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02/23/2009 AUDJPY Trade

Written by Hugh, on February 25th, 2009

TriScreen Trade

Short 2 (150) AUDJPY @ 6110
Stop @ 6190 (-80)
Target 1 @ 6025 (+85)
1 @ 5861 (+249)

Click above for larger picture

Click above for larger picture

Trade stopped out, missed the target by about one pip or so for a loss  of -80 pips on each lot for a total -160 pips.  There was nice MACD divergence, moving around he 800 SMA and there was a good touch off of overbought on the %R.  I was about 8/10 confidence level on the first target.  This was  a good trade, I have no regrets about.




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Category: My Trading   Tags: ,

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