Anyone here trade the EUR/JPY???

Aug 13, 2013 at 11:05
637 Views
9 Replies
Member Since Aug 13, 2013   6 posts
Aug 13, 2013 at 11:05
I have just started trading this at the beginning of this year 2013 and since i dont trade with StopLoss , i find EUR JPY a very good pair to trade.

I have been consistently making 100 plus pips per trade and i only do long term trades ( 3 days or more) coz its much more stress free.

I would like to hear more from those that are trading EUR JPY.
Member Since Nov 21, 2011   1718 posts
Aug 13, 2013 at 11:35
Member Since Feb 19, 2011   61 posts
Aug 13, 2013 at 16:38
You are right, I do like EUR/JPY pair very much due to the same reason as you suggested.

Regards,
dxnation
Be among the very successful Forex Account Managers.
Member Since Jun 03, 2010   696 posts
Aug 13, 2013 at 19:03
I also trade on EUR/JPY :)
PAMM MANAGER // Professional Fund Manager
Member Since Nov 21, 2011   1718 posts
Aug 13, 2013 at 19:33
Who doesn't like to trade EURJPY? : )
Member Since Aug 13, 2013   6 posts
Aug 14, 2013 at 06:51
Crazy Trader, Yes im LONG at the moment. Opened a position at 128.133 and so fa making 213 pips. The other one i opened at 129.626 is up to 64 pips right now. And price right now is at 130.269.
Member Since Nov 21, 2011   1718 posts
Aug 14, 2013 at 07:36
10folds posted:
Crazy Trader, Yes im LONG at the moment. Opened a position at 128.133 and so fa making 213 pips. The other one i opened at 129.626 is up to 64 pips right now. And price right now is at 130.269.

GG
Member Since Aug 23, 2012   2 posts
Aug 14, 2013 at 14:40
10folds posted:
Crazy Trader, Yes im LONG at the moment. Opened a position at 128.133 and so fa making 213 pips. The other one i opened at 129.626 is up to 64 pips right now. And price right now is at 130.269.

I trade EJ actively too. But dont seem to have the patience to accumulate such huge profit. How do you decide on taking profit?
Member Since Aug 13, 2013   6 posts
Aug 15, 2013 at 06:31
I like swing trades because they are less stressful ...... i just put a trade or two and then i wait for 3 to 8 days to collect the profit. I have been trading since 2004 . . .so its been 9 years ..... so you know i have gone through alot more in those 9 years and i have learnt alot too. Lost more money than i gained .So i guess...this time, all my experiences along the way has finally paid off.

The journey was rough , but i think it has left me better than it found me. I am doing it slower but surely getting the profit that i only used to dream about.

And with taking profits...... i have been doing this for 9 years and everyday , so i just have this pattern that look for that tells me that the market is about to turn.....so i take my profit and then trade put a trade in the opposite direction.....so far its working out really well.
Member Since Aug 13, 2013   6 posts
Aug 15, 2013 at 06:31
BTW .... i have taken my profits last night. And im already SHORT the EUR JPY . . .

Its not too late for you to do the same. Im thinking , this could be a 300 - 400 pip move down.

I dont use Stop Loss ....but if you want to use Stop Loss...you can put it at 130.680


Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.