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08/03/2009 GBPJPY Trade

Written by Hugh, on August 3rd, 2009

Short 1 lot (200 units) GBPJPY @ 5818
Stop @ 5925 (-107)
Target @ 5711 (+107)

Confidence level: 5/10

Reason to take trade:  TriScreen setup

Click above for larger image

Click above for larger image

I got stopped out for a -107 pip loss.  As you can see, I didn’t wait for the %R to roll out of overbought.  Price continued higher until I was stopped out.  I have to wait for the signal and not jump the gun!




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Category: My Trading   Tags: ,

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