20 July 2008

Finally .. entered a trade on 17 Jul

Finally, started to place my trade orders again ... after a month's break from trading.

USD/JPY was the big winner for me ... Longed the pair on 17 Jul at 105.39 and exited at 106.50 for a profit of 121 pips. This entry was made when the pair was trying to break upwards on the 30min chart

Similarly, my order on the EUR/USD to short it at 1.5875 was also triggered. However, this did not do as well as the JPY. Stop loss was moved to breakeven when the EUR moved 40 pips in my favour. In the end, this trade was exited with no loss when the EUR spiked back up, since it was in a consolidation phase. Should have seen that coming ... sigh.

Nonetheless, the week ended with a profit of 121 pips.

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