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 I blog about how successful trading can improve your lifestyle and how a healthy and balanced lifestyle also plays a huge part in helping you become a successful trader. You can also follow me on Twitter.


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