05/06/2009 GBPJPY Trade

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)

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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.