NOTE: THIS BLOG IS STILL UNDER CONSTRUCTION AND IN THE PROCESS OF IMPORTING PREVIOUS BLOG CONTENT AS WELL AS BUILDING A PROPER WEBSITE. AT THE MEANTIME, I AM UPDATING NEW POSTS ON STRATEGIES AND MY PERSONAL TRADING LOG.

GBPJPY Trade

Oct 2, 2007

Take Profit 240.00 (460 pips)
BUY 235.40
Stop Loss 234.00 (-140 pips) 238.00 (260pips)

WIN
: Oct 9, 2007, close out remaining lots at 260 pips at the adjusted stop loss.

Oct 4, 2007 Update : Adjusted stop loss to 236.40 to lock in 100 pips profit.
Oct 8, 2007 Update : Adjusted stop loss to 238.00 to lock in 260 pips profit.
Oct 9, 2007 Update : Realized that the LOW for the day was actually 238.03, that was close! But it's starting to recover and I will probably check back later tonight (my night) to see if I want to close this portfolio.

Disclaimer : This is not intended to be a forex trade recommendation or signal. There is also a time lag between placing my personal trade on the forex market and this blog post. I will frequently check on the open trades to see if I will continue to hold the position and will update my positions in the forex market according. Following the trades is strictly at your own risk and I do not hold any responsibility over the outcome of your trade.

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