Posts Tagged Forex trading
I closed my USDJPY long for +3 as I got nervous about it....this turned out to be the correct thing to do! Phew!
Anyway, I noticed that the GBPJPY got stuck in a short term range, 14400 and 14373 so when it got near 14400 I shorted it.. not only was this the top of the range but it was near a whole number.. whole numbers usually form a good support/resistance so I went for it... it didn't look too good a few minutes into my trade and I had my stop at 14420. The spread with the GBPJPY is 10
April 23, 2009
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I also went long the EURJPY at 134.98 and it is currently 20 points or so up. I got as high as 135.56 (almost 60 points) but has eased off somewhat now. I have moved the stop to break even and still hanging out for a take profit at 136.20.. let's see how it goes!
April 6, 2009
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Well, the market went my way and hit my target for 144 pips which was healthy. However, the market continues to fall and I've left another 70 pips on the table..
March 27, 2009
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