Wednesday, November 04, 2009

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.

No comments: