Forex Trading: Short EURJPY and Stop Trailed on AUDUSD Longs

By Jamie Saettele, CMT | DailyFX – Tue, Nov 27, 2012 10:18 PM SGT

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RELATED QUOTES

SymbolPriceChange
AUDUSD=X0.9666-0.01
EURJPY=X131.6390-0.28

Stops on the AUDUSD long position have been trailed to 10450. The entry was last Wednesday at 10340.

I went short EURJPY last night at 10641 with a 10718 stop. Signs of exhastion early in the week are promising on intradays (JS Spikes on 240 minute charts). Stops will be trailed when appropriate but a soft target area is 10465.

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Market Data

  • Currencies
    NamePriceChange% Chg
    1.26590.00+0.15%
    USDSGD=X
    1.63650.00+0.11%
    EURSGD=X
    1.91050.00+0.04%
    GBPSGD=X
    80.2566-0.44-0.55%
    SGDJPY=X
    6.1329-0.01-0.14%
    SGDHKD=X
    2.3971-0.00-0.15%
    SGDMYR=X
    7,740.00988.27+0.11%
    SGDIDR=X
    4.8428-0.01-0.25%
    SGDCNY=X
    1.2228-0.01-0.71%
    AUDSGD=X
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  • Commodities
    NamePriceChange% Chg
    1,387.80-4.00-0.29%
    GCM13.CMX
    22.47-0.04-0.19%
    SIN13.CMX
    101.85
    ^XAU
    3.30-0.00-0.06%
    HGN13.CMX
    94.04-0.21-0.22%
    CLN13.NYM
    More Commodities »
  • Bonds
    TreasuryYield (%)Yield Change
    0.89
    ^FVX
    2.02
    ^TNX
    3.20
    ^TYX
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  • Most Actives
    NamePriceChange% Chg
    1.925-0.26-11.70%
    C52.SI
    0.11-0.00-1.79%
    5RJ.SI
    0.196-0.00-0.51%
    I26.SI
    0.115-0.00-4.17%
    5HC.SI
    0.1350.01+3.85%
    5GC.SI
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    NamePriceChange% Chg
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    N6H.SI
    0.5250.05+10.53%
    S48.SI
    0.230.02+9.52%
    543.SI
    0.1860.01+7.51%
    Z75.SI
    0.160.01+6.67%
    H20.SI
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    NamePriceChange% Chg
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    O57.SI
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    S71.SI
    0.149-0.02-11.83%
    A59.SI
    0.09-0.01-11.76%
    5HW.SI
    1.925-0.26-11.70%
    C52.SI
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