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Wednesday, June 4, 2008

Shorting EUR/JPY on June 04

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I hope that you managed the previous trade well. I made on it 15 pips. Few moment ago, I re-entered at 7:39PM, and shorted it in 162.67 area. I will include a screen shot later today. I will also revisit the other post to comment on the trade.

This is an update to the trade:

It is now 7:50PM. I just took off half the position I shorted with a 12 pips profit. I plan to re-enter on a rest of high and fail if any. If not, it would mean that the current trade will go for a lot.

The point is that I am managing the risk of the trade, after deciding on entry.


Included in this post are charts of enter and profit taking on part of position, as well as a chart containing what is left of the position.


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Happy trading,

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