Tuesday, June 23, 2009

Too early close.

I closed one trade this morning, short USD/JPY from yesterday. Managed to get 31 pips. A great start to the morning. Later in the day i shorted GBP/JPY but it was a wrong move as the pair staged a reversal, luckily i got out early with only 39 pips loss. Had a long trade on GBP/USD thereafter with a target profit of only 80 pips. It was down 30 pips at one time before staging a mini rally to to positive 25 pips and now hovering at positive terittory. Adjusted my stop loss to break even. Going to leave it to see if it could hit my PT or BE. Though things do not look so encouraging but i am going to leave it.

It closed at break even as soon as i finished this post.

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