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At GMT 01:05 Sold 1 lot EURJPY at 131.72; at time of writing, showing a gain of 23 pips. Kenneth
At GMT 04:29 closed my position; made a gain of 31 pips or US$342.77;
When it rebounces, I shall short again. My trading philosophy: whatever I can make, I make it first. Money in the pocket is always better than money in someone else pocket.
Kenneth
Although I will love to short these 2 currency pairs, upon further study of their trading range, I am turning CAUTIOUS as their trading range is only around 50 pips - not wide enough to play around with.
One can easily be stopped out even if I put the SL at 20 pips.
Need to be careful and monitor closely.
Kenneth
I am going for a BUY on GBPJPY for a quick profit, as the price is moving up steadily.
Kenneth
I am going for a BUY on GBPJPY for a quick profit, as the price is moving up steadily. Kenneth
Disappointed that I could make a small gain of 17 pips, though I expected to make 30 pips. When it hit a high of 151.72, it refused to moved then reversed. That is the time to close your trades.
Kenneth
Hi,
Good info.
Do you make these EW using software or by your counting skill?
Thanks.