Friday, January 18, 2008

Closed trade

I just close my Bp/Jy sell on 209.92 with a profit 97 pips..eventho the price keep dropping after that (lol) but..what the heck..million opp out there..97 pips not bad after all..mean while there is still one open order (USJY)..currently..guess what..-2 pips still T_T.The gbp news bring down the bpjy ( GBP Retail Sales m/m ..drop from 0.4% to -0.4%).As we can see..the gbp drop nearly 200 pips while the usjy sitting duck on 107.07..usually when the gbp frop..the usjy will shoot to the roof..but not always my friend..u have to understand of the correlation of each pair..so..in this case..the gbp drop to us dollar..it the gbp that move..not the dollar (notice that gbp can move as one of the pair..gbp or us move..meaning if gbp strong to dollar..gbp/usd will up..or usd strong against gbp..this pair will move down.then in this case..gbp weak to usd..but usd relative stabil to japanese yen.okke..hope u'all understand.Will inform u'all but the other when i make a change to it ( close, adding position, moving stop loss or put a tp etc etc.)..remember..safe sex!!

Last edited:Just Close my USJY for a loss - 12pips.reason..price pattern on 4H show development of an up movement.Thx all

No comments:

Post a Comment

Pages