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Covering A Short | Forex blog - JPY forex fan - Part 2

Forex blog – JPY forex fan

A forex blog about making pips in any currency pair

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. :-)
April 29th, 2011

Forex Trade #112: Cover EUR/USD short @1.4823

jpyforexfan

It’s 16:23 London time. I just chickened out of my short position in EUR/USD at the level of 1.4823 for a 9-pip profit after enduring a whole day of seeing this trade stay in the red!

Here’s the hourly chart of the Euro/Dollar forex pair as of right now:

It’s 17:26 London time. I just covered my EUR/USD short for a 58-pip profit.

Here’s the hourly chart of the Euro/Dollar forex pair as of right now:

April 22nd, 2011

Forex Trade #107: Cover EUR/USD short @1.4566

jpyforexfan

It’s 06:29am London time. I just closed my short in EUR/USD at 1.4566 for a 64-pip profit thereby recovering some of my dignity lost in the last few trades this month ;-)

Here’s the hourly chart of the EUR/USD forex pair:

It’s 20:07 London time (Sunday). I just closed my short in the EUR/USD for a profit of 46 pips.

It’s 15:50 London time. I just closed my short in EUR/USD at 1.4490 for a loss of 100 pips.

Here’s the hourly chart of the Euro/Dollar forex pair:

It’s about 15:40pm London time. I covered my short in EUR/USD at 1.4196 for a loss of 31 pips.

Here’s the hourly chart of EUR/USD as of now: