27/01/2012 – Trading Video – Stopped Out On GBPJPY: +338 Pips – 6.25:1 R:R

January 27, 2012

forex, FX Trading, FXTrader Paul, Trading

I’ve not been blogging many trades or videos so far this year. The Metatrader platform whose charts you’ve seen in my past blog posts has been closed down by my broker as they change their Metatrader supplier.  In the old days you could easily move your profiles & templates from one Metatrader to another regardless of broker supply.  In a Vista and Win 7 environment this is not so easy and you have to hunt through certain files to find these hidden profiles & templates. My laptop has been immensely effective at hiding these profiles & templates leaving me somewhat exasperated as I try to find them and transfer them across.

Another interesting point is the difference in my charts between brokers due to time differences. My main trading computers charts look different from the one I use on my laptop. You may already have experienced this yourself.  With Metatrader that can be due to the brokers choice of feeds whether it be a European or US feed. Ultimately you can only trade what you see in front of you.

Anyway rant over…for now. This video cover a  trade on  the daily chart of the GBPJPY which stopped out overnight and had been running for nearly two weeks.  It was an aggressive counter trend trade which played out nicely and generated 338 pips return for a reward to risk ratio of 6.25:1.  I wish all trades played out like this! 😉 However I’ve learnt to be happy for whatever the market pays me.

I hope January has been a profitable month for yourselves. I wish you the best of luck in your own trading. Until next time, trade well.

FXTP

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About FXTraderPaul

A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!

View all posts by FXTraderPaul

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