Short@USD/JPY 2-15-2010 2pm (trade status:CLOSED)

February 15, 2010

Short sold USD/JPY at 90.12 expecting a bounce from the major resistance in the 3-hour time frame chart. Stop loss placed at 90.55.

Updates:11pm 2-16. I have now moved my stop loss at my entry price of 90.12 to prevent further loss.

Updates:10pm 2-17. My stops placed at my entry price was hit. This trade was break even.

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Comments

  1. mikeyorsolino says:

    Nice one bro. Hoping the downtred of the USD/JPY continues. Being optimistic and hoping it reaches the lower 88s. Hahaha.

  2. almapal says:

    haha same here for USD/JPY!

  3. mikeyorsolino says:

    Stress to. USD/JPY went to the lower 89.70s. Should have already taken profit then. Still holding on to my short at 90.10. Hahaha! Hoping for USD/JPY to go back down.

    USD is weaker accross the board right now kasi.

    Wishful thinking kaya?

  4. almapal says:

    Same here, I didn’t take profits at 40 pips nor secure a profit stop. Well, looks like USD/JPY had broken out of the downtrend’s resistance in the 3h time-frame so I went long a while ago at 2am. Now, I moved my stops to my entry price to prevent further loss.

  5. Boyce Stathis says:

    Some people just blow this stuff off, and I guess that their money making success takes a hit in the end. There is a serious tendency to rely on quick solutions that the bulk of them wind up sabotaging themselves. A little look in the mirror helps everyone to keep our footing in a pitiless market.

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