Trade Review: EUR/JPY

August 31, 2006 9:21 PM UTC in Trade Ideas

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In my last pick, we saw the euro quickly rise against the yen, and there was no stopping it! Our short trade was triggered, and we were so close to pt1, but the pair reversed and continued its long term trend. We got closed out at a loss of -20 pips per lot. Grrr!!

Lot 1: -20 pips

Lot 2: -20 pips

Total Pips: -40 pips

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About Pipcrawler

Every day, I try to find what I believe is the best looking short term currency trade setup for the upcoming trading day or week. If you're a forex newbie, it can be tricky trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology behind price movements in the foreign exchange markets, so you can learn to analyze your own currency charts and trade on your very own. To help you understand my trading approach, please read about my trading framework.