EUR/JPY 30/30
November 12, 2008
I have remained on the sideline for a long time, mostly because the spread has been wider than normal. During the past month or so, the spread of the EUR/JPY pair stayed between 6 to 10 pips on Oanda. So I thought I’d just keep myself out of the market and see how things unfold before me.
Last night was the first time I re-entered the market after a long period of idle time with two orders, stop buy at 123.43 and stop sell at 122.30. The stop buy actually produced a profit. The 30-pip profit target was reached. However, the sell order produced a 30-pip loss. So, we are break-even today.
