Tuesday, July 1, 2008
forex trading (currency trading) EUR/JPY , EUR/USD, June 30 , 2008 (Update)
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Stock traders, investors, and currency (forex) traders,
I thought to give an update and divided it into currency trades and stock trades. This section contains the currency (forex) trades. The next one contains an update on the equities (stock) trades.
I have build a short position in EUR/JPY. Attached is a chart indicating where I entered and where it stands (up more than 200 pips so far).
A top is forming on EUR/JPY. If there is a reaction, then I would expect it to fail on re-retest of highs. I plan to put stops to lock gains, but if there is a reaction (which can happen if there a rally in equities over the next few days, and if there is not a sharp sell off in oil and eur/usd.
EUR/USD is also weakening since my discussion of it in an earlier port today.
Happy trading
PS: Send your enrollement email to:
emailfinancialtraders@gmail.com
I thought to give an update and divided it into currency trades and stock trades. This section contains the currency (forex) trades. The next one contains an update on the equities (stock) trades.
I have build a short position in EUR/JPY. Attached is a chart indicating where I entered and where it stands (up more than 200 pips so far).
A top is forming on EUR/JPY. If there is a reaction, then I would expect it to fail on re-retest of highs. I plan to put stops to lock gains, but if there is a reaction (which can happen if there a rally in equities over the next few days, and if there is not a sharp sell off in oil and eur/usd.
EUR/USD is also weakening since my discussion of it in an earlier port today.
Happy trading
PS: Send your enrollement email to:
emailfinancialtraders@gmail.com
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