20 June 2008

USD/JPY - SELL 2 lots @ 107.79 + 10 pips profit

Hello again my friends,

Today was a tricky day as I suspected. Fridays are always tricky so if you are not experienced better get out and have some fun than trading :D

Here is the chart for today's trade:



Entry point: 107.79 SELL Order with 2 lots
SL: 107.87 + 10 pips + 0 spread = 107.97 (never reached)
Time of trade: Approx. 15 mins
Target hit: 107.69

Profit: 10 pips x 2 lots x $10 per pip = $200

That was all for today, always be careful for those retraces (as you can see in the picture, price jumped back in RegChannel)

Have a nice weekend !

Happy PIPpin' !

2 comments:

Kevin said...

Hi, impressed with your sharing here..
could you recommend some good forex trading platform?

rgds,
Kev

PIPologist said...

Hello Kev, I am using MigFX platform. You can download it from metaquotes website for free and get a free demo account. For trading I suggest using the broker that takes commission for each trade and give you 0-1 spread than those who steal from your account using large spreads. Bad brokers are those who give you on EUR/USD, GBP/USD and USD/JPY 4 or more pips spread. Recently I discovered that ClubFx has 2 platform, one that gives you 0 pips spread on main pairs and take comission and one platform that is using spreads and no commision (spreads from 2-3 pips on main). Take care.