My JPY Trade

Im still in the USDJPY trade. Up a lil over 160 pips so far. My targets of 96.00 and 96.60 have been hit. I am waiting to see t 97.26 to be hit. It will either break that area or bounce off of it. It has bounce twice off that area already, so we shall see what happens.

How do I feel about my position? Well I have been taking profits every 50 pips or so. I moved into the world by one pip and it came within 5 pips from stopping me out before taking off, so I am a happy camper. You get very tired of the banks coming and taking you our by a pip or two, then taking off for the big move you where waiting for.

When we get to 97.26 area I will probably take more $$$$ off the table and leave one last entry in. At that point it will be a true "I don't care trade."

Im not looking at getting it to anything this week since its a holiday and we have non farm. I will just keep riding the USDJPY as long as I can.

I will be looking for BUYS next week on the EURGBP. Haven't traded that in awhile so should be fun.

Trading the USDJPY this week

So its Sunday night and I am in the UsdJpy with a scout trade. My first target is 96.00, for obvious reasons. Then after that I want to stay in it to 96.60 then 97.20. Long range to 98.10.

I also at some point want to get into the GBPUSD for sells at some point. Ill be looking for a possibly entry, but we have the day failing on us, so i may just wait for a fresh day cross.

Stupid move turns into $$$

So I got stopped out of the CHF with 69 pips. Then I accidently closed my Eur trade w 160 pips. I did not want to close my Eur, but owell.

I am currently in the Gbpusd on a sell with three entries: 1.6586, 1.6543 and another at 1.6524. If we can break the day trendwall, we should see a good drop to 1.6153 then possibly 1.5960 area. We should then see a pull back once it hits 1.5960.

I really hope the Gbpusd can get there, I've gotten used to over 150 pip runs so I want to keep my record going. The Eur needs to break below 1.4004 for us to see a drop on the Gbp.

Ill keep you posted.

Great Day Trading

So me and a few other traders got in the Eur and Chf last night and got paid out BIG TIME!!!

I am still in a buy on the Eur and am up over 220 pips right now. I have a target of 1.4310. Once it passes that, which I think it will because it has bounced off that area a few times now. So i think the next time we get up there, we are going threw it. My next target is 1.5304.

I am also still in the sell on the Chf and up over 200 pips on that. I have a target of 1.0526, then 1.0368. we may get a bounce off that level if it doesn't break threw it.

So what did I do today? I increased my account 10% only risking a little over 2%. 1% risk on Eur and 1% risk on Chf. So for those that think they have to risk more than 3% to make a living trading forex, guess what? You don't. Be selective and patient and the trades will come to you.

Happy trading, I know I am. (At least for today)

Been traveling.

Summer vacation has started and I have been traveling like crazy. The good news is I have been able to catch some pretty big moves. The begin of the month I think I took 200+ pips on the Eur. Lat week I was able to take over 400 pips on the Eur again.

I am currently in the Eur on a buy and the GBP for a buy also. Im up over 150 pips on the Eur coming into this weekend. I hope they both keep climbing. Still looking for upper targets on both of them, but for the time being I will be looking for bull entries on both of those pairs.