Short EUR/JPY

Quote from OVVO:

Long 16 lots and counting from 164.594.....:D
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Make sure you have stops! The storm can come anytime, and it would be violent. When asians will show up, sometimes they exit at the same time.

At 5:48PM: I sold even more @ 164.67, and even at 164.59. You may have bought from me. Sorry, you are a friend! I think you will be holding the bag soon.
 
Quote from riskfreetrading:

When asians will show up...
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<Laughing out loud :)

Some nice downward movement here...lets see it through. I still hold my shorts from 163.88 & 164.4 w/SL North of 165.25

Below is the M that Riskfree is referring too...nice drop there :)

<a href="http://s24.photobucket.com/albums/c26/sammybiker/?action=view&current=eupyMcopy.jpg" target="_blank"><img src="http://i24.photobucket.com/albums/c26/sammybiker/eupyMcopy.jpg" border="0" alt="Photobucket"></a>
 
Thank you for the advice, you are aware that the inverse outcome is possible, and in my view probable. This is one of 14 currency pairs I trade simultaneously in my portfolio and far from a substantial position yet. Full positions are typically >50 lots.

:D
 

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Quote from OVVO:

Thank you for the advice, you are aware that the inverse outcome is possible, and in my view probable. This is one of 14 currency pairs I trade simultaneously in my portfolio and far from a substantial position yet. Full positions are typically >50 lots.

:D
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Yes I am aware, and thanks for caring about me. I have my stops placed when I can only win. First stops (on the substantial position are in area of 164.55 below the point where you were buying.
 
Shorts: be careful. There is a bunch of diehard long buying on the half hour chart. They are in area of 164.32 area. They have to be defeated, and if they counter attack, the price may run up to 164.80 area. I placed my stops to protect current gains at the expense to be taken out, with the plan to re-enter.
 
Quote from sam0182:

<Laughing out loud :)

Some nice downward movement here...lets see it through. I still hold my shorts from 163.88 & 164.4 w/SL North of 165.25

Below is the M that Riskfree is referring too...nice drop there :)

<a href="http://s24.photobucket.com/albums/c26/sammybiker/?action=view&current=eupyMcopy.jpg" target="_blank"><img src="http://i24.photobucket.com/albums/c26/sammybiker/eupyMcopy.jpg" border="0" alt="Photobucket"></a>
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Thanks Sam. Nice work! Be careful. This battle is not won yet. The long are still in a mindset that this pair will go to the moon. Maybe asian are still in that mindset, and he wait for americans or europeans to tell them which direction to charge.

I tell them be patriotic, buy the Yen, and short old europe, and thank Sam, me and other friends here to have shown them the way.

Ok, enough of my talk for now. Back to trading!
 
They took me out of my position. I made good money, but now I have to plan a re-entry.

OVVO: could you stop buyin? Don't you understand that this thing has little chance to go beyond the down trend line which now in the 165 area? :D
 
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