My USD/JPY Trade (11-02-2008)

*Attached charts (Before) and (After). Click on it for the enlarged version.

Hello everyone,

My trade today on the USD/JPY. It is Japan's holiday today but I waited for the European session :)

Initiated a short postion at 2:59pm (Singapore Time) | 6:29am (GMT) at the price line of 107.10.

Did my secret analysis and I went for it.

Short it and my target profit was at 105.90 (Last Thursday's low) and stop loss 107.36 (Around 23MA). At around 5:45pm (Singapore Time) | 9:45am (GMT), I was like 40+pips in the money and I shifted my stop loss to protective stop at the price line of 106.90.

So, I went out and I just came back and it is now like 10:41pm (Singapore Time) | 2:41pm (GMT). My protective stop has been triggered at 8:53pm (Singapore Time) | 12:53am (GMT). 20pips profit for this trade :)

Peace and trade safely everyone...