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25th July Update

  • Author: admin
  • Date: July - 25 - 2008

No breakouts today because the markets moved out of bounds for safe entries.

On the other hand… that means good things for our swing trades 😀

USD/JPY sitting at +62, EUR/JPY sitting at +36, and +100 pips taken on the first lot of GBP/JPY with the remainder trailing at +115 pips :)

I guess all there is to say now is have a good weekend!

25th July Update

4 Responses to 25th July Update

  1. nick says:

    nice work sir

  2. Vivek Saxena says:

    **APPLAUSE APPLAUSE** ! Looking forward to next week! U DA MAN! You should teach a Forex course! pEaCe n great weekend to yah!

  3. Aleks says:

    Hi Jafar,
    I didn’t use your swing signals before, so I am a little bit confused. Does ” initial stop” mean stop loss? Were is the entry point? Thank you in advance.

  4. Jafar says:

    Hi Aleks

    The initial stop loss is a suggestion for swing only. You should move the stop to break even or +5 or something when the trade nears +50 or so.
    It’s up to you how many lots you trade and whether you take partial profits at +50, +100 or let the whole lot run.
    The entry point is the open of the Daily Candle as the swing trade is taken from the daily chart. :)

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