Short EUR/JPY

[riskfreetrading]

Quote from riskfreetrading:

12:40AM: 1/4 of position in (short EUR/JPY). Entry at 160.51

7:17AM: just took that 1/4 off for a 90 pips gain. The trend seem to be down, but I took it as I may not be able to follow it over the next few hours. Still have a non-closed 1/4 short from yesterday opened at 160.46. Let us see how far this remaining short can go.

 

[TRAS]

The area to watch is the 159.06 on the EurJPY. This where you will see a bounce.

Yes, your right there was a serious volume flow in this area yesterday! 159.85

 

[TRAS]

On the E/J and the SP. This is a beginning point of a new wave or cont. of the present wave!

 

[TRAS]

I counted 5 wave down and had to see how volume reacted to this point.

 

[TRAS]

you got your answer

 

[TRAS]

entered 159.921
target 159.16
30 pip stop and closing gap after the first 10 pip gain

 

[TRAS]

One of the best time to get hammered is right before open. The trade are shoring up there trade before open, so it is good to put in a close stop due to Ny open about 9:10 it starts heating up!

If you have a nice profit hang in there if not stay off to the side.

 

[TRAS]

Watch is in a buy mode right now

 

[riskfreetrading]

12:28PM: Just shorted 1/4 position size of EUR/JPY @ 160.37.

12:50PM: Just shorted another 1/4 position size of EUR/JPY @ 160.50.

 

[riskfreetrading]

Quote from riskfreetrading:

12:28PM: Just shorted 1/4 position size of EUR/JPY @ 160.37.

12:50PM: Just shorted another 1/4 position size of EUR/JPY @ 160.50.

1:08PM: took off the latter 1/4 for a 14 pips gain. Plan to re-enter on retest of high and fail (I hope it goes go back up).

1:13PM: re-entered the 1/4 short EUR/JPY at 160.51.