Beastly move. | fxmadness.com
Sponsored By :

This blog goes where few traders dare – the exciting world of Forex outside the dollar!

fxmadness.com

September 12th, 2008 at 12:31 pm

Beastly move.

So, it finally came. Move in GBP-JPY. After couple of days of starring at the screen and adjusting orders, the “beast” ran my way. The buy order at 187.60 was filled and not much later I was out at 188,60 with 100 pips. Once prices retreated a little bit, another buy order was placed.

gbp-jpy-8.jpg

This one was at 189.00, just above previous high. Shortly after the trade was executed, and just couple of hours later target of 190.20 was reached. Very  good day. After that I just sat back, enjoyed the moment and watched with amazement as GBP-JPY just kept climbing. “Beast” lived up its name, moving about 700 pips in a day. It can be really scary to be on the wrong side of a move like this.
I had one more trade posted in this blog, a buy in AUD-USD.

aud-usd-4.jpg

This one also paid 100 pips, only it took a little longer.
That was a very good week for me, 4 good trades in GBP-JPY and one in AUD-USD cleared over 700 pips. I only wish it was always like that…
At any rate, I will review charts Sunday morning my time and post my next moves before market opens.

Mike K.

image2.gif

 

RSS feed for comments on this post | TrackBack URI









<

Forex


By TwitterButtons.net

Benzinga.com supporter

Are you a CEO and own
a business? Make sure you
get yourself a Direct Line
 for Business insurance
quote
.
Citi IPB, a subsidiary of the Citi Group offers unrivalled Offshore Banking services to customers across the globe. Including financial planning and access to deposits internationally.
  • Recent Posts

  • Categories

  • Archives

  • Blogroll

  • Forex trading signals Simple, easy to follow mechanical trading system. Free trial. spectrumforex.com

    • BlogRankers.com


      Finance Blogs


      TopOfBlogs


      Exotic currencies,


      blog directory


      Finance blogs


      Finance


      pfblogs.org logo