October 247 -29 2010
October 247 -29 2010
We are still in trade.EURJPY short 112.83 SL at 114.00 TP 110.70
As sustained break above 113.76 may cause our stop to be hit. That is the critical level for our trade.
Let us see how it pans out.
Levaz
PS - I know I am "cheating", but I have move my Stop to 116.00 just to give the trade room, in case a double top needs to be formed before it comes down again. Too many of my trades get stopped out due to the smaller stops only to go 300 - 400 or more pips in the direction of my trade.
Please do not change your SL now as it may cost too much, but i will try and use large Stops in my future trades.
Levaz- Posts : 498
Join date : 2010-02-19
Age : 54
Location : Toronto
Re: October 247 -29 2010
Trade is still open. The pair came as high as 1 pips over our critical level of 113.76 but did not stay there for long. Having bounced off that level, and we now have all three indicators showing a potential for downside, we now wait for our TP.EURJPY short 112.83 SL at 114.00 TP 110.70
Levaz
Levaz- Posts : 498
Join date : 2010-02-19
Age : 54
Location : Toronto
Re: October 247 -29 2010
Still holding on to the trade. The down move is painfully slow specifically due to recovery of both GBP and USD against the JPY.EURJPY short 112.83 SL at 114.00 TP 110.70
Let us try to take advantage of the Euro weakness.
EURGBP short at 0.8820 SL 0.8860 TP 0.8600
Levaz
Levaz- Posts : 498
Join date : 2010-02-19
Age : 54
Location : Toronto
Re: October 247 -29 2010
Still waiting for a down move - there is a chance it may bounce back up yet again.EURJPY short 112.83 SL at 114.00 TP 110.70
Order did not get picked up. We will revise it as under:EURGBP short at 0.8820 SL 0.8860 TP 0.8600
EURGBP 0.8794 SL 0.8860 TP 0.8600
Aggressive traders can try to enter at 0.8750. SL and TP remains the same.
Levaz
Levaz- Posts : 498
Join date : 2010-02-19
Age : 54
Location : Toronto
Re: October 247 -29 2010
This may yet go up before it goes down. Stick to the original SL. As mentioned before, my SL is at 116.00 - Please DO NOT do that, because, if I am wrong, you will lose too much.EURJPY short 112.83 SL at 114.00 TP 110.70
Aggressive trades were picked up, move your SL to break even or protect 10 pips. This may get ugly depending on EURUSD and EURJPY which are both very choppy right now.EURGBP 0.8794 SL 0.8860 TP 0.8600 Aggressive traders can try to enter at 0.8750.
Levaz
Levaz- Posts : 498
Join date : 2010-02-19
Age : 54
Location : Toronto
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