Forex blog – JPY forex fan

Making pips in the Yen crosses.

Welcome to my forex blog. I am a great believer in luck and I find that the harder and smarter I work the luckier I get. :-)
March 31st, 2010

Paper trade #5: Closed @66.22

jpyforexfan

The entry was at 65.40 so that means a profit of 88 pips.

This is the 4-hour chart of NZD/JPY as of now (16:52 GMT, Wednesday):

March 31st, 2010

Paper trade #3: Closed at 125.90

jpyforexfan

A beautiful trade for a profit of +363 pips. Regretfully, it’s just a paper trade…

Here’s the 4-Hour chart of EUR/JPY as of now (11:48am GMT, Wednesday):

March 30th, 2010

UPDATE: Paper trade #5 at +45 pips

jpyforexfan

This trade is also going “as planned” ;-) . The entry was at 65.40.

Here’s the daily chart of NZDJPY:

March 30th, 2010

UPDATE: Paper trade #3 at +250 pips

jpyforexfan

Currently this trade is doing quite well, at about +250 pips. (Entry was at 122.27)
Here’s the daily chart for EURJPY:

March 30th, 2010

Stocks expected to rise

jpyforexfan

U.S. stocks were expected to start Tuesday with gains, continuing the recent trek upward, with reports on real estate and consumer confidence on tap.

Dow Jones industrial average, S&P 500, and Nasdaq 100 futures are higher.

Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins.

Stocks finished higher Monday, pushing the Dow to its highest level in 18 months, after a report from the Commerce Department showed that consumer spending rose 0.3% in February.