Short EUR/JPY

riskfreetrading · May 20, 2008

Quote from riskfreetrading:

11:23AM: Short 1/8 of intended size EUR/JPY @ 162.43.

4:50PM: took 22 pips on the above. Closed at 162.21.

riskfreetrading · May 20, 2008

Quote from riskfreetrading:

11:01AM: this may not be a good entry since I do not want to miss anydown move without me being in I entered this:

Short 1/8 of intended size EUR/JPY @ 162.38.

I would love it if it goes to 162.80 to 163.00 area as that would be a good entry for me.

closed with 17 pips.

riskfreetrading · May 20, 2008

Quote from CurrenstocTM:

No corelations with DJ for yen crosses today.
Looks like DJ find support near 12800.
200MA H1 and 23.6% fibo from the lows H4.

Imo the Japanese will buy yens later...

be careful at least from now (5

m) to 6:30Pm. She may race to 162.85 area where sellers could be found. I have seller orders there.

CurrenstocTM · May 20, 2008

ok, thanks .
i will add at 162.70

riskfreetrading · May 20, 2008

Quote from CurrenstocTM:

ok, thanks .
i will add at 162.70

danger time has passed. Now do what you think is right. I have not studied it yet, but the fact it did not react up sharply is a sign of weakness, but never assume anything.

riskfreetrading · May 20, 2008

I just checked chart. Biais is down. Lookforward to 162.00.

riskfreetrading · May 20, 2008

6;53PM: shorted 1/8 at 162.20. But be on guard as it depend on the the 162.15 and whether and how it breaks it.

riskfreetrading · May 20, 2008

Quote from riskfreetrading:

6;53PM: shorted 1/8 at 162.20. But be on guard as it depend on the the 162.15 and whether and how it breaks it.

7:ishPM: Not moving as I please. so took this off for +7 pips profit.

riskfreetrading · May 20, 2008

I just analyzed the 1/2 hour charts of EUR/USD and USD/JPY. It tells me that we might have a big sell off on EUR/JPY. Yet the break of 162.15 was not fast.

Maybe I have to wait the asians to wake up, and show their crowd behavior. If true we might have a big sell off. We will see.

riskfreetrading · May 20, 2008

I re-entered at 162.08. If there is a break, it should go to 161.50 before midnight tonight. I do not want to miss. But on the other hand be carefull if it is setup. It is at a hanging point, and might even stay where it is. It is a hard call. Join the sell off if it happens.