I was long at 130 and on sunday the pair jumped to 134. I locked in a small 50 pip stop to profit if it swung lower - it dide and here we are today at a new all time low for this pair - I'm long again and my stop is 200 pips below
Tuesday, January 20, 2009
GBP/JPY - NEW LOWS - Long Entered @ 126.20 Stop set 200 pips below
I was long at 130 and on sunday the pair jumped to 134. I locked in a small 50 pip stop to profit if it swung lower - it dide and here we are today at a new all time low for this pair - I'm long again and my stop is 200 pips below
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I got a bit of a profit on this on the previous position as well, and I have re-entered at 125.36. All time low for the GBP/JPY, since atleast 1993 :O
ReplyDeleteuh... lol. now it's at 122.408 O_O
ReplyDeleteThis pair is moving well - Even though my stops have been hit I'm glad - The lower the price the larger the bounce will be - 2000 pips to the recent highs - Missed the short but I'm going long in this area again.
ReplyDelete