June 6, 2009 2:29 pm (Manila)
While I was sound asleep last night, US Non-Farm Payrolls surprised the market - coming out significantly less negative than expected.
As a result, the dollar rallied across the board, including against the Yen.
1st Limits of my three sets were all ht last night @ +227, +211 and +174 (+348 for 2 lots of third set), respectively.
All in all, the first halves gave me a total of +786 pips. What a wonderful way to end the week!
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June 5, 2009 6:00 pm (Manila)
This trade i doing pretty well and I am convinced of continued upward movement ahead of the US Non-Farm Payrolls announcement.
I sent in a third set of LONGs. This is even bigger than the first two as each halves contain 2 lots each.
Details as follows:
BUY USD/JPY @ 96.76
STOP - 93.00
Limit 1 - 98.50 (+174)
Limit 2 - 101.00 (+424)
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June 5, 2009 3:30 pm (Manila)
Three days into this long-term trade and it finally broke through into positive territory, currently up +50 pips.
Yesterday, I reigned-in another set of LONGs for this pair and that set is currently doing +20 pips.
Details of 2nd set:
BUY USD/JPY @ 96.39
STOP - 93.00
Limit 1 - 98.50 (+211)
Limit 2 - 101.00 (+461)
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June 2, 2009 3:11 pm (Manila)
BUY USD/JPY @ 96.23
STOP - 93.00
Limit 1 - 98.50 (+227)
Limit 2 - 101.00 (+477)
A flurry of good economic news coming out of Japan. With this, investors should seek better yields from other, higher-yielding, riskier assets (such as currencies with higher interest rates).
The pair bounced on the weeky chart which gave me the signal to entr into this long-term trade.
Proud and Hoping
14 years ago
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