Sunday, January 14, 2007

Journal Entry: Never ever commit to impulse trade again

Jan. 12 2007 (USD/JPY trade)

Trade: Short 1 lot of USD/JPY @ 120.52.

Stop: 121.00 (Psychological barrier).

Target: No target. Let it run as long as I can stay awake.

Result: Trade closed on Jan. 15 @ 120.14 (+38 pips).

Comments: This was one of my "so-called" impulse trade as I had the gut feel that USD/JPY was trading at too high a level and thus not likely sustainable. In all honesty, I did not even studied the charts carefully and just committed myself to the trade without placing stops (*reminder: do not be a fool next time). Was really lucky to get away with a 38 pips profit on Monday morning as prices trading flat at 120.5+ for the rest of Friday.

2 comments:

Anonymous said...

dlsnc [url=http://www.drdrebeatscheapsales.com]beats by dre outlet[/url] dljhyh http://www.drdrebeatscheapsales.com xuqw [url=http://www.drebeatsstudioheadphones.com]cheap beats by dre[/url] gbhiwl http://www.drebeatsstudioheadphones.com tnsd [url=http://www.beatsdreheadphonesonsale.com]beats by dre sale[/url] ydwhya http://www.beatsdreheadphonesonsale.com bqnht [url=http://www.dreheadphonesonsales.com]monster beats[/url] pqekxg http://www.dreheadphonesonsales.com eebyj [url=http://www.drdrebeatssales.com]monster beats[/url] wnsjo http://www.drdrebeatssales.com fchyf [url=http://www.beatsheadphonesbydrdre.com]beats headphone[/url] iksnf [url=http://www.focsa.org.au/myreview/beatsbydre.phtml]cheap beats[/url] dfawk http://www.focsa.org.au/myreview/beatsbydre.phtml nzr

Anonymous said...

tzccyfrng http://www.louboutinfemmepascher.fr jgokvqdml [url=http://www.louboutinfemmepascher.fr]chaussure louboutin femme[/url] udcjsmidq
fmparwbkb http://www.louboutinchaussureshomme.fr izsuaatvx [url=http://www.louboutinchaussureshomme.fr]chaussures louboutin[/url] fyaceynua
httridgvu http://www.louboutinchaussuresfemme.fr fbgldwocs [url=http://www.louboutinchaussuresfemme.fr]christian louboutin pas cher[/url] xpbfglfta
inaziboeh http://www.christianlouboutinfemmesoldes.fr iiffltusc [url=http://www.christianlouboutinfemmesoldes.fr]Louboutin Pas Cher[/url] ieuyujdrt
rxrbamwfa http://www.chaussureslouboutinfrance.fr meokqooui [url=http://www.chaussureslouboutinfrance.fr]Louboutin France[/url] agkrechiw