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Wednesday, July 23, 2008

forex trading currency trading eur usd (July 22 - 23, 2008)

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forex trading currency trading eur usd (July 22 - 23, 2008)

Stock market traders and investors, currency traders, forex traders:

First we would like to say to regular readers that we have been away, and due to additional circumstances, we could not post on this blog over the last 10 days or so. We would come back to this in another post.

This post is about trading the forex. We have been sharing with those on the forex email lists some of our trades (particularly with regard to the eur/jpy pair). We have also traded EUR/USD, and we are about to close the latest trade on the EUR/USD pair which is showing some 230 pips profits.


I would also add to those who received emails about EUR/JPY over the last two weeks, that last night and today we could not send you the trades. Since the stock market finished green today and since EUR/JPY is generally positively correlated with the equity market, we took profits in the afternoon. We plan to re-enter if it goes up and fails, but we still work under the assumption that this pair is most likely at the top, and we are trading it accordingly as per the various emails you have received. Chart is attached.

Enroll to the forex email list if you would want that we communicate with you regarding the forex trades.

Happy trading

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Happy trading,

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