8-15-2013 EUR/USD, GBP/JPY Analysis
It has been fun this week trading the Yen pairs. I have been trading day and night to catch these great moves. I am loving every minute of it! The tight range in the EUR/USD has not made for happy day trading recently ....until today. The unemployment numbers today came in at 8:30am EST. These numbers were good at 320k. We saw A strong USD come into play, as a result and we were ready for a trade. We entered a short at 1.3286 I also added some at 1.3275 and covered at 1.3243. The move was fast and aggressive. The volatile markets we have seen last few weeks reminds me of the days of the crisis in 2007-2008. Once the stock market opened I looked for a short on the gbp/jpy we waited for that all so common bump up and faded the move. This was another good trade along with the usd/jpy. In total we netted over +100 pips on three trades. I have added a fast image below and I will add another later. I need to get away and take a break from these computers.
Peace!
BT
- Posted by fx_Trader
- On August 15, 2013
- 0 Comments
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