was just looking at the eurjpy chart....now that all the mideast buying in the euro seems to have subsided...the charts showing serious signs of topping out.. Who thinks is a hard short at 138.50?
I like the idea in theory - but it's just scary getting in front of this EUR rally (it's rallying on just about everything). Step in front of a truck before it stops and ...well, you know.
This is a trade on political developments in Japan. Koizumi has called for snap elections, likely to take place in the next several days. Good trade - but be aware of the event risk.
Boys (and girls...) I have been thinking about this for a while. But how about we all start posting our thoughts on expected FX movements and trade off each other. I am sure there are alot of smart people on this forum....and several successful traders. I am always happy to hear trading ideas and strategies from other traders who are looking to make a few dollars here and there...(or trade for a living as I do).
Excellent call, I almost pulled the trigger on a GBP/JPY short when it could not break 200.23 At least my read was correct, I'll catch the next one . . .
well, it turns out I bailed with 100-pts profit @ 137.60 - didn't like how it kept stalling. Then I watched it continue falling to 136.77 where I switched directions and took out a long. Yeah, I know... I know... I guess I am used to giving this market a war... or getting one from it. I don't too much trust smooth-sailing. Hopefully it will turn and do a nice little retracement now up 100-pts where I'l close it. And... if it doesn't... then I get to battle. I do feel there is some kick in the euro still that could propel EUR/JPY back up, at least 50 or so pts - will play it by ear and see what transpires. I'll take 50! Saham 136.66