Wednesday 22 October 2008

FX MoneyMap - tough day at the office



Very volatile, low volume market today. Traded USDJPY (and a tickle at EURJPY) off the FX MoneyMap Grid. Excellent entry but had to suffer some pain as the trade went 70 pips negative at one point.

chart 22/10/08


Results 22/10/08


I stayed in because the setup hadn't changed. The trend remained down. Even with the spike up to 99.33, USDJPY was still waving down with lower highs. I used the spike to simply scale into the trade as you can see from the results. 20 hard-earned pips, I thank you!


Regards
Morty Sill

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