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06/29/2009 GBPJPY Trade 2

Written by Hugh, on June 30th, 2009

Short 1 (500) GBPJPY @ 5925
Stop @ 5950 (-25)
Target @ 5900 (+25)

Reasons for trade:

  • Bounce off former support
  • Bounce off M3 pivot
  • Bounce off resistance @ 5921

Confidence in trade: 7/10

2009-06-29_3

Closed 450 units @ 5917 for a +8 pip profit.  Moved the stop on the last 50 units to 5920 or +5 pips.

2009-06-29_4

The last 50 units hit the stop for a +5 pips profit.  Total profit on the trade was about +8 pips.  This was a good trade, the only thing I would have done differently is to trade a larger number of units.  1,000 units would have been ideal.




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Category: My Trading   Tags: ,

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

1 comment to 06/29/2009 GBPJPY Trade 2