I have a pivot at 135.80, EJ is bouncing it.
Ivan's Trade Thread, part II
- Thread starter Ivanovich
- Start date
Long EURJPY at 135.84,
Had a 30 pip target, took 29.
Had a 30 pip target, took 29.
Seems the 135.80 was a good pivot level... 
Closed 4 trades now...
+55, +50, +40 and +25 pips ... they were all in the red earlier - all closed around 136.40 .
That is how stubborn I was about this one - and the EURUSD kept me a believer. It stayed pretty good all through this - so it was "obvious" to me that it would bounce - so I just ran a few trades to try and catch this thing - all with -25 stops except the one with 134.90 for a longer term - which gave +25 only. I had to adjust one stop only - from 135.60 to 135.50, and that was good. Risky and lucky... The pain would have been considerable if it had continued to buy into the JPY.
20:34 CET seems like EURJPY might go higher - but I am glad I just reduced risk and took profits.
Seems like EURUSD is bolstered from the USDJPY tanking somewhat - and the US beige book.
Closed 4 trades now...
+55, +50, +40 and +25 pips ... they were all in the red earlier - all closed around 136.40 .
That is how stubborn I was about this one - and the EURUSD kept me a believer. It stayed pretty good all through this - so it was "obvious" to me that it would bounce - so I just ran a few trades to try and catch this thing - all with -25 stops except the one with 134.90 for a longer term - which gave +25 only. I had to adjust one stop only - from 135.60 to 135.50, and that was good. Risky and lucky... The pain would have been considerable if it had continued to buy into the JPY.
20:34 CET seems like EURJPY might go higher - but I am glad I just reduced risk and took profits.
Seems like EURUSD is bolstered from the USDJPY tanking somewhat - and the US beige book.
Would you stick your hand in boiling water, knowing it would eventually grow cool?
I just made that up!!
I just made that up!!
Quote from Gringinho:
Seems the 135.80 was a good pivot level...
Closed 4 trades now...
+55, +50, +40 and +25 pips ... they were all in the red earlier - all closed around 136.40 .
That is how stubborn I was about this one - and the EURUSD kept me a believer. It stayed pretty good all through this - so it was "obvious" to me that it would bounce - so I just ran a few trades to try and catch this thing - all with -25 stops except the one with 134.90 for a longer term - which gave +25 only. I had to adjust one stop only - from 135.60 to 135.50, and that was good. Risky and lucky... The pain would have been considerable if it had continued to buy into the JPY.
Good trades! GG.
Now that we are into the closing 90 minutes of US RTH -- and there might be more flight from USD, or at least some stronger moves. Given the beige book gloomy outlook it seems that less volatility will be the norm throughout the close - more short term trending.
Those 4 trades gave a total of â¬+12,200 - pretty ok, given the risky outlook of the trades.
20:42:30 CET Wow, volatility is there after all ... but I think it's struggling for direction now.
EURJPY should be able to top 137 again - and if it's soon - then it's very good for more topside.
Those 4 trades gave a total of â¬+12,200 - pretty ok, given the risky outlook of the trades.
20:42:30 CET Wow, volatility is there after all ... but I think it's struggling for direction now.
EURJPY should be able to top 137 again - and if it's soon - then it's very good for more topside.
Up $0.64 for the day. Still trading 100 units.
Good trades Gringinho.
Off to work.
David
Good trades Gringinho.
Off to work.
David
Wow,
that is some carnage the JPY has done when coming back here... and the USD has been helping too.
All that repatriations and settlements that are setting in... seems commentators agree too.
Time to take a look at some trades again - especially on EURJPY. Targeting 136 from below 134, but it looks very slow right now so it has to be overnight.
that is some carnage the JPY has done when coming back here... and the USD has been helping too.
All that repatriations and settlements that are setting in... seems commentators agree too.
Time to take a look at some trades again - especially on EURJPY. Targeting 136 from below 134, but it looks very slow right now so it has to be overnight.