A Journal about life, price-action forex, and whatever I feel like talking about...
Friday, August 26, 2011
USDJPY
Well, yesterday this trade was moving in my favor, it got up as high as 77.695 (my target profit was 78.000), so I moved my stoploss up to 76.750 to minimize my risk in the trade. Unfortunately, price reversed dramatically to 76.480 which stopped me out. Due to my minimal risk though, I only lost -$2.53 (this is the key to forex...wins must be larger than losses!) I will continue to watch this pair, as the "bottom" still seems to be holding...will be interesting to see what it does in the coming days. Current account balance $2,914.99
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