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Short EUR/JPY
- Thread starter riskfreetrading
- Start date
2:54PM: sold 2nd 1/8 of intended size of short EUR/JPY @ 161.50.
Add short Eur/Jpy 161.50 (02:53 PM EDT)
close part eur/jpy 161.40 (03:01PM) +10
3:52PM: sold 1/8 covered earlier (2nd 1/8 of intended size of short EUR/JPY) @ 161.48
short also at 161.44
Quote from riskfreetrading:
Spersky: Sorry that I did not get back to you earlier. I did not log to this area. Here are my answers:
1. I use tools and a procedure/method I developed. It is proprietary. What do you think of it if I may ask? How about your trading methods. Feel free to PM me.
2. I think that what you suggested to Curren* is solid advice. Catching falling knifes is a tough game, but if he is sure that it is ok with him it is his money.
3: Curren*: best wishes my friend (in the positive sense). Just make sure you make money. If you do, kudos to you. It is not easy (at least for me) to make money long in what appears to be a selloff like this one.
I did not even have a chance to go back on the short side at a good entry point. I am flat now, and kicking my back for having taken profits.
Your results are very good. How long did it take for you to develop your system? I am still working on a good system. Mainly I use MACD Divergence and EMA in order to enter the trade with a good Risk/Reward. In addition, I like to trade with an established trend pullbacks.