Forex Journal 000002 USDJPY

Trade

Entry:

          

Date: 15/8/2013 23:30 GMT+7 (Bangkok)

Chart: H4

Type: BUY

Size: 0.02

Symbol: USDJPY

Price: 97.944

Risk: 5%

Reason for trade/Setup:

H4 chart showed the bear trend line. After making a new lower high the market supposed to go down. MACD pointed down on M5 chart.

Initial stop: 98.044

Initial target: 97.744 (award ratio 1:2)

Result

Exit:

Date: 16/8/2013 00:04 GMT+7 (Bangkok)

Price: 97.744

Profit/Loss: 20.0 pips (4.09 USD)

Outcome:

After entered the trade, the price going up almost to hit Stop Lost, then swing down as expected hit the Take profit.

H4 Chart

M5 Chart