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04/13/2009 GBPJPY Trade

Written by Hugh, on April 15th, 2009

Squeeze Box Trade

First Position:

Long 1 (100) GBPJPY @ 4910
Stop @ 4748 (-162)
Target @ 5140 (+230)

Second Postion added looking for a bounce off the 4800 level:

Long 1 (100) GBPJPY @ 4813
Stop @ 4760 (-53)
Target @ 5140 (+327)

Click above for larger image

Click above for larger image

Stopped out on both positions for a loss of -54 pips and -162 pips for a total loss of -216 pips.

One thing I learned on this trade was that I should use the original stop for the second position unless price move significantly in my favor (100+ pips).  Total account exposure was small, so there wasn’t too much harm done.




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  3. 02/17/2009 EURCAD Trade
  4. 02/16/2009 GBPUSD Trade
  5. 04/08/2009 USDCHF Trade



Category: My Trading   Tags: ,

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