Trade Update - EUR/JPY Short CLOSED

Update 02-29-08 10am:
So the 3rd lot finally hit the trailing stop and we have closed all our positions. The final results are as follows.

Lot1: +50 pips
Lot2: +100 pips
Lot3: +64 pips

Total Pips: +214
Total Profit: $205.81

Update 02-29-08 7:30am:
So far we have hit the 2 target points for +50 and +100 pip profits. The third lot is currently trading at +71 pips as we speak. Stop loss now has been moved to break even.

The Trade:
I am just following the recommendation from the OzFX forum for this trade. The Yen seem to be trading higher against all majors, so I thought this would be good for some quick profits. On the technical side, the AO still showing a green bar for me, but still decided to give this a shot.


Lots - 3
Entry (Short) - 158.9450
Stop Loss - 159.6950
TP1 - 158.445
TP2 - 157.945