EURJPY Short, May 10, 2010
Remember: The purpose of these trade alerts and watchlists is to keep discussion going about what’s going on in the marketplace. It is not my intention to have you trade what I trade, simply to tell you which trades I take that we’ve talked about at the WLWs.
In order to make this the best learning opportunity for you, it’s important that you share your thoughts and ideas on the charts, fundamentals, psychology, or whatever you need.
Click to enlarge
I did enter the E/J trade we talked about in this morning’s WLW.
I’m in my first tester position and I’m aiming for the secondary low of 114.75, however, 118.50 may make a better PT for shorter term traders.
Be careful of your R:R, however as I’ll be keeping a deeper stop above the high at 122.50 to if you’re going for PT a stop above the current candle, may make more sense.
Trade according to your own rules!!
Be good to you!
Triffany
Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at 
My rule for this week: Had very good week last. Have had great day today! So, rule for rest of week is play it very safe. OK to make a little… Dare not loss a dime…… grhh
long usdcad, short: e/j, g/j, n/u (tester) cutting my TPs to increase probability of making the TP.