Posts Tagged eur/jpy
I had opened a long trade on EURJPY a few days back after seeing some support around the 12700 mark. My entry was perhaps a bit premature as I hadn't waited for a confirmation of the support line. However, on the second day, the price actually moved down to support again and tested it (at this point, my drawdown was around 100 pips). This would have been the better place to have gone long but looking at the chart, I would have probably entered at exactly the same price.
Anyway, the follow
May 2, 2013
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Something which is really bothering me at the moment is the dilemma of trading exits... this has been something which I've been trying to work on for a long time but I can't seem to get it right. I know that there is no right or wrong but I am currently toying around with two exit strategies and not being consistent with my approach. As a result, the dilemma of trading exits has become really frustrating and I'm afraid that if I don't get it sorted out, my trading isn't going to reach the next
March 7, 2013
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This week we had two trades.. AUDUSD long and EURJPY long. I'll go through both of these and why I entered.
Firstly AUDUSD
[caption id="attachment_7671" align="alignnone" width="580"] Long AUDUSD[/caption]
I went long here as the market had found a base.. it had retraced after a move up and I thought it would actually move above the previous resistance point at around 10600 and if it did, a huge move above. The following day, the market indeed shot up and if I was cautious and doing my
January 27, 2013
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