Forex trading (Currency Trading) EUR JPY June 13, 2008. More than 100 PIPS

The forex trade (in currency trading ) we placed yesterday selling the EUR/JPY pair was at the top. It has made more than a 100 pips. I took some profits from the position earlier today. The remaining piece appears on the currency price chart attached.

Forex trading (currency trading) EUR JPY June 12, 2008

Dear readers,

It is now a little after 10AM,June 12 2008. I just started scaling in on short side of EUR/JPY starting in area of 166.50. Possible daily top in price has started to form. The strong sellers are expected in area of 166.70.

Edits: The pair visited 166.25 after above entry. And depending on where your entered, you would have between 25 and 30 pips profits. I was not in front of my computer when all this happened. So I took profits but only when it was back up around 166.35, after multiple ups and downs. For those who were watching it, you could have made multiple trips.

Total profits so far for today for this pair are a maigre 16 PIPS. But the day is not over yet.

Current plan is to short it if and when it goes to area of 166.80, and fails. Stay tuned.

6:18PM: I started scaling in on short side in area of 166.82. Good luck. Details will follow. Hang in here, and read.

Notes: I am entering in half normal size only (reasons will be explained another time). I am scaling in to build it (in pyramid formation).

9:20PM: The trade was great and well timed! Right at the top! We are now 45 pips down from the top.

Great profits!

Also send an email to emailfinancialtraders@gmail.com so that I started sending you my trades as they come. It is easier for me than going to forum or updating this on this blog as things can come delayed and I cannot post everything I do.

Happy trading.

Forex trading (currency trading) EUR JPY June 11, 2008

Dear readers,

As I wrote in the early hours of June 11 (night of June 10 to June 11, USA time), EUR/JPY strong sellers were in area of 166.90. Price top in that area.



Attached is the chart of my entries. I took profits at around 10AM.

1:15PM:I just started scaling in a position that will be half the normal size. I started in area of 166.55.

9:30PM: Here is an update on the 1:15PM. Things went well, and price visited 166.00, which a good profit. Sometime in the afternoon I took half the position off for 27 pips profit. I took the rest for around 55 to 60 pips profit. The average profit is then around 40 to 45 pips.

In summary, with the profits taken at around 10AM this morning for some 80 pips or so, I have banked more than 120 pips on EUR/JPY.

I also played EUR/USD as I have mentioned in the equity trading forums. I do not now have the time to write about this, and will skip it.

I am including a chart of the part of the trade I did not close this afternoon.


Happy trading,

PS: I am planning various things including an educational series, and also I just learned how to make a blog available to INVITEES ONLY. I plan to experiment with a blog with invitees only.

If you want to learn or avoid being left out as an invitee, please send me an email (subject Add ME IN) so I can add you to my invitees. Send it to email address: emailfinancialtraders which is at gmail.com ( I am not writing the email address out as bots can read my email address and start sending me non-useful emails). If I were to write it would it would look like example@google.com, where replace example is emailfinancialtraders. Do not send an email to example@google.com

Currency Trading (Forex Trading) June 10, 2008 Short EUR JPY 9:55PM

Dear readers,

Time is 9:55PM. I started shorting EUR/JPY. Current prediction of top is not to exceed area of 166.40 (but read the rest of the post to know a better shorting area). Therefore I started my shorting activities.

I am scaling in. First short is made in area of 166.25.

In addition to scaling, I evaluate the size of my trade. Where EUR/JPY stand it not the best place I would have like it to be for a clean short. At 10:42PM (EDT), the strong sellers are in area of 166.90, but there was sellers at lower levels. So the price is not at the strong sellers area, I am reducing to half the size of a normal size.

12:53AM (june 11): I just check, and the pair broke the 166.40 level. I got stopped out, with some small loses not exceeding 10 pips (I will explain things later).

Now the pair is at 166.60. As I indicated earlier strong seller are expected in area of 166.90. As I played with half normal size earlier, and as I will be sleeping for the next 7 hours or so, here is what I did:

1. I scaled in with a position of size equal to the one I was stopped at. New entry in area of 166.60.

2. I am leaving another size in area of 166.90, with a stop about the latest high for protection.

If I were to watch it in real-time, I would wait for a failure in area of 166.90 before entering, but I would scale in earlier in area of 166.60 to 166.65 (there should be in resistance in at around 166.67 to 166.70.

