Short EUR/JPY

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

  1. TRAS

    TRAS

    EUR/USD


    Buy @ 1.5495

    Exit @ 1.5612


    Stop 50 pips

    If it break this area expect a nice move, computer generated. Signal.... watch area! Trade at your own risk!

    Closed the last entry E/J due to Price action
    not performing.
     
    #611     May 13, 2008
  2. TRAS

    TRAS

    GBP/USD


    Buy @ 1.9490

    Exit @ 1.9575


    Stop 50 pips

    This is the same with this one, trade at your own risk!
     
    #612     May 13, 2008
  3. Took profit (via take profit stop) of +70 pips in the middle of night when I was probably snoring, but definitely sleeping.
     
    #613     May 13, 2008
  4. 10:04AM: sold 1/8 of intended size of short EUR/JPY @ 161.52.
     
    #614     May 13, 2008
  5. I posted in another forum that I took some of my size a bit earlier at .67. I don't see too much more upside in the near future.
     
    #615     May 13, 2008
  6. The Short from 161.30 was closed today in 06:53 AM at 160.57
    +77

    Now i'm short again from 161.33(08:40 AM) and add 161.53(10:03 AM)
     
    #616     May 13, 2008
  7. Thanks for carefully studying them. I developed various things various over time. The method I am using here is a combination of a set of price action properties. I came up with it three months ago. I do not recall how much time it took, as it happened by accident so to speak. I was analyzing something, and it led to say "why I do not do things this other way". That way is what leads to the trades reported in this thread. As I am not always logged to currencies, sometime I get excellent entries, some times much less desirable but they make money. That is the reason why I scale in (and I think one should scale entries in currencies given the volatility and any possible games that brokers may play).
     
    #617     May 13, 2008
  8. 10:32AM: sold 2nd 1/8 of intended size of short EUR/JPY @ 161.76.
     
    #618     May 13, 2008

  9. 10:51AM: took + 10 pips profit on above. plan to re-enter if move up and fail.
     
    #619     May 13, 2008
  10. That is some rare skill behind that trade. Thanks for posting here. May we have more people like you around here. Thanks :)

    PS: All readers: you should understand what Bigpipn understands. Topping and bottoming (when it is not a V) are processes and not events. This is particularly true for currencies. So keep that in my mind while trading.
     
    #620     May 13, 2008