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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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CAD Trades

jaobedoza Posted 13 Jan.  in #Trader's blog #Usdcad #Gbpcad
Towards the end of the week the Canadian dollar’s weaknessbecame apparent. Maybe this has
something to do with the bad economic news in Canada. I decided to buy USDCAD
at 1.07818 and GBPCAD at 1.78107 hoping to make a few quick pips. Sure enough, these positions were winners. I made 19 and 15 pips on USDCAD and GBPCAD
respectively. The loonie’s weakness this
week was also confirmed by my winning CADJPY short position. My loonie trades were 100% accurate giving me an additional34 pips. Combi…
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JPY Trades

jaobedoza Posted 9 Jan.  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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