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02/17/2009 USDJPY Trade

Written by Hugh, on February 17th, 2009

Short 2 (200) USDJPY @ 9223
Stop @ 9278 (-55 pips)
Target 1 @ 9148 (+75)

TriScreen Trade, large move up.  Looking for retracement back down.

Click above for larger image

Click above for larger image

Price got close to the first target and as I learned from previous trades, it is best to take something off the table so I bagged +56 pips.  I then moved the stop on the second position to +10 pips and got stopped out.  A total of +66 pips on this trade.  I think it was a pretty good trade considering I made a profit going against the trend.




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Category: My Trading   Tags: ,

This post was written by . His goal is to become a professional trader.