Friday 23 April 2010

EURJPY 15m - Short - 1st Trade on JPY

Took this short last night @11:30pm GMT based on the downward look of the 1hour trend. Entered on a swing type trade with 27p stop looking for the end of the last swing at +60.

Firstly 10pips = £3.50 for 0.05 microlots, so may have under leveraged myself on that trade. Probably should be 0.1 micro lots for 30 pip stop loss to equate to my 1%'ish account risk.

Anyway made +40pips, could have had a better exit.

Still need to work at better in-trade management.

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