Stock Trading | Forex | Financial Markets: Forex Trading Euro vs Yen, EURJPY 8:19PM June 08 2008

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Sunday, June 8, 2008

Forex Trading Euro vs Yen, EURJPY 8:19PM June 08 2008

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Dear readers,

Earlier today I took profits on a short position I carried over the weekend when EUR/JPY was in area of 165.15. Now it is around 8:25PM. Just to let you know that I started shorting EUR/JPY again starting in area of 165.75. Always scale in your position size.

Here an update. I took few pips on the earlier entry (7 pips). I got stopped out when I changed stopps and EUR/JPY was down around 15 pips from my entry.

Now it 9:41PM: I am re-entering on short side again. First entry at 166.00.

9:45PM: Second entry on short side at 166.18

9:47PM: Third entry on short side at 166.26

Happy trading

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