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.

GBPJPY Trade

Sep 25, 2007

Take Profit 232.90 (300 pips)
BUY 229.90
Stop Loss 228.60 (-130 pips)

WIN : 26 Sep, 2007, 300 pips.

As the take profit is a wide range of 300 pips, I have also set a trailing stop loss to protect my winnings.

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.