Monday, January 7, 2008

Manual Trade

Although this blog's purpose is to track the performance of FX-Auto and TAB's signals, it is also to track the performance of my auto-trading account in general. I will not make a habit of taking many manual trades, but I did take a long position of 2 mini lots GBP/JPY from 213.90 late in Friday's trading. I will not discuss my reasons for this trade because I don't feel they are applicable. I would not discuss it at all, but it will inevitably have an effect on my auto-trading account balance and I want to account for it.

Right now, GBP/JPY is trading at 214.95 so I am sitting on a nice 105 pips profit. I plan to hold this trade for awhile and possibly for a final target of 219.90, but I will evaluate this on a day-to-day basis.

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