Wednesday, January 6, 2010

Good day

Hello friends!
I took a lot of trades today! Most were stopped out at break-even, unfortunately.
There was one good set-up on the EUR/JPY that I managed to score on. Price had pretty much hit support, and had begun to consolidate again after a short rise, forming a nice little trap. The USD/JPY was also looking bullish, indicating relative Yen weakness, so I took a long at the break of the trap. Result: 95 pips! I closed half of a standard lot at around 65ish, and closed 4/10ths of a lot at 95, and now I am letting one mini lot run with my stop moved to break even. Lets see how far it goes!

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