One day trade: $EURJPY Short 13-August-2009

As I’ve mentioned in Twitter, I saw a day trade opportunity to short EURJPY(FOREX:EURJPY).  The trade went well, though I did not expect the aggressive selling. Very simple setup, playing with support resistance levels in bigger time frame, and day trade in 15-min chart.

I do not make too many of short term trade like this, I thought this trade is a good example of simplicity.

Here is the…. CHART!

ERUJPY_15min_13August2009

About Gav

A Father, Husband, Trader, and Blogger. A serious coffee addict. Started trading since 2005, trades Futures and FX.

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Comments

  1. Interesting Post. I’m myself shorting EURJPY since 13th August but looks like we both are trading on different timeframes.

    Good trade BTW.

    http://ichi360.wordpress.com/2009/08/15/4h-trade-eurjpy-14th-august-2009/

  2. @ichi360, I rarely trade off 15min. This is an exceptional case anyway.
    Btw, good work on your ichimoku analysis. But, it is too complicated for my simple mind. Signs of ageing…

  3. @ichi360, I rarely trade off 15min. This is an exceptional case anyway.
    Btw, good work on your ichimoku analysis. But, it is too complicated for my simple mind. Signs of ageing…

  4. Thanks Gav,

    I’ve a section on my Blog where I have links for Partner Bloggers (Trading of course) as well as RSS feed (last 1 post) from these blogs.

    I would love to add your Blog and Posts to my Partner Bloggers if you like. some of other Bloggers have done the same thing to link back to my Blog which of course brings Traffic to each other.

    Let me know if it sounds good.

    Thanks,
    ichi360

  5. Thanks Gav,

    I’ve a section on my Blog where I have links for Partner Bloggers (Trading of course) as well as RSS feed (last 1 post) from these blogs.

    I would love to add your Blog and Posts to my Partner Bloggers if you like. some of other Bloggers have done the same thing to link back to my Blog which of course brings Traffic to each other.

    Let me know if it sounds good.

    Thanks,
    ichi360

  6. Gav, how did you come to the decision to go intraday on this trade? (Resistance is resistance no matter what the time frame is)

  7. Gav, how did you come to the decision to go intraday on this trade? (Resistance is resistance no matter what the time frame is)

  8. Interesting Post. I'm myself shorting EURJPY since 13th August but looks like we both are trading on different timeframes.

    Good trade BTW.

    http://ichi360.wordpress.com/2009/08/15/4h-trad

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