Quote from gtholia:
made a decent 140 pips on the way up...got stopped out on my trailing stop at 152.66...my view was on 152.5 when i got in, and after it breached that i kept a 20 pip trailing stop as and when I could (not a full time trader, check and change positions ~2 times a day).
Current position (and I know that this will imbibe vociforous laughter) - short eur/jpy - 2 day view starting now and till friday close....entered at 153.13, stop loss 153.5, TP: 152.8 (hoping the 153.4 pull back plays out again prior to weekend).
If Eur-JPY trades through 153.5, then will look to reverse - but not on friday. Observe the close tomorrow.
Ciao