Earlier I did a video on the potential USDJPY short trade identified with the TradersHelpDesk indicators that should come in. A trader had the opportunity to trade this using one or all of the following:

  • Spot Forex
  • Binary Options
  • Spreads
  • Touch Brackets

I opted to trade using the binaries and touch brackets (didn’t like the premiums on the spreads). The 15-minute chart was the key to showing that price would go down.

USDJPY Short Trade using touch brackets and binary options
USDJPY Short Trade Using Both Touch Brackets and Binary Options

Entry on the Touch Bracket was at $110.99. The ceiling was at 111.31 and the floor was at 108.81.

USDJPY Short Trade - Touch Bracket

The sixty minute chart below shows how this played out. The bright red was the entry. The dark red was the ceiling price, the yellow line was where the six hour chart projected price to go.

USDJPY Short Trade 60 minute timeframe

The concepts taught for identifying, entering, and managing this trade will be taught at the 2 day seminar in May (Greensboro, NC) and the seminar is included in the Diamond Package.