March 5th, 2010
jpyforexfan
At a loss of -106 and -88, respectively. Conclusion: Trading on NFP day is not healthy (for some).
That’s the 4-hour chart. Looking good, huh?
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March 5th, 2010
jpyforexfan
It’s 09:15am GMT. Another short @61.56 with SL 62.44 and TP 60.69
This is NZD/JPY’s current 4-hour chart.
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March 5th, 2010
jpyforexfan
Good morning, everybody. It’s 06:07am (GMT) Friday. Before the Europeans come in, here’s what I did: Short NZD/JPY @61.38 SL: 62.44 Target: 60.67
I hope my Stop is OK there (at a whopping 106 pips from my entry point) and won’t be hit during the day, particularly, bearing in mind that today is NFP day.
From now on, I will try to add a snapshot of the chart to better help with my evaluation of the trade afterwards. The following is what the 4-hour chart for the New Zealand dollar vs. the Japanese yen looks like at the moment.
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