Week of Feb 21 - Feb 26

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Week of Feb 21 - Feb 26

Post  Levaz on Sun Feb 21, 2010 7:32 pm

GBPJPY long at 140.35 SL 139.00 TP 145.00
Use a 100 pips trailing stop.

This is generally a very volatile pair, so please use any Yen crosses with utmost care.
100 pips is not really much as far as this yen cross is concerned.

EDIT Feb 22, 2010 at 1200 EST
Revise the entry to 140.00, SL 138.00, and TP remain the same.

EDIT: Feb 22, 2010 at 1445 EST
In case the pair does not go down to our preferred entry point, you may enter between 141.00 - 141.25. The Sl, TS and TP setting do not change.


Last edited by Levaz on Tue Feb 23, 2010 11:34 am; edited 3 times in total
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Re: Week of Feb 21 - Feb 26

Post  Levaz on Mon Feb 22, 2010 10:34 am

EURCHF long at 1.4645 or lower (if possible)
SL 1.4630 (does not change even if you get in lower)
TP - 10 - 20 pips or 1.4681 (for those whoa re patient.

this trade should keep repeating itself several times over.
Basically, we buy at the lows with a very tight Stop loss, just in case.
And our Take Profit is well within the daily trading range.

Keep repeating this trade as long as the Stop loss is not hit.

For the adventurous, the market is pushing the pair lower due to Euro-zone concerns.
So you may want to short the pair at the highs and get out at the lows.

Levaz
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Re: Week of Feb 21 - Feb 26

Post  Levaz on Tue Feb 23, 2010 11:30 am

EURJPY long at 122.25 SL 120.25 TP 125.00
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Re: Week of Feb 21 - Feb 26

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