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18 Mar 10 : Shorted GBP/JPY

Shorted GBP/JPY when it started to show Lower Lows and Lower Highs. Trade started off with a big loss as the price rebounded back but in the next 3 15 mins candle, it dropped and gave me 60 pips profit. I then protected 30 pips profit and expected it to drop further. I was aiming for 100+ pips profit for this trade as the strength of the red candles were pretty strong. Unfortunately it rebounded very quickly in the 4th candle and I was out with 30 pips of profit. It is okay. A profit is a profit :) Blue = EP = Entry Red = SL = Stop Loss Orange = Exit Point = Profit Protection Hit

 

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