"Take Risks: If you win, you will be happy; if you lose, you will be wise. Nothing ventured, nothing gained."

Monday, May 3, 2010

3 May, Eur/Usd, Usd/Jpy - Set Sail

Good day people. Taken the smallest size possible. 1H chart. Im taking a longer ride this time, and bearing in mind risk: reward. Just simple opinion for taking my position. For Eur/usd, resistance at 1.3230 level, risk:reward, 1:2. But then again, euro has taken a beating since the start of the market, is it going down further? Usd/jpy, Strong resistance off 94.55 area, double top? No? nevermind, both stop/losses level do not take up 1% of equity.




Short another two position in the cable and it came off very well. as usual, the volatile pound went about -15 before plunging deeply down. small position has the flexibility to withstand such more losing positions. it plunges really deep down.


+58 pips in total. screw the yen for contributing the loss again.


shiro said...

Great way to start the month dude. Best wishes

Black said...

Thanks shiro, same to you :)

FFXD said...

Awesome! :)

Black said...

Thanks FFXD. :)

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