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FXjake's Free Pips
- Thread starter FXjake
- Start date
Quote from IluvVol:
hmm, looks like you either got fuxxed by your broker or you actually put your t/p s/l into the system. Looks like you missed the entire Swiss Central Bank Intervention move....;-(
But interesting thread....like it....
IluvVol--
Thanks for the kind words.
I think that 'intervention' was a planned meeting, but regardless it was what was needed to complete the formation. Attached is a chart I sent through to my trading partner 10 hours before Switzerland cut the rate.
Attachments
I have taken a short on the NZD/USD, the NZD/JPY and now the EUR/JPY.
Since the NZD/USD and NZD/JPY trades have already gone into profit many pips, sorry I forgot to post these trades (if anyone is watching). I will simply post the EUR/JPY trade since the price is still hovering around the entry.
Sell EUR/JPY at 131.32
Target 128.90
Stop 134.60
Since the NZD/USD and NZD/JPY trades have already gone into profit many pips, sorry I forgot to post these trades (if anyone is watching). I will simply post the EUR/JPY trade since the price is still hovering around the entry.
Sell EUR/JPY at 131.32
Target 128.90
Stop 134.60
Attachments
how did you come up with your target and stop for EURJPY?
Thanks
Thanks
Quote from FXjake:
I have taken a short on the NZD/USD, the NZD/JPY and now the EUR/JPY.
Since the NZD/USD and NZD/JPY trades have already gone into profit many pips, sorry I forgot to post these trades (if anyone is watching). I will simply post the EUR/JPY trade since the price is still hovering around the entry.
Sell EUR/JPY at 131.32
Target 128.90
Stop 134.60
Quote from IluvVol:
how did you come up with your target and stop for EURJPY?
Thanks
Hi IluvVol. I have to admit that I don't troll through here all of the time so I sometimes won't check back here until there is another trade, sorry about that.
Anyway, I have attached a picture to explain where I "see" the important zones. I hope that is interesting and helpful.
Attachments
thanks, so seems you set your target and stop levels also in regards to support/resistance levels, correct?
Quote from FXjake:
Hi IluvVol. I have to admit that I don't troll through here all of the time so I sometimes won't check back here until there is another trade, sorry about that.
Anyway, I have attached a picture to explain where I "see" the important zones. I hope that is interesting and helpful.
Quote from IluvVol:
thanks, so seems you set your target and stop levels also in regards to support/resistance levels, correct?
Precisely, although I keep an eye on things and if it looks like there may be a significant move against me before the profit target is hit, I will definitely get out, like this double bottom on the eurjpy right now, that is why I got out 80 pips higher than I would have liked on this one.