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FXEZ replied May 8, 2008I think it takes a while to figure out where in the FX or trading world you can excel as a new trader. I know it has taken me a long time to figure out where I don't excel. And that process was an ego bruising one. But past defeats aside, once you ...
I hate forex - the truth about gains in Forex
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FXEZ replied Sep 6, 2007Ishak - Yeah not my finest hour. I'm seeing some historical tendencies surrounding the ECB interest rate statement and the Thursday before NFP that indicate down but the trigger fall time is the US open 9:30 AM, so do the smart thing and position on ...
FXEZ's E/J Gravy Train
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FXEZ replied Sep 5, 2007Added 2 more positions - avg price is now 157.369. It's either going to be a very short ride due to the topheaviness of my position or a nice one if U/J breaks up. E/J looks primed for a rocket ride.
FXEZ's E/J Gravy Train
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FXEZ replied Sep 5, 2007Nice going Ishak - wish I had enough patience to bag more pips on the way down. Keep up the good work.
FXEZ's E/J Gravy Train
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FXEZ replied Sep 5, 2007Playing 3:00 AM move to upside - no confirmation yet but U/J looks bullish. 2 positions avg price 157.255 long.
FXEZ's E/J Gravy Train
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FXEZ replied Sep 4, 2007Was able to catch several scalps to the downside on the previous overnight session. The day session caught a couple of positions in the hole but I was able to increase my spacing on the first add from 50 to 75 and ended up with 5 positions with room ...
FXEZ's E/J Gravy Train
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FXEZ replied Sep 4, 2007Looks like I can officially call the weekly bias down on EJ, so looking to scale em in that direction on pullups.
FXEZ's E/J Gravy Train
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FXEZ replied Sep 3, 2007Weekly direction seems still unclear, given the lax holiday movement. Price didn't push up quite enough over the weekly close to indicate an up market, and currently is straddling the weekly close. I'm going to wait to see which way it breaks before ...
FXEZ's E/J Gravy Train
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FXEZ replied Aug 31, 2007Sad but true. You should have blown the whistle for me or something! I did catch a couple of micro shorts but didn't hold for the plunge. I had 40 pips on that filled errant long too LOL. Was able to get out +5 after adding 3 more scales (down ...
FXEZ's E/J Gravy Train
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FXEZ replied Aug 31, 2007Resting buy order hit at 158.19. Forgot to cancel. Tide also seems to be turning back up. Might let it ride to see where it goes.
FXEZ's E/J Gravy Train
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FXEZ replied Aug 31, 2007Looks like the objective was reached at 159.6. I'm no longer adding to longs at these levels and am looking to scale into shorts on rallies below that level.
FXEZ's E/J Gravy Train
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FXEZ replied Aug 30, 2007Yes I identify the weekly trend using daily and weekly charts, and attempt to scale in (on pullbacks) in that direction. I bank profits when new highs in an uptrend are reached or new lows in a downtrend are reached, and bail out when I identify a ...
FXEZ's E/J Gravy Train
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FXEZ replied Aug 30, 2007I'm kicking myself for exiting too early (twice), when the average position peaked above B/E. So rather than sitting on a nice open (100+pip) gain with a good sized position, I'm flat and just slightly ahead for my troubles. I'll blame it on lack of ...
FXEZ's E/J Gravy Train
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FXEZ replied Aug 30, 2007Anybody else trading EUR/JPY? If so, which way are you looking?
FXEZ's E/J Gravy Train
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FXEZ replied Aug 30, 2007Currently holding 5 lots long at an average price of 157.329. Looks like it's basing on support. Could get interesting with 8:30 news around the corner.
FXEZ's E/J Gravy Train
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FXEZ replied Aug 30, 2007Hey Kharvell, nice to see you here in the thread. Welcome! Looks like there's just enough room to squeeze you in. I'm also exclusively trading EJ. E/J seems to be building a base. It looks like a wedge anyway, depending on which way it breaks. On ...
FXEZ's E/J Gravy Train
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FXEZ replied Aug 30, 2007My current outlook is the trend is up and this overnight session's down move is providing an opportunity to scale in long. I'm currently long 7 positions which are down about 30 pips as I type this, and patiently waiting for the move to the upside ...
FXEZ's E/J Gravy Train
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FXEZ's E/J Gravy Train
Started Aug 30, 2007|Trading Journals|26 replies
I'd like to use this space to post a few observations on how I approach the EUR/JPY pair. I ...