Trading the gbp/jpy can be made easy by joining the www.fx500club.com and learning by watching them trade their charts Live!

Archives for February, 2009

Entered this guppy trade at 139.60 with a well protected stop loss behind the red moving average, above the 140.00 level at 140.30 and behind the resistance of the movingaverages above me. The cci21, 84, and 7 were all heading down nicely. My stocastics had crossed downwards as well, lovely trade.

Targets were previous lows to the left, levels of old support. Took partial profits at 138.65, let the rest run until 138.05, just before the natural support at the 138.00 level.