggest something but I doubt there isn’t much you haven’t already seen.
If you are still intraday I believe you just have to be bloody flexible. As ever you can’t get 20 pips from a 12 pip swing etc etc.
If you can convert that info into hard cash you have no game management issues !! 
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Nah. Just need something that will adjust my TP levels if a pending order opens. When I started live trading again last January, it was great. Plenty of volatility during the 9-5 timeframe so I made plenty of money off day trades. Now sometimes moves are starting during the early-to-mid London session, or depending on the pairing, the late Tokyo session. Depending on how far the move goes before it comes back and I make my money, it might open a pending order or two. I just need something that adjusts my existing TP levels to the new one that just opened.
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It was more of a quip about how the whole process is really part of a game.
I still have trouble accepting losers and one way of managing that is low leverage.
I don’t (usually) use stops.
Interesting. My view (an idea that I am developing) is that you open a trade when you can see where price will be in a few candles. A few might be quite a lot.
I watch time-dependant moves too…
Trump does want a weaker dollar, because it levels the playing field with other currencies that are at zero or negative rates, not to mention the currency manipulation of the Yuan. Whether he succeeds or not is another matter. That being said, it is my opinion that the FED will cave to reduce rates, because many think they acted too soon and Manufacturing has not been what they projected it to be, it still needs time to catch up, and reducing rates now will certainly be a big help in terms of the market health overall. Another thing to consider is Treasury yields and 123 trillion dollar pension liability, which is 50% under funded and is posing as a powder keg in the near future! Narvarro was on Business CNBC talking about rate reduction and Trump is introducing a new FED chair soon.
Also, as far as the Yen is concerned, I believe its range bound, and has been a pretty solid currency to trade for me across several pairs. Just closed my EURO/JPY with a decent profit. However, I do see what your saying in terms of wanting to weaken the Yen as a real possibility. Glad I am out at this point. Looking at other currencies such as the NZD and the Euro. I usually stop trading the Yen about this time of the season and start looking at commodity currencies. We will see as the saying goes!
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