Tuesday, February 3, 2009

A challenge: 2,000 pips

Buy GBPJPY at 127.50
The challenge is to gain 2,000 pips per trade. The game is either to make it or break it. The reward is...


I'm banking on the Bank of Japan to support its currency as evident by the USDJPY range of 88.00 to 90.00, hopefully it will also affect the GBPJPY pairs.

This trade will probably takes at least 1-2 weeks to hit its SL or PT. However the risk is comfortable enough and i do not have to keep checking it hourly.

Update 10 Feb 2009, 19:30 GMT
Closed with 300 pips gain. A reverse in trend killed my hope of a 2,000 pips record.

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