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CHF/JPY results
By Laetitia Vaval | September 20, 2007
So i just got in the office and checked on my trades from yesterday. Especially, the CHFJPY trade that I “forced” myself not to touch once I had entered it in the system. So my limit price of 98.25 was reached and i made a 24 pip profit ($207). This really shows the benefits of letting the trade work by itself instead of “irrationally” closing my position as soon as it starts ticking a few pips against me. My only regret in this case is to not have set my limit higher because CHFJPY traded all the way up to 98.50 before trading back down to the level where I had bought the pair. Something to consider for my next trade.
Tags: currency trading, dow, forex, forex market, jpy, trades, wall street warriors
Topics: Wall Street Warrior |