USD/JPY Positon Closed for 10 pip Loss

My long USD/JPY position closed last night after the Stop Loss order was triggered for a 10 pip loss.  Details of the trade are below:


July 7, 2014

• Bought USD/JPY @ 101.844
• Limit Order = 102.456, SL=101.756
• Potential Gain:  60 pips
• Risk:  10 pips
• Result:  -10 pips (July 7, 2014 after market close,  SOLD @101.756, stop loss order  triggered)
• POSITION NOW CLOSED

For more information and analysis on this trade see Forex Focus Daily, and Forex Focus Weekly, available to clients with accounts with Forex.com.

Performance Summary:
Today:  -10 pips
This month:  -10 pips
Cumulative (since June 23, 2104):  +50 pips

Portfolio: 
Short EUR/USD @ 1.36057, July 7, 2014

Limit Order = 1.35758, SL=1.36358

Potential Gain:  30 pips

Risk:  30 pips

Open Orders:

• July 7, 2014, Order to Buy USD/CHF @0.88832, good until cancelled
• Associated Orders:  Limit Order = 91.5, SL=0.882
• Potential Gain:  267 pips
• Risk:  63 pips

Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.