Comments on: EURJPY – Friday 30th October 16:30 – All closed at 133.30 http://www.fx500club.com/2009/10/eurjpy-friday-30th-october-1630-all-closed-at-133-30/ Learn to trade like a pro! Fri, 10 Sep 2010 06:17:16 +0100 hourly 1 By: hemal http://www.fx500club.com/2009/10/eurjpy-friday-30th-october-1630-all-closed-at-133-30/#comment-105 hemal Fri, 30 Oct 2009 17:00:57 +0000 http://www.fx500club.em.extrememember.com/?p=3601#comment-105 Sir, thank you for your kind words. If I'm truely honest, I thought GJ would hold support but for this very reason I decided to place the hedge. Someone has asked me why I closed GJ at 150.42. The reason was that all the other yen pairs where breaking support. It became clear that Yen strength was back on the cards. Have a wonderful weekend! Regards, H Sir, thank you for your kind words. If I’m truely honest, I thought GJ would hold support but for this very reason I decided to place the hedge. Someone has asked me why I closed GJ at 150.42. The reason was that all the other yen pairs where breaking support. It became clear that Yen strength was back on the cards. Have a wonderful weekend!

Regards,
H

]]> By: Dave http://www.fx500club.com/2009/10/eurjpy-friday-30th-october-1630-all-closed-at-133-30/#comment-104 Dave Fri, 30 Oct 2009 16:48:42 +0000 http://www.fx500club.em.extrememember.com/?p=3601#comment-104 Very well done Hemal truly amazing trading. I aim to be just half as successful as you. Great idea to hedge yourself when the market is at the point of going either way. I think the success in hedging is knowing when to pull out of 1 of the trades which you pulled off perfectly. From a technical point looking at the charts of GBPJPY & EURJPY I would have thought GBP which looked to have the most support (4hr20, DP & WP) would have been the runner but obviously wall street showed us the way again. Have a good weekend and looking forward to next week all ready! Regards Dave Very well done Hemal truly amazing trading. I aim to be just half as successful as you. Great idea to hedge yourself when the market is at the point of going either way. I think the success in hedging is knowing when to pull out of 1 of the trades which you pulled off perfectly.

From a technical point looking at the charts of GBPJPY & EURJPY I would have thought GBP which looked to have the most support (4hr20, DP & WP) would have been the runner but obviously wall street showed us the way again.

Have a good weekend and looking forward to next week all ready!

Regards
Dave

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