Baruch's Forex System Journal

hi rax,
going long is also a possibility but according to the 4hr chart we have just crossed the 2 major support levels and that does not bode well for a bullish position. however, i do have my stochastic oversold but mkt has not yet gained any ground on the momentum indicator.

 

OK, but you would be short from 113.85?

 

im long eurjpy, usdjpy

 

Good luck. From where?

 

eurusd looks like bouncing back down from 68% retracement level of the upmove form 1,175x to 1,218x

 

since quite a while ,
usdjpy from 113,25
eurjpy from 136,18

looking good at the moment, +20, +11

 

i should have posted it right away, for credibility.

i will do that next time.

 

We trust you - of course. Where do you place stops?

 

for usdjpy rather a rather close stop,
eurjpy rather wide.

 

right but remember the 114.56 long got triggered 1st so i would have been stopped out at a loss on the long position but i would be up on the short from 113.85.

unfortuneatly i didnt take either position and i have to run out now so i will post again later.