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Thursday, June 5, 2008

Forex trading- Short EUR/JPY at 4-45PM June8 2008

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I just shorted 3 times 1/8 of intended position on EUR/JPY in area of 165.20. I have shorted earlier when I was posting in the forum. I took the profits, and now I am re-entering. Chart is attached.
At around 5:05PM, I also shorted EUR/USD. Size if a bit more than what I allocated to EUR/JPY. EUR/USD is better to short based on price action, and technical levels.
These trades are for few hours, and we will decide on whether they should be for beyond that based on future price action.
Happy Trading


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Happy trading,

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