My USD/JPY Trade (06-03-2008)

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

Hi everyone,

I shorted the USD/JPY (06-03-2008) at the price line of 103.40 at 4:44pm (Singapore Time) | 8:44am (GMT).

Price action movements and cannot break above the weekly pivots plus my secret analysis.

Stop loss at 103.65 (25pips) and Target Profit at 102.50 (90pips). Risk : Reward = 25 : 90 = 1 : 3.6

When I was around 30pips in the money, shifted my stop loss to protective stop at 103.39 (1pip in the money)

Next day (07/03/2008), I woke up at unbelieveable 6:00am (Singapore Time) | 10:00pm (GMT) in the morning because I have my HDB appointment at 8:15am (Singapore Time) | 12:15am (GMT) and I want to beat the PIE traffic.

Anyway, 6:14am (Singapore Time) | 10:14pm (GMT), the market was like 7pips away from my target price so I shifted my protective stop at 103.39 (1pip in the money) further to 103.10 (30pips in the money). Left the house at 6:40am (Singapore Time) | 10:40am (GMT).

My HDB appointment went well. When I was sitting in front of my laptop, found out that my target has already been triggered at 6:49am (Singapore Time) | 10:49pm (GMT), just after I left the house :P Hehehe.

90pips profit for this trade :)

Peace and trade safely everyone...