05/06/2009 GBPJPY Trade

by Hugh Kimura on May 7, 2009 · 1 comment · My Trading

This was a TriScreen Trade that was executed late but was done in conjunction with the break of a previous support level.

Short 1 (100) GBPJPY @ 4697
Stop @4790 (-93)
Target @ 4515 (+182)

Click here for larger image

Click here for larger image

This was a bad trade.  I should have stuck to the rules of the TriScreen and stayed out of the market.  If I had followed the rules, it would have been very profitable instead of picking the bottom of the day.  That’s why it is necessary to review all your trades.

I obviously got stopped out and lost -93 pips on this trade.

About The Author: Hugh Kimura
Hi, I'm Hugh Kimura and my mission is provide you with the very best information about trading and living better through research and my own personal experience. You can also follow me on Twitter and Google+. Note: All information is for entertainment and education only and is not investment or trading advice.

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