EUR/JPY has finally started rising a bit, exposing a low to be shorted. I am willing to risk 1/2 of the open profits that will be available if the pair reaches that point again. Spreads are high right now, so I'm actually counting the low 8 pips beneath the number on the chart. I've sized appropriately to give myself 100 pips of leeway. Again, if the pair should fall 100 pips from my entry, I will cover half the position and leave the stop on that portion where it is.
Pending order (1): Short 3750 EUR/JPY at 133.28
Pending order (2): Long 1875 EUR/JPY at 132.28
Initial stop: 134.28
Initial exposure: 100 pips, $37.50 or 12.66% (of total equity at entry)
Current closed equity: $221.33
Current open equity: $280.04
Current position: Short 1932 EUR/JPY at 137.25
Current exposure: 75 pips locked in, +$14.33 or +6.92%
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment