On buy at 1.2077 buy (mm -2) Hit first target at 1.2097 - MM2 and 50 ma Exited 1/2 at 1.2096 Stop on balance 1.2089 offer
Overview of above trade, Clinical trade this one - 80 spit to 1.2077 at -2 MM out at 2-8 (50% measured Gann) to 50 confluence also. Scalp set ups for 20 pips. Exited also as US News Report at 10 ET
Was only in for a few hours this morning so just the following; Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis 02/01/2006 09:41am Forex Sell EUR/USD 1.2085 1.2084 1.2096 0.0011 Murrey 2/8 (F) 02/01/2006 09:15am Forex Sell EUR/USD 1.2077 1.2083 1.2089 0.0012 Trailing Stop Be in all day tomorrow and Friday
Dollar Yen is continuing it's march higher so far and has been building a continuation for the past 4 hours or so. It has tested the key 18 min 50 and the 5-8 off 7-8 - hard trade as hanging around the 50 (5 min). Have taken a long at 118.60 with a STOP at 118.53 offered (trades 118.56/7) EURJPY been a nice 80/20 channel but missed both orders of sell 143.23 and buy 142.77 by a few
Yen chop developing failed longs and shorts - if this is a spit of a spit should move rather sharply around London Fix at 5 200 and 18 50 and spitting 4/8 Am Short at 118.38 stop 118.46 bid If this trade fails out until after lunch on the JPY as directionless and jsut a day fort he brokers
Hit my trail at 118.29 + 9 pips - low was .21 offered which was a level would take howver with the Al Qaeda news and HS conference wanted to give it a chance
EURJPY has to my level from this morning at MM +2/8 as Dollar Yen rallys after the Terror Level was but a rumor and denied. Short 143.33 per earlier posts and stop at 143.42 bid (high been 143.40) Stop is at pivot for 143.58 +2/8 5 min ghas recalcd to 8/8 being 143.33 18 mins remains +2/8 will - look for a retest of the 143 figure (mid trend 8/8)
Today's trades - very choppy with a nice trade at the end of the day on EURJPY I am open with a stop at 143.23 bid - the high went very close to 143.42 - just shy of our 143.43 bid stop - technically a perfect retest - scroll up for the reasons for the short Currently we trade 143.15/16 Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis 02/02/2006 01:55pm Forex Short EUR/JPY 143.33 143.43 Murrey +2/8 (F) 02/02/2006 11:39am Forex Cover USD/JPY 118.38 118.29 118.29 0.09 Trailing Stop 02/02/2006 11:06am Forex Cover USD/JPY 118.36 118.43 118.43 -0.07 Stopped Out 02/02/2006 10:57am Forex Sell USD/JPY 118.39 118.36 118.36 -0.03 Trailing Stop 02/02/2006 10:33am Forex Cover EUR/USD 1.2084 1.2088 1.2088 -0.0004 Stopped Out 02/02/2006 10:17am Forex Sell USD/JPY 118.6 118.52 118.51 -0.09 Trailing Stop