6J (Sim)Trade 7/22 (Wed) - "3rd Touch"

6J (Yen Futures) 1000V

This is a "3rd Touch" setup. I've set my profit target 4 points away from entry but had covered a few ticks below when price was surging towards HL resistance. I prefer to get out when someone still wants in. And, I wasn't sure that price was going to close above resistance (it hasn't).

Will be looking for similar setups in the 6E, ES, TF and NQ. Using volume charts for all.

The 6J (Yen futures) has the same tick value as the 6E, and is almost as thinly traded as the 6E too. It works for me though, coz I can read the tape of a thinly traded market.

I have started to accept modeling assignments and have 3 lined up for the week. Something to get me away from the screen.