EUR/JPY trade – May 25-26 2010

On May 26, 2010, in Featured, by admin

The trade in detail:

1) Trend lines drawn on the 1 Hr chart.  The Euro is on a slide and the trend is down.  We are waiting for a retrace and resume our shorts.

May25 eurjpy60m 300x198 EUR/JPY trade   May 25 26 2010


2) I went short in the area of 110.50 (15m TL) and added allot more at 111.60 (1hr TL)

May25 eurjpy 300x198 EUR/JPY trade   May 25 26 2010


3) She started to fall and retraced. I kept positions open as we are still under the 1hr TL

May25 eurjpy3 300x198 EUR/JPY trade   May 25 26 2010

4) And she falls….  Closed all my positions at BE for the 110.50 positions and collected 100+ pips on the 111.60 positions entered at 111.60.  Locked in a $3,000 profit in less than 24 hours

May25 eurjpy5 300x198 EUR/JPY trade   May 25 26 2010

Tagged with: