My real time forex trades

I am tempted to short eur/jpy here at 160.75, but something is telling me not to.
Market hasn't run out of suckers yet, some people are buying even at this levels :eek: :eek:
 
Quote from stevegee58:

What fundamentals drive USD/NOK? It seems like a strange (though interesting) currency pair.
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Here is my take:

Nok positives:
- Norway exports oil, see how it goes up against all currencies when oil looks bulish, almost same as CAD.

- Norway has one of the most fiscally responsible governments in the world. Their reserves are huge, somewhere around 250 billion dollars, therefore every citizen of Norway has savings in the range of minimum 50K, and I mean everyone including newborn child and somebody who died today.

Negatives (in terms of forex trading only):
- Very small country of less than 5 million people
- Insignificant currency in terms of world economy, so when dollar positive trend develops even in small time frames, nok tends to crash few thousand pips very quickly.

Hope this helps
 
Quote from TMcKenna:

Long usd/jpy 118.65, target above 119.00
stop 118.00

Long eur/usd 1.3618, target 1.3700
stop 1.3570
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Eur/usd trade stopped out for -48 pips loss
Closed usd/jpy long at 118.66 for +1 pip profit

It didn't work
 
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