Saturday, July 19, 2008

New Trades - EUR/JPY and AUD/JPY

Two yen trades? Well, I guess two will be my limit for a currency. Stop losses have been set for about 50 pips for AUD/JPY and about 60 pips for EUR/JPY (spreads are higher for OANDA over the weekends)... Exact details of the trade after the pictures below:



EUR/JPY short at 169.44 SL at 170.05 (-61 pips). Target is at about 167.00 (about 240 pips).

AUD/JPY short at 103.69 SL at 104.23 (-53 pips). Target is at about 101.69 (about 200 pips).

Will move SL to break even manually as usual. Might be a better idea to enter the trade once the weekend is over, hoping no sudden price jumps against yourself.

And Darrell, thanks for the encouraging words.. Lets see how much more I can run with this.... :D

Cheers!

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