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 ------ short
time frame ----- 4h
account after -- 1405,26
entry ---------- 214.62
SL ------------- 214.33
TP ------------- -
profit --------- 2,68
date ----------- 4. Jan
risk level ----- -
risk to reward - -


Reason for:
entry - After the Canadian dollar news the market got a push in downwards direction. Entered after a confirming movement down after retrace.

The trade turned out well. Moved my stop loss to the current highs of the retracings. Got out after a breaking of the ranging market upwards.

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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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