Tuesday, November 10, 2009


We did the right thing for coming out before it reverse. Last night we are just 7pips away from target but it reversed and hit our 20pips trailing stop loss. 2 hours after that the market move straight up definitely taken out our stoploss if we had never shift.

As we are being conservative according to the reasons provided 2 post earlier, we are able to take some pips off the table. Therefore Trade your plan, plan your trade.
Was out with +14 pips at 150.48.

Nov: +109 pips

GBPJPY Short

Short @ 150.62 base on 1hr chart trade signal. We are leaving only 20pips stoploss @ 150.82 as it might be a double bottom. Secondly, I don't usually expect US session to go in my way. We set our target at 40pips profit. Last factor is 150.48 and 150.37 are our monthly and weekly pivots respectively.

Stoploss will be set at 20pips trailing to get as much off the table as possible while I'm asleep :)

Currently standing at +11pips.

Wednesday, November 04, 2009


Target hit with lots to spare. Important resistance at 150.34 - 150.48. Weekly and monthly pivots respectively.

+95pips
GBPJPY Long

Long trade open at 148.90. Stop loss shift to 149.40. Lock in 50pips

First trade of the month with positive outlook. Past 2 days its ranging between 240pips. It may seem like a good opportunity to get some money off the table but to me its too unpredictable to place a trade. We trade to make money. Therefore only we look for confirming signals for entry.

If 1200am price is at 149.75, we will look for another buy if that happens.