Wednesday, June 11, 2008
Forex trading (currency trading) EUR JPY June 11, 2008
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Dear readers,
As I wrote in the early hours of June 11 (night of June 10 to June 11, USA time), EUR/JPY strong sellers were in area of 166.90. Price top in that area.
Attached is the chart of my entries. I took profits at around 10AM.
1:15PM:I just started scaling in a position that will be half the normal size. I started in area of 166.55.
9:30PM: Here is an update on the 1:15PM. Things went well, and price visited 166.00, which a good profit. Sometime in the afternoon I took half the position off for 27 pips profit. I took the rest for around 55 to 60 pips profit. The average profit is then around 40 to 45 pips.
In summary, with the profits taken at around 10AM this morning for some 80 pips or so, I have banked more than 120 pips on EUR/JPY.
I also played EUR/USD as I have mentioned in the equity trading forums. I do not now have the time to write about this, and will skip it.
I am including a chart of the part of the trade I did not close this afternoon.
Happy trading,
PS: I am planning various things including an educational series, and also I just learned how to make a blog available to INVITEES ONLY. I plan to experiment with a blog with invitees only.
If you want to learn or avoid being left out as an invitee, please send me an email (subject Add ME IN) so I can add you to my invitees. Send it to email address: emailfinancialtraders which is at gmail.com ( I am not writing the email address out as bots can read my email address and start sending me non-useful emails). If I were to write it would it would look like example@google.com, where replace example is emailfinancialtraders. Do not send an email to example@google.com
As I wrote in the early hours of June 11 (night of June 10 to June 11, USA time), EUR/JPY strong sellers were in area of 166.90. Price top in that area.
Attached is the chart of my entries. I took profits at around 10AM.
1:15PM:I just started scaling in a position that will be half the normal size. I started in area of 166.55.
9:30PM: Here is an update on the 1:15PM. Things went well, and price visited 166.00, which a good profit. Sometime in the afternoon I took half the position off for 27 pips profit. I took the rest for around 55 to 60 pips profit. The average profit is then around 40 to 45 pips.
In summary, with the profits taken at around 10AM this morning for some 80 pips or so, I have banked more than 120 pips on EUR/JPY.
I also played EUR/USD as I have mentioned in the equity trading forums. I do not now have the time to write about this, and will skip it.
I am including a chart of the part of the trade I did not close this afternoon.
Happy trading,
PS: I am planning various things including an educational series, and also I just learned how to make a blog available to INVITEES ONLY. I plan to experiment with a blog with invitees only.
If you want to learn or avoid being left out as an invitee, please send me an email (subject Add ME IN) so I can add you to my invitees. Send it to email address: emailfinancialtraders which is at gmail.com ( I am not writing the email address out as bots can read my email address and start sending me non-useful emails). If I were to write it would it would look like example@google.com, where replace example is emailfinancialtraders. Do not send an email to example@google.com
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