Friday, January 15, 2010

Trade Updates

My short position for USDJPY is floating steadily with profits. At this point, it was very clear that USDJPY is going down on daily chart. I was thinking of taking another position into the trade. This time, I was thinking of scaling the trade. I was expecting USDJPY to keep the bearish movement until next week.

Meanwhile, EURUSD was moving down like a falling rain. Someone must have put the magnet down there. This is an excellent opportunity to gain some pips while the pair is moving down.

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