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Old 10-23-2007, 03:06 AM
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topchess topchess is offline
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Join Date: Dec 2006
Location: Cairo, Egypt
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Stopped out on last trade -45

Price action is very tricky.

Went short again as the 60-hourly MA was tested near 234, but then the pair retraced to 233.

233.11 , stoploss 233.56 (-45)

GBPJPY is very tricky today, non-trending. just moving up once, and down once.

We put tight stop even though, the hourly close is so bearish, adding few odds to downside to bigger downtrend in play now. Also, 234 is psychological plus 60 hourly ma.

234.50 is next resistance on upside (Daily 50-70 MA)

Still a high risk trade. daily sto point up.
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