Forex Journal: Trades Review for April 27, 2010

Hello guys! Today, I took two trades—both ‘bearish’ to GBP/JPY. My first trade made 10 pips while my second trade 54 pips. Not bad?

Original Trade Setup:

Trade #1
bearish divergence

Entry: 145.33
Stop loss: 146.08 moved to 145.23
Take profit: 144.33

Trade #2

GBPJPY Trade - April 27, 2010

Entry: 144.89
Stop loss: 145.89
Take Profit: 143.40

=-=-=-=-=-=-=-=

I shorted GBP/JPY at 145.33 after I spotted a regular bearish divergence both on 1-hour and 30-minute charts.

I hope I was not imagining things!

To cut this long story short, GBP/JPY went along my way – without me watching it. And when I peeped in later, I saw the glowing 55 pips in my account. Oops, it wasn’t the end yet. I didn’t want to close my trade until I reached my take profit so I decided to move my stop loss at 145.23. Ha! My bad luck slammed in when my second stop loss was hit. Oh well, I was kicked out of the market with 10 pips. :P *not bad*

My second trade was patterned on my first trade. I re-entered at 144.89 targeting 143.40. But same behavior as last week, I closed my trade rather early. :( So I missed another opportunity to swim in pips. Ha!

swim in pips

View my trading account on mt4pips.com

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  1. [...] Forex Journal: Trades Review f&#959r April 27, 2010 | Forex Mistress [...]

  2. [...] This post was mentioned on Twitter by B.M. Davis. B.M. Davis said: Forex Journal: Trades Review for April 27, 2010 | Forex Mistress: To cut this long story short, GBP/JPY went along… http://bit.ly/apBeb4 [...]

  3. [...] account was plumped back to having $240.75. I posted my trade review for April 27, 2010 here. Please, look for my trade last April 29, 2010 at my mt4pips.com [...]

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