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Wednesday, June 4, 2008

Shorting EUR/JPY

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I have been posting live trades in forum know as a hangout of first rate traders. The last time I posted a trade was yesterday June 03, 2008. The trade was placed at exactly 3:41PM EDT. I shorted EUR/JPY at 162.67. 24 hours later (3:41PM on June 04), it turned that what I shorted was indeed the top of a forex trading day (forex trades 24 hours). The low for 24 hours was in the 161.78 area, or a 90 pips move.

So it was as good profit for the followers.

I am going to post some trades on this blog. I will post them in real-time (shortly after I place a trade).

I divide my size into 8 pieces (as I like numbers that are multiple of 2.
(8 is 2 power 3) :-). There are other reasons for this, that I will discuss in future writing depending on the taste of my future readers.

First trade on this blog is:

Short EUR/JPY 1/8 of intended size, at 162.54 and time is 5:14PM EDT. This is a real-time forex trading call.

Once I will learn how to do it, I will add means to allow you to receive my calls, by sending you emails and something equivalent that does the same thing.

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Happy trading,


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