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1/20/09 CHFJPY Trade

Written by Hugh, on January 21st, 2009

Short 1 (100) CHFJPY @ 7828
Stop @ 8040 (-212)
Limit @ 6818 (+1,010)

Entered on a surprise box trade.  It was a slightly late entry but the first resistance level held, so I stayed in.

Click above for larger image

Click above for larger image

I woke up in the morning and the pair dropped significantly.  Given the week I was having, I thought it best to close the trade becaues price was stalling and looked like it would reverse.  Closed out at 7602 for +226 pip profit, still about a 1:1 risk/reward ratio.  Good trade




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Category: My Trading   Tags: ,

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