Friday, 27 June 2008

Price Whipsaw Friday

100-pip System
Dynamic entries: 2
Current profits:
GBP/JPY out
CHF/JPY +10

My quote system has confirmed that the the GBP/JPY trade was out by 0.7 pip after the 1.30 news releases. 'Unfortunately', the price recovered from there on and hit our initial profit target of 40 pips. I entered the position slightly too late. Hope you could pick a better entry level than me and withstand the price whipsaw.

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