Post your live Forex trades here...

xelite777 · May 6, 2014

zbojnik said:
Let's try: SELL - USDJPY @ 101.48 - SL 101.69

Not sure about that one Zbojnik, I do not have any signal on USD/JPY.

xelite777 · May 6, 2014

Don't be fooled by the small moves on the Yen after this important Japanese report/meeting, the REAL move usually comes 15 or 20 minutes later.

Sneaky sneaky...

xelite777 · May 6, 2014

Zbojnik, the Yen (USD/JPY) is forming a triple-bottom formation on the 15-min chart.

Like I said yesterday, this type of formation is usually very hard to break during the Asian session, so it's your call buddy.

Good luck.

lotto · May 6, 2014

xelite777 said:
Bought EUR/JPY at 141.63
30 pip stop.

Let's go.

I'll paper trade along too. How about a short EUR/JPY at 141. 67 with a 13 tick stop and a 26 tick profit target (EUR/JPY is at 141.67 right now).

contra · May 6, 2014

well my guess is we are guaranteed a touch of 141.33 from here... going by xelite's performance thus far.

xelite777 · May 6, 2014

contra said:
well my guess is we are guaranteed a touch of 141.33 from here... going by xelite's performance thus far.

Then bet against me and make a fortune.

xelite777 · May 6, 2014

lotto said:
I'll paper trade along too. How about a short EUR/JPY at 141. 67 with a 13 tick stop and a 26 tick profit target (EUR/JPY is at 141.67 right now).

You are looking for a 2 to 1 risk-reward trade that's a good start, assuming you have a good reason to short the euro yen.

Pretty sure it's going up, let's see...

drownpruf · May 6, 2014

xelite777 said:
Then bet against me and make a fortune.

I feel a bit guilty about your making my week.

xelite777 · May 6, 2014

drownpruf said:
I feel a bit guilty about your making my week.

Nonsense, be my guest and help yourself!

lotto · May 6, 2014

xelite777 said:
start, assuming you have a good reason to short the euro yen.

Pretty sure it's going up, let's see...

I'm not a forex trader by any means - never touch the stuff (this is just a "paper" trade), and I have no "reason" to short it other than the price action as viewed on a fifteen minute chart set up for a probably retrace of the rally from 141.35 - 141.75. If it were TSLA and it were 10:30 AM I'd have taken the same position.