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Thursday, May 29, 2008

100 pips on GBP/JPY


Despite the fact of 9-pips bid-ask spread on the GBP/JPY, I bought into the currency pair using one of my mechanical strategy.

Expecting a risk-reward ratio of 450% (PT-180/SL-40), my trade did not exit at my predetermined PT or SL. Instead, I closed it manually at 100 pips. Not bad, still 250% RRR.


GBP/JPY - Long @ 206.40, Closed @ 207.40 (100 pips)

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