EURJPY and NZDUSD Trade update

Hi all,

Last week I was in two trades which are now both closed. I was away from home and was monitoring my account via my mobile phone. I saw my NZDUSD trade was in profit by almost a hundred pips and decided to close the trade and take profits. At this point I am glad that I did because price has marched right back up and would have hit my trailing stop anyway.

As far as the EJ trade price action hit my stoploss that I had posted just above breakeven, so the balance of that trade is now closed.

All in all it was a good week for me. I hope you have done well also.

Current price action on EJ has been rangebound for the last two weeks or so. As I indicated in a previous post, price needs to breakout of the highs or lows of the November 4th daily bar before we have any hope of seeing a trend on the daily. The picture above also shows the daily bar I am refering to marked with red and green arrows.

For anyone interested in trading with automated software (known as an EA or Expert Advisor on the MT4 platform), I have purchased the FAPTurbo EA and have started a demo account on which the EA is running. You can follow the progress of the account at my MyFxBook page here http://www.myfxbook.com/members/andante9/fapturbo/7710
Should you decide to purchase the FapTurbo EA for your own testing purposes there are links on the bottom of this blog to take you to the site where you can purchase the EA. Don't rush into anything though, I have tested many EAs and most do not live up to expectations. For now you can keep an eye on its progress through the link I have given you above.