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.
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