Posts Tagged eur/jpy

Double top – EURJPY

Double top - EURJPY

Last night, I went short on the EURJPY after it looked like it made a double top.. I got in at 123.35 with a stop at 123.85 (50 points). I had a target of 124.65 and it got hit.. as I write this, the price action is at 122.85 which is almost 200 pips lower.. oh well, profits on the table but I made my 70 pips! I am using the longer term charts meaning 1 hour and 4 hour charts to time my entries rather than the 5 mins and 15 mins before... although you still may not get the perfect entry,

March 6, 2009 No Comments Full Story

It’s sooo hard not to take a profit when you’re trading!

It's sooo hard not to take a profit when you're trading!

Yesterday I complained about the AUDNZD trade shooting through the roof after I had closed my trade. I said that I would enter new trades with a 50 pip trailing stop loss on my Forex trading. Well, last night, I found two more potential candidates in the Forex markets... the EUR/CHF and the EUR/JPY. Both charts had the stochastics cross and the change in the trend moving average indicator. The EURCHF had previously cross the day before and I had traded this signal to find that I had got

June 5, 2008 No Comments Full Story

Free Currency Trader magazine – Jan 2008 out

Free Currency Trader magazine - Jan 2008 out

Thanks to Rich at the Forex Project for this.. The January 2008 edition of Currency Trader magazine is out and you can download it for FREE from here: www.currencytradermag.com You can also get the previous issue. Brilliant!!

January 7, 2008 No Comments Full Story

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