Friday, January 19, 2007

Journal Entry: Long USD/JPY

Jan. 18 2007 (USD/JPY trade)

Trade: Long 10 lots of USD/JPY @ 121.29.

Stop: 120.80 (Lowest close on Jan. 18 before the rally upwards).

Target: 122.30 (2:1 profit ratio).

Result: 121.32 (+3 pips)

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