Tuesday, December 9, 2008

And the idea is...

...if EUR/JPY gets back above last hour's high, I am a buyer with a stop at this hour's low.

Pending order(1): Long 3,674 EUR/JPY at 119.50
Pending order(2): Short 1,837 EUR/JPY at 120.24
Initial stop: 118.76
Initial exposure: 74 pips, $29.70 or 15.00%

Current closed equity: $198.00
Current position: flat
Current exposure: 0

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