USD/JPY Feb 10 2011... it's a HIT!
by Eva
(from Forex Trading Beginner)
Entry point is the middle line, stop is the lower line and limit is the upper line.
After I exited the trade
I made 44 pips from this trade!
I traded off the hourly chart, entering the USD/JPY market on quite a small
mallet formation that had formed on the chart.
I set my entry at 82.732, my stop at 82.510 and my limit at 83.101.
Then I went to bed :>
Woke up this morning to find I'd made a nice 44 pips while I slept. Can it get any sweeter?!