GBPJPY Trade (target hit)

GBPJPY Trade (target hit)

Image | This entry was posted in Uncategorized. Bookmark the permalink.

One Response to GBPJPY Trade (target hit)

  1. FXTraderPaul says:

    Hi George,

    Nice trade set-up! You had technicals supporting the relative strength matrix. The entry and risk management was good enough.. My learning point would be on the targeting. Going for a 0.6R trade is not what we’re about. It doesn’t make sense. I know that your text states that you were worried about Syria – which becomes a personal risk to reward conversation. However looking for 0.6 isn’t really worth it. The GBP was strong and the JPY was weak. This was a trade to run until either a good target or till just before NFP the following Friday. I’ll send you an email with chart to show you.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.