Live Trade Has Closed – March 7, 2013

This trade has come to an end. Price bounced off the lower, weaker trendline overnight but broke through and is now bouncing off the strong upper trendline.

usdjpy-3-6-13-3

Since this is an “against the trend” trade it’s not very likely to go any higher, so I’m closing it out.

Here are my numbers:
Entry: 1.3000
Stoploss: 1.2960 (40 pips)
Exit: 1.3111 (111 pips)

If you followed proper money management techniques (which you always do, right?) you should have made a 5.55% return on this trade, if you had the same entries and exits as me.

Phil

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