EURJPY looked overbought based on RSI. Selling EURJPY at 130 and closed at 129.73. A gain of +27 pips for a holding period of one and half hours.
Market didn’t go as I expected today. Short USDJPY at 110.20 and thought it would have broken the support line at 109.90 (but it didn’t). It bounced right back up and I had closed the…Continue Reading
It has been a long day with USDJPY in term of holding period (hours). Shorted USDJPY at 109.88 around 10 am. The pair bounced up and down, finally decided to close with a modest gain…Continue Reading
When it comes to investing/trading, the long term prices are usually driven by the fundamentals of the underlying assets whilst the short term prices are often determined by the noises, and temporary supply and demand…Continue Reading
For those who are interested in trading, this is a good chance to open a demo account and try out your trading strategies. Total prize money $40,000 over 4 rounds. Round 2 is now open…Continue Reading
First trading day of the month, market is relatively quiet with no major directional movement until the release of positive US payroll data. Shorted USDJPY shortly after the announcement at 109.62 and 109.46, with a…Continue Reading
After the big swing in the market yesterday, as expected today was relatively quiet. Perfect setting for some range trading. First up, long USDJPY at 108.68 and closed at 108.89, net gain of 21 pips…Continue Reading
Traded EURJPY twice today. EUR has been falling over the last two days and hovering around 6-month low. It was time for a rebound. First, long EURJPY after it broke out the range 125.50. Bought…Continue Reading