Trade Review: USD/JPY

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It looks like we got off to a good start for the month of December as we won our first trade. We used a different position management technique on this trade. We shorted one lot instead of the usual two and incorporated a wider stop loss level. This new trade style helped us weather a correction in USD/JPY before it dropped again after the weak ISM Manufacturing Index number at 10:00 am EST on Friday, and we managed to hit pt2 for +60 pips!

Lot 1: pt 2 achieved +60 pips

We will continue to use this new trade method as long as the current trade environment continues. Please read the posts carefully as I may often switch between both the old and the new trades styles.

4 comments

  1. Pipcrawlerpipcrawler

    Hello Crystal Clear Amir,

    We don’t currently have an economic calendar in the new version of BabyPips.com, but it’s one of the features we will be adding very soon, hopefully!

    Reply
  2. Pipcrawlerpipcrawler

    Hello Crystal Clear Amir,

    We don’t currently have an economic calendar in the new version of BabyPips.com, but it’s one of the features we will be adding very soon, hopefully!

    Reply

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