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Thursday, June 12, 2008

Forex trading (currency trading) EUR JPY June 12, 2008

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Dear readers,

It is now a little after 10AM,June 12 2008. I just started scaling in on short side of EUR/JPY starting in area of 166.50. Possible daily top in price has started to form. The strong sellers are expected in area of 166.70.

Edits: The pair visited 166.25 after above entry. And depending on where your entered, you would have between 25 and 30 pips profits. I was not in front of my computer when all this happened. So I took profits but only when it was back up around 166.35, after multiple ups and downs. For those who were watching it, you could have made multiple trips.

Total profits so far for today for this pair are a maigre 16 PIPS. But the day is not over yet.

Current plan is to short it if and when it goes to area of 166.80, and fails. Stay tuned.

6:18PM: I started scaling in on short side in area of 166.82. Good luck. Details will follow. Hang in here, and read.

Notes: I am entering in half normal size only (reasons will be explained another time). I am scaling in to build it (in pyramid formation).

9:20PM: The trade was great and well timed! Right at the top! We are now 45 pips down from the top.

Great profits!

Also send an email to so that I started sending you my trades as they come. It is easier for me than going to forum or updating this on this blog as things can come delayed and I cannot post everything I do.

Happy trading.

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Happy trading,


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