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.

USDJPY Trade

24, Feb 2009

Stop Loss 94.46 (50 pips)
Sell 94.96
Take Profit 95.96 (100 pips)



WIN : 24 Feb 2009 Update - It is making a gain of about 90 pips now and I have changed my stop loss to 95.46 to lock in 50pips profit while changing the take profit to be 96.16. This trade is now set to gain either 50 pips or 120 pips profit. Both profitable, only question is how big it's going to be.

24 Feb 2009 Update - position closed at 96.16 (revised take profit), pocketing 120 pips in profit.

This course made it all possible!

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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