I'll be scouring the charts for "actionable masterpieces". These will be signficant chart patterns or set-ups that I feel are not only tradeable, but also have a high probability of making big profits with little risk. Whenever I spot an "actionable masterpiece", I will post an annotated chart (my chart art) along with an explanation. My goal is to help you learn how to spot these low ocurring but highly profitable "actionable masterpieces" yourself.
Trade Review: USD/JPY
"Yo BOJ, don't you touch them interest rates or we'll kick yo butt." I could be wrong, but I read that's what Japanese politicians were saying. So when the Bank of Japan met last night, they succumbed to the pressure and kept interest rates unchanged at .0.25%
Keeping your interest rates steady isn't really supportive of your currency - especially when there were market expectations of a rate hike. The yen proceeded to weaken and my trade was stopped out for 70 pip loss. Bummer dude.
