Update on yesterday’s trade and new entry

Posted on 15. Jul, 2009 by Jakob in Uncategorized

So the trade I took yester did continue up after some consolidation and hit my stop loss, which resulted in a loss of 1%. It has just gone up to the 61.8 Fibonacci retracement level, and is now slowing down the strong move up, it has experienced today. I will enter on another trade on the same pair, GBP/JPY, once again short at 154.76 with a stop loss of 100 pips and an open take profit. I will also enter on a short trade on the EUR/USD at 1.4111 with a stop loss of 100 pips and an open take profit. I will enter both trades with 1% of my balance. Let’s see how things work out.

Tags: My signal

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Update on yesterday’s trade and new entry

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