CHFJPY 15/09/10

Sell Entry: 84.498

Stop Loss:84.538

T/Profit:N/A

Trailing Stop: 30 Pips

Potential Loss: 20Pips

Potential Profit: N/A Pips

Reason for entry: going for 2nd Top 

Reason for T/Profit: 

Reason for Stop Loss: 20 pips is how much I am willing to lose. Plus, I knew the Japanese government is planning to intervene the currency rate. 

Reason for Trailing stop: 

Result: 
Stopped at: 84.538
Loss: 20 Pips

Thoughts:

19/09/10 - I am happy with the setup. Even though the trades did not go on my way, I am still happy. On that day, the Japanese announced that they will intervene and thus cause the JPY to soar. I made the right the right decision to put the stop loss for 20 pips.

I will do it again if I see the setup, but I have to take into account on the Macro Level as well. It will be dumb not to take that into account. It is like I am being ignorant.