Friday, November 8, 2013

AUDJPY - 8th November 2013 - Day trade #1

This trade failed. Went short at 92.777 but got taken out at 92.825.

I went short when I saw a high-volume, low-volatility candle appaer off 92.800. The AUDJPY generally likes to behave in 10 pip moves, so I thought this was a good area to go short after the bounce from 92.700. 

Net pips lost = -4.8 pips - 0.55 pips commission = -5.35 pips

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