Since I got taken out of my previous EUR.JPY long I decided to take another as it appears the pair is heading back up. I entered at 121.89 and initially placed a stop 200 pips below it. I have since raised the stop to 122.50 to lock in a small amount of profit and avoid a loss should it swing lower during the week.
Monday, December 15, 2008
EUR/JPY: Long @ 121.89 - Up almost 200 pips
Since I got taken out of my previous EUR.JPY long I decided to take another as it appears the pair is heading back up. I entered at 121.89 and initially placed a stop 200 pips below it. I have since raised the stop to 122.50 to lock in a small amount of profit and avoid a loss should it swing lower during the week.
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