Friday, May 29, 2009

GBP/USD/JPY x 3 trades

This is me at my most adventurous. I entered into 3 open position at the same time involving different pairs. First trade, long GBP/USD, then long USD/JPY and lastly long GBP/JPY all within 3 hours. Minutes later i closed my first trade with only 2 pips gain as i want to limit my risk and it proved to be a mistake as GBP/USD soared >200 pips the next morning. While USD/JPY plunged about 140 pips and GBP/JPY is still trending sideway.

Well, only 2 trades open at the moment. Let's see how it works out when US market open.

Cheers.

Update: 2009-05-29 GMT 14:17
USD/JPY plunged under heavy pressure. Exited at SL.

Entered another long trade on GBP/JPY at lower price.

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