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Go back and demo trade. Otherwise, 2k loss is a pretty easy lesson.

I traded it once via spot fx (oanda) and got lucky with a quick move in my favor. interest will hurt and a move against you will hurt even more. Be careful :)

Good work & effort, regardless of the result. Will be reading!

Good work on the gains, thanks for updating.

Closed earlier this evening for +102pips. The resistance at 1.965 was holding and it just didn't seem to be working out. Looks like this thing will have to sail further towards the support mentioned earlier (1.945 range) and with the help of poor US retail sales tomorrow, maybe we can get on...

First limit long was triggered on the dip just below 1.95 early this morning, I assume because of the GBP trade news release? +100 pips on it now, shooting for +1.97, S/L moved up to +50pips (around 1.956ish) as I don't have access to my broker during the day.

I'm starting to like this setup for a range trade. Daily support at 1.95 or a little below (rising trendline). Hard support on 1.945 & 1.94. A break and hold below would signal a fallout to the downside. Upper resistance at 1.975 (falling trendline). Harder resistance on 1.98 &...

Haha, 50/50? No clue...some sites/analysts are calling for this thing to bump back up to 2.0+ I can only trade the charts and what I see.

Bump - any thoughts on this one? I see the run up to 1.985 to form a nice little top. A break of that looks like a nice run as would a bounce off and run lower. Opinions?

Sure, sounds good. I'm not a fan of calling tops/bottoms unless there is a support/resistance close by and I just don't see any of that with E/J right now. It will be interesting to see what happens next week.

Bump, did you play any action last night RFT? There was a nice steady uptrend on the 15 minute that I longed a couple of times. Was stopped out on earlier shorts yesterday, trying to break even :) Otherwise, I don't like where this thing is going, now that it's North of 165.

Well, there goes that. Nice break of 165...maybe wait for a pullback and go long. Curious to see what happens when the US session wraps up here in 15 minutes. Next resistance I see is at 166 & 166.5ish.

You cash those shorts out RFT or hanging in there for a larger move? Knowing what I do of your trading, you cashed them out long ago and re-entered short over the last 30 minutes...am I right!? :D I'm watching...patiently. No broker access.

This isn't a journal, it's an open discussion thread regarding (shorts on) E/J. Personally, I assume that any trade calls that aren't followed up were closed at B/E or at a loss. But it's really none of my business, at least in this thread (again, not a journal). I'm here for the...

RFT, looks like you caught a really nice entry on that short. That thing ran up really far, really fast and could be ready for some good downside action...that or further run-up to 165 and then reverse. This run looks to be all news derived with the rate hold, yes? Combined with a little...

And this is the run up I was hoping for...but the thing needs to reverse soon as it will be punching through my downward trendline. I wouldn't mind a reverse at 164.5 or 165 on the daily to make for a nice double top short play.

Well, that was a big move upwards. I'm staying out for right now. I did have a USD/JPY short in place since the afternoon, playing the 105.6ish resist but was stopped out on the break of that within the last couple of hours. I'll keep watching...looks like it just peaked over 106. Lets see...

Good deal. I'm just watching from the sidelines right now...was a little worried about 162.5 holding up but looks as it just fell through. Are you concerned with the lack of lower lows? It seems the bottom of the last dip was 162.3...it it continues to rising, you're looking at a narrow...

Nice work on that short! I can clearly see that 162.56 resist. Question - when you base your trades around a resist line like that, how far past that do you place your stops? 5-8pips? *And nope, I didn't flip it...should have but was just at the station for a minute to close the long...

Out for +46pips...looks like that resist line still wants to hold. <a href="http://s24.photobucket.com/albums/c26/sammybiker/?action=view&current=eupy.jpg" target="_blank"><img src="http://i24.photobucket.com/albums/c26/sammybiker/eupy.jpg" border="0" alt="Photobucket"></a>