1:41PM: took 15 pips on 1/8 of position with the plan to put it back on eventual bounce to 160.50 (but the bounce back may not happen, so I am taking the risk of losing 1/8 of position on move down). Covered the 1/8 at 160.35 area.
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Short EUR/JPY
- Thread starter riskfreetrading
- Start date
1:41PM: took 15 pips on 1/8 of position with the plan to put it back on eventual bounce to 160.50 (but the bounce back may not happen, so I am taking the risk of losing 1/8 of position on move down). Covered the 1/8 at 160.35 area.
2:14PM: reloaded the 1/8 short EUR/JPY @160.51. Getting ready to add another 1/4 short.
After typing the above line, it is moving fast. I did not have time to add my 1/4. I added only 1/8 at 160.45. Next destination may be in area of 160.20 and beyond.
2:39PM: it is not moving as fast I wanted it to be. So, I took off 1/4 from position with an 18 pips gain. Will reload if it has the energy to bounce back up and fail. Recovered the 1/4 in area of 160.32.
After typing the above line, it is moving fast. I did not have time to add my 1/4. I added only 1/8 at 160.45. Next destination may be in area of 160.20 and beyond.
2:39PM: it is not moving as fast I wanted it to be. So, I took off 1/4 from position with an 18 pips gain. Will reload if it has the energy to bounce back up and fail. Recovered the 1/4 in area of 160.32.
3:03PM: re-entered 1/8 short EUR/JPY @ 160.49.
Quote from riskfreetrading:
3:03PM: re-entered 1/8 short EUR/JPY @ 160.49.
3:47PM or so: took 1/8 as gain (+18pips). covered at 160.31.
It seems we are stuck in the mudd for now. Tomorrow announcement should make the markets move. I expect it to move down tomorrow, but I will sell only when I see it moving. It might also move during asian session. Time to take a break. Good luck everybody!
OUT HEDGE LONG from 160.75 at 160.33 -42
Still in Shorts , last ADD 160.40 .
Will HEDGE ABOVE 161.15
Will HEDGE ABOVE 161.15
6:42PM: took off whole short position on EUR/JPY, as I may not be able to follow market during asian session, and also because congestion seems to be taking place.
I did not do the count, but made 26, 17, and 26 and 22 pips on the faction of position I had (some were 1/4 positions and others were 1/8). Will do the count later. Good luck for those of you trading. Was out at around 160.22 area.
I did not do the count, but made 26, 17, and 26 and 22 pips on the faction of position I had (some were 1/4 positions and others were 1/8). Will do the count later. Good luck for those of you trading. Was out at around 160.22 area.
22:30PM: 1/8 of position size in; Short EUR/JPY @ 160.55.
10:53PM: a second 1/8 is added @ 160.64.
10:53PM: a second 1/8 is added @ 160.64.
12:45AM: sold 3rd 1/8 of position size EUR/JPY @ 160.69.
SHORT EUR/JPY 160.75
1:15:41 EST
1:15:41 EST