Open trading account 
This is really not the best way to start in the Trader Contest but unfortunately I got stopped out on my short GBP/JPY trade (see Figure 1). It seems that I let my bias to interfere in my trading decision. I just had this bias the GBP/JPY should break lower for more than few hundreds of pips and the idea of having a possible big profit had stopped me to see the price action and the fact that there may be the case that I'm wrong.
Now my job is even harder as I'll have to recover from this big DD, but I won't give up and try to do my best.
Currency Pair: GBP/JPY
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 173.1492
Close Price: 173.9305
PnL: -78pips
Open date: 01.09.2014 08:36:19
Close Date: 02.09.2014 05:26:06
Reasons Behind the trade: I only got short because I see a tremendous opportunity if we break lower but unfortunately instead of waiting to break from current range and have my confirmation I got in and got burned out Another reason was that cable was very bearish and GBP/JPY has not been following cable so I thought it need to catch up with cable.
Best Regards,
Daytrader21
Now my job is even harder as I'll have to recover from this big DD, but I won't give up and try to do my best.
Currency Pair: GBP/JPY
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 173.1492
Close Price: 173.9305
PnL: -78pips
Open date: 01.09.2014 08:36:19
Close Date: 02.09.2014 05:26:06
Reasons Behind the trade: I only got short because I see a tremendous opportunity if we break lower but unfortunately instead of waiting to break from current range and have my confirmation I got in and got burned out Another reason was that cable was very bearish and GBP/JPY has not been following cable so I thought it need to catch up with cable.
Figure 1. GBP/JPY 1h Chart
Best Regards,
Daytrader21
