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EUR/JPY Shorts

MACD Divergence is a success again on EUR/JPY trade. 

 

5/24/07  09:00 PM  -07:00

Yes, indeed.  I closed my short on EUR/JPY today.  It hit the target while I was on my way home from work.  I entered the short order on 5/22 based on the divergence between the price and MACD histogram.  See chart 1 below.  You could check out the details on the trading journal, trades, and the performance pages.

Canadian dollar continues to be a pain for me.  I am on the long side.  1.0835 was my long order.  Details here.  I woke up this morning and it was trading at 1.0809 while it already hit the day low of 1.0790.  I almost fainted.  I shut off the computer because I had to get my ass to work.  As the day progressed, it bounced back to the 1.0830 - 50 range.  I thought who's pushing the price lower.  Oh well, the divergence between the price and MACD histogram is still valid, see Chart 2, so I will stand by this trade and wait.

Let Me Know What You Think

Yesterday's Post:  Canadian Dollar (CAD) Shorts

Chart 1

EUR/JPY

Click the image to see the full size

 

Chart 2

USD/CAD

Click the image to see the full size

Let Me Know What You Think

Last Updated:
Sunday, October 07, 2007 10:27:33 AM -0700

 

 

 

 

 

 


 
 

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