10/14/2008

Trade # 25: EUR/JPY Long (Update)

I am out for +750 pips @ 140.50. I am jumping the gun a bit, but this is a nice profit. I will look to get back in long on a deeper correction.

Wave3 of 5 has finished, and I sold halfway through the Wave4 correction. There could be one last rally for Wave5, and then a decent downwards correction. I will try to buy this correction.

1 comment:

Neha Agrawal said...

Trading brings a new opportunity for the traders. They can take higher benefits from market by using MCX Tips into their investment and can convert it into profit.