Thursday, November 1, 2007
Recap 1/11
Wild day for the euro/yen today. 200 pips drop after a multiple top, then a 140 p. retracement, then a new 100 pips drop again. Some trend followers I know were burned twice in a single day. My little scalping method kept me alive. Gains : 57,7 pips in 8 trades, 7 winners, 1 loser. +13,93 % increase of my account.
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EJ is always that type of pair where one moment it can surprise us with giant drops then suddenly it can pull the sock up, so we need to be very careful how we trade on this pair. I usually prefer scalping here with OctaFX broker thanks to their low spread of 0.2 pips, high leverage up to 1.500 plus useful platform like cTrader, it helps me work easily and all my trading orders are always executed instantly without facing any re-quotes or delay.
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