Category Archives: European Crosses

EUR/GBP, EUR/JPY, EUR/CHF, GBP/JPY, GBP/CHF, CHF/JPY, etc.

Paper trade: Closed EUR/JPY @ 135.00 (+500.1 pips)

By Paul | Published: October 16, 2009
I closed my successful EUR/JPY long just before the weekend with a tight stop.  Notice from Figure 1 that EUR/JPY is now in overbought territory.  In addition, a negative divergence is developing on the RSI from the recent 2 peaks also at 135.00. The best thing about this trade was my entry.  However, I certainly [...]
Also posted in Self Assessment | Tagged EUR, exit, good trade, JPY, paper trade | Leave a comment

Missed opportunity review: GBP/JPY spiked 500 pips in 24 hours

By Paul | Published: October 15, 2009
It looks as though my analysis for GBP/JPY making a reversal was correct.  However, my short term entry needed to be improved for me to profit on my intermediate term analysis.  In particular, I should have looked at a major short term resistance line instead of an arbitrary weak resisitance line as I did when [...]
Also posted in Self Assessment, Trading Signal | Tagged GBP, hindsight, JPY | Leave a comment

Paper trade: Stopped out GBP/JPY @ 141.70 (-116.10 pips)

By Paul | Published: October 12, 2009
Just got back from a long weekend and found that my GBP/JPY long is stopped out for a loss of -$40.63.  It looks like the resistance is holding up from the looks of Figure 1.  This setup is toasted for now.  GBP/JPY 140.00 – 143.00 is the range for the time being.  However, I still [...]
Posted in European Crosses | Tagged exit, GBP, JPY, long, paper trade | Leave a comment

Paper trade: 50% long GBP/JPY in @ 142.861, stop 141.16

By Paul | Published: October 9, 2009
The strength in my EUR/JPY long gave me confidence in entering this GBP/JPY long trade.  I entered on market at 142.861 last night with a 50% position size.  The 141.00 support seems to be holding so far, see Fig. 1.  Also the RSI have been way oversold (best in my basket of pairs) and it [...]
Posted in European Crosses | Tagged entry, GBP, JPY, long, paper trade | Leave a comment

Paper trade: EUR/JPY long 100% @ 129.99, stop 128.80

By Paul | Published: October 7, 2009
I placed this EUR/JPY long order a couple of days ago.  It just got triggered overnight in the Pacific market hours.  See Figure 1 for my entry chart.  Note the following reasons for long EUR/JPY:   Click here to continue reading... (191 words) Support trendline coincide with round number 130.00 RSI in oversold territory and moved [...]
Posted in European Crosses | Tagged entry, EUR, exit, JPY, long, paper trade | Leave a comment