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08/07/2009 GBPJPY Trade

Written by Hugh, on August 7th, 2009

Sell 1 lot (800 units) GBPJPY @ 6234
Stop @ 6265 (-31 pips)
Target @ 6203 (+31 pips)

Confidence level: 6/10

Reason to take trade:

  • Resistance
  • Daily high
  • Pivot point
Click above for larger image

Click above for larger image

Closed trade early…closed 700 units at 6213 and 100 units at 6265 for a total unit weighted profit of +20 pips.

This was smaller than the target profit but I am not trading well this week and need to get my mojo back so a small, sure profit is a good way to get my confidence back.




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Category: My Trading   Tags: ,

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