Monday, July 6, 2009
CADJPY stopped out
The trade we held for about a week and a half was finally stopped out. News on the purchase of trillions of Yen broke the support held. Good thing our GBPJPY short scalp was in place. It allowed us to close our short Yen position and quickly profit from the drop. This is why planning ahead for unseen events is the key to actual success in this challenge. Anticipate everything, expect nothing.
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long 83.15 close 83.55 +40 pips
ReplyDeletelong 83.15 close 82.05 -110 pips
long 82.66 close 82.05 -61.8 pips
took half profits on 7/1 & re-entered when it looked like support was holding. This was a good move because it eliminated some risk from the position.