Wednesday, November 10, 2010

2010-11-10 EURJPY Live Trade

(This is a live trade shared by Eric Lye in his Forex Trading Blog.  The purpose is to share how we trade and provide the learning points.  Note that there is no absolute right or wrong about a trade, it is all about managing it well)

H4 made a nice turn and bounced off from floor and the trend line.  Zoom into H1 to get a late entry and achieved a 2R trade.  In my opinion, price should be able to ride further, but my entry was not good enough and thus has less options to manage this trade.

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