FXjake's Free Pips

That would be 90 pips........depends on the account I suppose. But for the post we had the entry at 90, so 90 it is.

 

IluvVol--

Thanks for the kind words.

I think that 'intervention' was a planned meeting, but regardless it was what was needed to complete the formation. Attached is a chart I sent through to my trading partner 10 hours before Switzerland cut the rate.

 

I have taken a short on the NZD/USD, the NZD/JPY and now the EUR/JPY.

Since the NZD/USD and NZD/JPY trades have already gone into profit many pips, sorry I forgot to post these trades (if anyone is watching). I will simply post the EUR/JPY trade since the price is still hovering around the entry.

Sell EUR/JPY at 131.32
Target 128.90
Stop 134.60

 

how did you come up with your target and stop for EURJPY?

Thanks

 

OK, the EUR/JPY has taken the big fall, over 400 pips from the high during the Asian session and it went well over 100 pips in one hour. I have now moved the stop to +10

 

Hi IluvVol. I have to admit that I don't troll through here all of the time so I sometimes won't check back here until there is another trade, sorry about that.

Anyway, I have attached a picture to explain where I "see" the important zones. I hope that is interesting and helpful.

 

thanks, so seems you set your target and stop levels also in regards to support/resistance levels, correct?

 

OK, out now at 129.69
Exited with 163 pips

 

Precisely, although I keep an eye on things and if it looks like there may be a significant move against me before the profit target is hit, I will definitely get out, like this double bottom on the eurjpy right now, that is why I got out 80 pips higher than I would have liked on this one.

 

Sorry, forgot to post when this went in

Sold at 100.31
Target 99.40
S/L 101.49