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Short EUR/JPY
- Thread starter riskfreetrading
- Start date
Quote from sam0182:
Ah, I was just about to ask if you had shorted again at the resistance run this morning. What's your ideal T/P and do you have any opinion on the longer term moves for this pair?
I do not have any opinion at all. I just look at the chart, and time an entry in whatever direction I think the most gains are likely to come. Then I take some profits if movement seems to halt or if it is warranted from money management stand point. That is assuming I am in front of a computer. Sometimes I miss good entries, and exits (for good and bad).
Addendum: just to give an example. It is now 1.59PM. I am looking at EUR/USD. It goes to 1.5860 and fails, I will short it. But I may not wait for it to get there and fail, if this takes time. If this takes place, I am looking for 40 pips on a visit down to 1.5820 area.