More Articles

GBPJPY short term short – scalp

GBPJPY short term short - scalp

I saw a shorting opportunity today when the GBPJPY had fallen and rebounded... I shorted on the rebound and it fell 70 points... hoorah! I got in at 158.66 and got out at 157.96.. all in a matter of 15 minutes or so. I don't want to speak to soon but lately my trading has been going quite well, I am far more picky with my trades and very careful when putting them on. The initial trade was with a 50 point stop and 100 point target.. however, in the market you need to be flexible where you c

October 29, 2008 No Comments Full Story

The right thing to do.. USD/JPY

The right thing to do.. USD/JPY

It seems like I did the right thing when I close my trade previously.. the market has dropped like a stone.. it's a shame I didn't enter the short as it would have been a nice trade!

October 27, 2008 No Comments Full Story

USDJPY Forex trade

USDJPY Forex trade

I bought the USD/JPY pair at 93.75 as it broke the bearish 5 minute pattern. I had initially put on a 100 pip target with a 50 pip stop. The market hit a short term peak of 94.15 and then headed lower.. I waited to see if it would go up against it again and yes, it did and start it fall away from it.. hmm, I could take my profit or wait to see what would happen. Looking at the 4 hour chart, the chart looks like it may go lower so I took my profit at 94.10 for 35 profit.

October 27, 2008 No Comments Full Story

« Older Entries   Newer Entries »