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.

Tuesday, January 8, 2008

GBPJPY
direction ------ short
time frame ----- 4h
account after -- 1413,68
entry ---------- 216.38
SL ------------- 216.98
TP ------------- 215.46
profit --------- 8,42
date ----------- 8 Jan
risk level ----- 0,28%
risk to reward - 1,37


Reason for:
entry - The price had reached a resistance forming a hammer after 4-candle trend.

This trade played out in the expected way. Hammer after a little trend near a resistance line.

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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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