The Pound/Yen trade (click here for original trade idea) opened at the end of the 2000 EDT hour bar last night. I was short the pair at 146.10. The pair moved up and down a bit before hitting the +100 pip mark just after 0300 EDT this morning. I moved to break even at that point and put a 20 pip trailing stop on the trade. At this posting (just after the close of the 0500 EDT bar) the trade was +282 pips. It looks like its going to retrace somewhat, but could still turn around and head south again. I'll keep you posted.Happy Trading!
