EURJPY 15/9/10

Sell Entry: 109.772

Stop Loss:110.0

T/Profit:N/A

Trailing Stop: 30 Pips

Potential Loss: 23Pips

Potential Profit: N/A Pips

Reason for entry: going for 3rd Top 

Reason for T/Profit: N/A

Reason for Stop Loss: Minimise risk

Reason for Trailing stop: Less than the movement of recent candles

Result: 
Stopped at: 110
Loss: 23 Pips

Thoughts:

19/09/10 - I am not that happy with the setup. Since the SINE wave is not as smooth and big as AUDUSD. However, at the time, I placed the trade, I thought this would be a pull back before it went down again and thus I entered the trade. However, due to the JPY government announcement, my trade went fall apart.

I will do the trade again but I have to watch out for the news/warnings.