i also let a position open during the weekend. gone long at 112.00 with stoploss at 111.90. looking for 50 pips or more 
have a nice weekend!
have a nice weekend!
- #3,463
- Jul 10, 2010 5:03am Jul 10, 2010 5:03am
i also let a position open during the weekend. gone long at 112.00 with stoploss at 111.90. looking for 50 pips or more
China data (trade balance) today was much better then expected (+25% over forecast), this will boost risk sentiment -> JPY selling. Current rate is 112,16 (xe.com).
Catalyst will be JPY election results.
Have a good week-end, see you at the opening.
Being right is one, taking it from the table is two.
- #3,464
- Jul 10, 2010 5:41am Jul 10, 2010 5:41am
Might play out perfectly.
China data (trade balance) today was much better then expected (+25% over forecast), this will boost risk sentiment -> JPY selling. Current rate is 112,16 (xe.com).
Catalyst will be JPY election results.
Have a good week-end, see you at the opening.
- #3,465
- Jul 10, 2010 7:19am Jul 10, 2010 7:19am
- Joined Aug 2007 | Status: Newbie | 1,332 Posts
Gold Expedition Return This Year:
-16.4%
- #3,466
- Jul 11, 2010 5:11am Jul 11, 2010 5:11am
i thought that because the data was better than expected, is was good for currency, so that JPY would go higher and my 10 pips S/L should be hit. Can you explain why it is otherwise (good data = currency down)? 112,16? nice. at +20 my trailing stop kicks in, so i'm having a free ride
When there is good news in the global economy, Risk appatite increase. This will lead to safe currencies like JPY loosing as high yielding currencies will be the toast of investors. Hence, EURJPY may go up at opening
We trade to live not live to trade................
- #3,470
- Jul 12, 2010 2:44am Jul 12, 2010 2:44am
- | Commercial User | Joined May 2009 | 5,751 Posts
THat is for me huge TP i just opened small position sell becouse today is Friday and i usually dont trade at Friday but i was waiting too see this scenario from yesterday and today that hapen...
Rule 1 : Trade your plan
This are picture from my beginng plan to my triger now
Cheers and trade safe ....
my TP is 110.85 we will see also Cable i closed +100 first position and second is current +150 expext 200 plus Cheers and happy trading i will upload chart later now i work with my students..
Cheers
"Buy on fear, sell on greed !!!
EURJPY look good
Cheers and happy trading i will upload chart later now i work with my students..
Cheers
im holding short GBPJPY 133.58 and tp is 200pips.was away when it went 100pips down so now back to +10pips
