EUR/JPY 30/30
May 16, 2008
The euro yen 30/30 breakout system was unable to bring in profit today. We lost 30 pips for the day. The sell stop was filled at 161.43, but the low only reached 161.28 before the price turned around and hit the stop loss. That was the 30 pips loss there. And then the buy stop was filled at 162.17. I moved the stop loss from 161.87 to break-even, 162.17, when price hit 162.30. However, it went as high as 162.35 before it went south and we were stopped out. In this trade, we were break-even.
