Monday, May 24, 2010

EUR/JPY trade


EUR/JPY entry long @112.27 for an anticipated extension upwards keep the downside risk relatively
tight for an anticipated extension to the 85 level
though offers are coming in at the 20 ,21 level
 I closed out the trade at a +5 pip ,as my feeling is it wont take much to move price to the down side risk even though we are seeing 33 -35 bids ,I consider this trade a weak long position

Eur trade



Entry @ 1.2469 ...reduce half my position at 1.2429
stop at 10 pips below entry

cable trade

GBP trade ....entry 1.4518  .exit 1.4478 stopped out for loss

recovering

Hi there guys ...I know I have not been on lately or posted trades but unfortunately I was involved in a car accident ...but hopefully I am back in action