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Monday, 31 January 2011

Trade 6

While looking at the charts i noticed that GBP/JPY was performing better than EUR/JPY and i placed an impulse trade on it at £1 a point.This is one of the problems i have when trading,although i have looked at the signals and they look ok(maybe i am subconsciously trying to get rich quick).I have decided to leave the trade on and ride the trend.

Trade direction: Long
Stop loss:13105
Target price for exit:13252
Potential loss(risk):  £50
Actual Entry point: 13155
Trade size (£ per point) :£1
Target profit: 100pips

Verdict : No Loot

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