Addendum: 10AM June 11, 2008. EUR/JPY behaved in accordance with the analysis that identified where strong sellers were (read above). It is now in area of 165.88.
I am going to book some profits now (some more than a 100 pips, others in the area of 70 to 80 pips). This is more than 8 times the small number of pips lost on the earlier attemp to short it in area of 166.40.

I might go long, and then I will short it later. Strong sellers are now in area of 166.60.

Happy trading,

PS: I am planning various things including an educational series, and also I just learned how to make a blog available to INVITEES ONLY. I plan to experiment with a blog with invitees only.

If you want to learn or avoid being left out as an invitee, please send me an email (subject Add ME IN) so I can add you to my invitees. Send it to email address: emailfinancialtraders which is at gmail.com ( I am not writing the email address out as bots can read my email address and start sending me non-useful emails). If I were to write it would it would look like example@google.com, where replace example is emailfinancialtraders. Do not send an email to example@google.com

Currency Trading Euro vs Yen, EURJPY 10:25PM June 09 2008

After closing EUR/USD, I have moved capital to work in another pair. I am shorting EUR/JPY. I made some pips on it last evening, and also lost few pips, but since I had closed an earlier position for 80 pips or so, it was a good day overall.

I wish I was able to follow it today. I think it has topped for the short term in area of 167.

My current reading of it is that strong sellers in area of 167 to 167.50. Buyers to be tested at in area of 165.65. First resistance before heading to the strong selling is 166.60, but I do not expect this first resistance to be broken soon if any. Sellers are in control for the moment.

I am starting to enter but using only have of my usual intended size. I am scaling in as usual on bounce up. I just put 2/8 of the reduced size in area of 166.25, at around 10:2oPM.

Addendum: June 10: My analysis was precisely how EUR/JPY behaved. It stopped in resistance area of 166.60, and in support area of 165.60. I entered more on the way up, and covered my postion at 165.65. Great profits. Time now is 12:26PM. I will re-analyze it, and post my analysis and actions. But if I trade it today, it will be on the short side and at appropriate shorting places.

Happy trading

Trading the stock market, update on trading the NDX (QQQQ) June 9 2008

The short position call made on the close of Thursday June 6 2008 did very well on Friday, and added more today. Earlier today when I posed at the forum, It made 105 NDX points. That is huge for an index to make such a move in less than 12 hours of trading.

Here is a copy of what I wrote on the forum.

2:11PM. NDX is at 1950. Which is 105 NDX points from the top called by RFT just less than 12 trading hours ago. That is more than 5% return in less than 12 hours on a major index, which is the most bullish of all index according to bulls. RFT's call is UP 105 NDX points in less than 12 hours.

NDX is an index that is tracked by many instruments including many ETFs (QQQQ, QID, among others ) the nasdaq 100 futures contract, as well as call and put options on the ETFs and the nasdaq 100 futures contract.

It has been a profitable call if you are a stock trader, option trader, futures trader, a combination of these instruments, as well as if you are volatility traders as volatility rises when the market goes down.

I would continue to function under the assumption NDX is under the control of sells until the market tells us otherwise. I will make a post when I see the market telling us to stop playing on the short side. As always if I play the short side, I would wait for bounces before entering.

Happy trading

Forex trading, eur-usd pair June 9 2008

The live I call I made on the blog the previous trading made 150 PIPS.

This is from my post of Friday June 7 2008 "It is now 12:30 PM EDT. Starting at around 11:15AM, I started playing EUR/USD on short and range bound sides. EUR/USD bears: this might be a very place for you to short this pair at this price area and at this time. (remember that trading is not only about price, but also (mainly) about time). Chart of sell and buy forex operations is displayed."

I left a short position on EUR/USD for the weekend. Now it is 9:50PM on June 9. I just covered it at 1.56, for an average of 150 pips gains. I plan to re-enter if it bounces up and weakens.

Happy trading

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

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