EUR/JPY 30/30
September 11, 2008
We broke even today with our euro yen 30/30 breakout system. I moved the stop loss too quickly and got stopped out right away. Had I not moved the stop loss, it would have turned out to be a profitable trade. The sell stop, 149.60, was filled at 7:11 GMT. Within minutes, the price went south quickly and was in our favor. It hit as low as 149.32 (offer) and was merely two pips shy away from the take profit target. The price began to rebound from that point. I decided to move the stop loss to the entry point of 149.60. At 7:19 GMT, only 8 minutes after entering the trade, the order got stopped out - zero pip today.
