Open trading account 
I had a good day yesterday. My account balance got pumped up by about 10% and again I'm one of the top leaders in the Trader's Contest which makes me happy. I opened(and closed) a lot of trades. Most of them were going long with the US dollar but the most profitable turned out to be shorting Japanese yen which hit tough support against euro, the pound and the US dollar. These positions just jumped suddenly up, most likely on a combination of profit taking before FOMC minutes and also because the…
JonSnow's Blog
The Final Day of Trader Contest
Surprisingly, I'm in the top 20 contestants in the Trader Contest which is great. Of cause anything can still happen and change but I'm somewhat happy with my overall performance this month. This is the first time since January that I didn't blow my account. I wish I didn't do so many mistakes after the first week when I accumulated a high equity. Certainly, it was another great learning experience.
I'm also quite high in Daily Stock Option Contest. This happen without much effort as I have an …
I'm also quite high in Daily Stock Option Contest. This happen without much effort as I have an …
EUR\JPY
One more time I traded the new and I got burned!
Right after the results of the Greek referendum I opened a short EUR\JPY position and before I even realized SL was hit and my trade was closed! It lasted only several minutes. And once again I underestimated the market. I do think that the pair will soon be back at 134.00 level and even below where my unfortunate started.
I blame it all on the CNN coverage of the referendum! lol
Right after the results of the Greek referendum I opened a short EUR\JPY position and before I even realized SL was hit and my trade was closed! It lasted only several minutes. And once again I underestimated the market. I do think that the pair will soon be back at 134.00 level and even below where my unfortunate started.
I blame it all on the CNN coverage of the referendum! lol
Short on USD\JPY
Yesterday, I decided to enter a short position on USD\JPY, even though it seems that everyone expects it to go up. But it looks like dollar is posing its latest rally.
On the 4 hour chart we can see a head and shoulders pattern developing while the daily chart clearly shows a reversal. The nearest resistance is 123.50 but I think it might go down to 121.50 level.
On the 4 hour chart we can see a head and shoulders pattern developing while the daily chart clearly shows a reversal. The nearest resistance is 123.50 but I think it might go down to 121.50 level.