Posts Tagged eur/jpy
So looking back on the trading week where we made profit but a lot less than what it could have been. I had mentioned that I wanted to bring my stop to the low of each daily candle but was unable to do this. I took 80 pips on EURUSD and 40 pips on EURJPY.
If you look at what happened with EURUSD, you can see where I entered and exited:
I got out at 13000 as it was a round number and the shorter timeframe charts showed the resistance preventing the price from moving above this point.. h
December 15, 2012
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My EURJPY trade earlier this week saw me get in the trade at a great place... however, once again, I fluffed the exit. The chart is below:
The horizontal blue lines show where I entered and exited. I entered at 10657 after seeing the pinbar. I got a little wrapped up in the lower timeframe charts and saw resistance at 10700 and close the trade. I took 40 pips on the trade. You can see that the trade has since moved another 170 pips beyond my exit.. if I was still in this trade I would be
December 12, 2012
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I realised that although I had taken screenshots of the DDFX charts over the past couple of weeks, I hadn't posted them all up on the blog. So here are a couple of annotated charts taken using the DDFX system:
EURJPY - 22nd to 28th July
You can see where I was uncomfortable with taking the short signal. I didn't like how the sell arrows were staggered and by the time I got all 3 arrows, the market had already moved somewhat too far already. Shortly afterwards, I get a 'buy' signal... thoug
August 8, 2011
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