Friday, May 31, 2013

EUR / JPY UPDATE: 31.05.13. 06:52HRS

EUR / JPY:

EJ has pulled back to pick up my first order at 131.30.

I am long with 0.5% exposure to the market.

Price has moved to to a high over night of 132.06 (76 pips)

My system has moved the stop loss to break even over night, eliminating the risk on this position.

I have removed the second order.

Chart below:

 
Price has pulled back from the over night highs and at the time of writing EJ is trading at 131.62.
 
I have a limit order to take profit at 134.70.
 
However, I will look to lock in profits in the usual way by moving the stop loss higher as price moves away from the entry.
 
I will update again later this afternoon or when the next strategy trade has been identified.
 
 
 
 
 
 

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