Friday, November 30, 2007

The Pyramid; GBP/JPY


H4 GBP/JPY Chart

I have just closed in half of my previous 0.42 lots of GBP/JPY, locking in a $7.80 profit. Also, I have moved up my s/l for this trade to my breakeven point at 227.10.

I'm looking to pyramid 0.53 lots more on GBP/JPY at 227.60 with a s/l at 227.10 and a t/p objective at 228.60. For now, I shall just wait for prices to hit my buy limit.

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