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|This Weeks Trades

jaobedoza Posted 17 Nov  in #Usdjpy #Eurusd #Gbpjpy
I'm still holding my EURUSD long position from last week. Price action tells me that this pair will move up. I took the long position at 1.24896, TP is 200 pips. My SL is already at a +50pips so I dont need to worry about this trade.
I also put short stp orders on USDJPY and GBPJPY because of JPY's relative weakness. We'll see if this weakness continues through the week.
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JPY strength Eurozone/UK weakness

jaobedoza Posted 2 Feb  in #Trader's blog #Eurjpy #Gbpjpy #Chfjpy
The daily charts of CHFJPY, EURJPY, and GBPJPY are behaving similarly. Their prices are now well below SMA 20, which suggests to me that they are now in a down trend. The overall strength of Japanese Yen and the prevailing bad economics in the Eurozone and the UK further support my opinion that these currency pairs will continue to go down.
I am putting stop sell orders at the next 000 levels with 100 PIP stop loss 200 PIP take profit. I believe the TP targets are reasonable
since it’s only the …
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JPY Trades

jaobedoza Posted 9 Gen  in #Trader's blog #Usdjpy #Gbpjpy #Cadjpy
On the beginning of the week the Japanese Yen showedstrength relative to the other major currencies. I put stop orders to sell
GBJPY at 171.165, CADJPY at 98.197, and USDJPY at 104.437. All of these orders were hit. The short position on CADJPY proved to be the
big winner making me 120 pips. GBPJPY and USDJPY were another story. These pairs showed a lot of volatility
swinging back and forth, ultimately they were stopped out. I lost 35 and 30
pips on them respectively. My trades in
the Japane…
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