Currently I'm continuing my journal at www.forexfornoobs.com

Currently I'm continuing my journal at www.forexfornoobs.com

This is subject to change in far future. Until then, I'll keep it there.

Friday, January 4, 2008

GBPJPY
direction ------ long
time frame ----- 4h
account after -- 1402,58
entry ---------- 216,79
SL ------------- 215,64
TP ------------- -
profit --------- -10,43
date ----------- 4. Jan
risk level ----- 0,74%
risk to reward - -


Reason for:
entry - Price had broken a resistance line.

This one was a perfect entry, but there were news coming out for Canadian dollar at 13:30 GMT which was much different from expectations. Those news affected many currency pairs greatly. GBPJPY moved about 160 pips in 5 minutes which is a very strong movement.

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Elton
Hi, my name is Elton. Please check my other blogs as well. I'm also a Forex trader (not full time yet). You can see my story at www.eltonforex.blogspot.com
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