Short EUR/JPY

Discussion in 'Forex' started by riskfreetrading, Mar 25, 2008.

  1. 1:41PM: took 15 pips on 1/8 of position with the plan to put it back on eventual bounce to 160.50 (but the bounce back may not happen, so I am taking the risk of losing 1/8 of position on move down). Covered the 1/8 at 160.35 area.
     
    #191     Apr 3, 2008
  2. 2:14PM: reloaded the 1/8 short EUR/JPY @160.51. Getting ready to add another 1/4 short.

    After typing the above line, it is moving fast. I did not have time to add my 1/4. I added only 1/8 at 160.45. Next destination may be in area of 160.20 and beyond.

    2:39PM: it is not moving as fast I wanted it to be. So, I took off 1/4 from position with an 18 pips gain. Will reload if it has the energy to bounce back up and fail. Recovered the 1/4 in area of 160.32.
     
    #192     Apr 3, 2008
  3. 3:03PM: re-entered 1/8 short EUR/JPY @ 160.49.
     
    #193     Apr 3, 2008
  4. 3:47PM or so: took 1/8 as gain (+18pips). covered at 160.31.

    It seems we are stuck in the mudd for now. Tomorrow announcement should make the markets move. I expect it to move down tomorrow, but I will sell only when I see it moving. It might also move during asian session. Time to take a break. Good luck everybody!
     
    #194     Apr 3, 2008
  5. OUT HEDGE LONG from 160.75 at 160.33 -42
     
    #195     Apr 3, 2008
  6. Still in Shorts , last ADD 160.40 .
    Will HEDGE ABOVE 161.15
     
    #196     Apr 3, 2008
  7. 6:42PM: took off whole short position on EUR/JPY, as I may not be able to follow market during asian session, and also because congestion seems to be taking place.

    I did not do the count, but made 26, 17, and 26 and 22 pips on the faction of position I had (some were 1/4 positions and others were 1/8). Will do the count later. Good luck for those of you trading. Was out at around 160.22 area.
     
    #197     Apr 3, 2008
  8. 22:30PM: 1/8 of position size in; Short EUR/JPY @ 160.55.

    10:53PM: a second 1/8 is added @ 160.64.
     
    #198     Apr 3, 2008
  9. 12:45AM: sold 3rd 1/8 of position size EUR/JPY @ 160.69.
     
    #199     Apr 4, 2008
  10. SHORT EUR/JPY 160.75
    1:15:41 EST
     
    #200     Apr 4, 2008