Forex blog – JPY forex fan

A forex blog about making pips in any currency pair

Welcome to my forex blog. I am a great believer in luck and I find that the harder and smarter I work the luckier I get. :-)
March 4th, 2010

Trade #13: Closed

jpyforexfan

Closed manually @61.13 for a profit of 34 pips.

A storm has been raging in the markets for the past 2 hours. Since I had moved the Stop Loss to the immensely profitable +1pip level of 60.80, I felt like I don’t have to be around the computer. Now when I came back, I pulled up the charts and saw that it looks like I could have sold up there at 61.60 Yeah, right… Could have, should have… It doesn’t matter. What matters is: +34 pips is a positive P/L number. :-)

March 4th, 2010

Trade #13: Stop moved

jpyforexfan

SL moved up to 60.80 for a +1 pip profit
Capital preservation is what a serious trader first strives for.

March 4th, 2010

Trade #13: Buy NZDJPY @60.79

jpyforexfan

Trying the same thing again with a slightly looser stop. I placed my Stop @60.40 Target: open