Cable and Yen Trade Review- 01/10/07

By Big Pippin

January 10, 2007 11:12 PM UTC in Technical Analysis

Partner Center Find a Broker

Trade Review for January 9, 2007:

GBP/USD

Short at 9370; Stop Loss= 9400; Target= 9340; Target 2= 9300 (Originally posted January 9, 2007)

Result: +30 pips

USD/JPY

Short at market (118.50); Stop at 119.70; Target= 117.60 (Originally posted on January 4, 2007)

Result: -110 pips. The narrower trade balance gave the dollar an extra boost against the Yen to push it to our stop level.

Total pips for the day: -80 Pips

About Big Pippin

This is the true story of one man, picked to live in front of his computer screen and find ways to make money from trading money. See what happens when markets stop being polite and start being real! Using charts, I show how current currency price action is playing out and chart patterns forming.