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Buy USD/JPY – Traders book 12% profit at 82.77

Posted on: March 12th, 2012 at 10:24 am

Technically USD/JPY has given a long term breakout above 78.

Buy USD/JPY at 82.35, target: 85. (Traders book 12% profit at 82.77)

Short term trade.

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43 Responses

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Comment pages: 123Show all

  1. SM Says:
    March 12th, 2012
    Posted at: 10:56 am

    CB, Kartik... This currency pair is not there in NSE as well as MCX-SX. Who is your broker and what Exchange? Are you telling about spot rates?


  2. CB Says:
    March 12th, 2012
    Posted at: 11:13 am

    Hi SM, I opened an acc at etoro.com. it is available there.


  3. Arvind Says:
    March 12th, 2012
    Posted at: 11:46 am

    Hi CB,

    NSEguide or Chartink provides the charts for Forex?

    Thanks,
    Arvind


  4. SM Says:
    March 12th, 2012
    Posted at: 11:46 am

    Hi CB, Thanks a lot. As far as I know, etoro itself is not a broker, but connects its customers to other brokers. Also, it is based in Cyprus. As far as Exchanges in India are concerned, NSE and MCX-SX are the only 2 exchanges at present, who are allowing trading in currency pairs. That too, in USD/INR, JPY/INR, GBP/INR, EUR/INR only. So, all pairing have INR involved. People holding a trading acc with a particular broker in India, can approach the broker and open an acc in any of the above 2 exchanges, providing that particular broker is a member of either NSE (currency derivatives) OR MCX-SX. It would be easier that way, I guess.
    If we have to execute a trade in India, (based on your call to buy USD/JPY) we will have to initiate 2 trades
    i) Buy USD/INR
    and Simultaneously
    ii) Sell JPY/INR
    Can I request you, to give calls considering INR pairing? This would help people who do not have an acc with a foreign broker. Plz give it a thought :)


  5. eky Says:
    March 12th, 2012
    Posted at: 12:17 pm

    thanks SM,very helpfull.


  6. CB Says:
    March 12th, 2012
    Posted at: 12:33 pm

    Hi Arvind, no, not yet

    Hi SM, thanks. but we would require an account where we can trade all. would only buy the ones which look good technically


  7. SM Says:
    March 12th, 2012
    Posted at: 12:48 pm

    Hi CB, Hmmm. Thanks again :) I guess, over time, traders in India will try to shift to foreign brokers... till NSE and MCX-SX allows trading in more currency pairs
    Hi eky, Most welcome :)


  8. Gitanjali Says:
    March 12th, 2012
    Posted at: 1:06 pm

    HI CB, How did you open an acct with etoro ..what r the requirements pl??Hi SM, Are u holding any trade in commo right now ..? What wd you recommend pl?


  9. CB Says:
    March 12th, 2012
    Posted at: 1:09 pm

    Hi Gitanjali, no documents are required. need to create a user id and password.. need to transfer $50 (rs.2000) to start trading..


  10. Gitanjali Says:
    March 12th, 2012
    Posted at: 1:13 pm

    THANKS CB ..how much margin is required ,for these trades..pl/


  11. CB Says:
    March 12th, 2012
    Posted at: 1:16 pm

    Hi Gitanjali, its form the $50 that you can buy 1 lot (1000 units).


  12. Gitanjali Says:
    March 12th, 2012
    Posted at: 1:18 pm

    THANKS CB

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