Trade Update - USD/JPY Short CLOSED

Update 04-01-08 7am:
After days of struggling and trading within a tight range, this pair finally hit my stop loss today. Not sure why, but the equity markets showed surprising strength today and helped the Dollar rally.

Total Pips: -540 (180 * 3)
Total Profit: $535.53

Update 03-26-08 4:45pm:
We now got the short signal for this pair on the A-MACD system. So that reaffirms my trade. I am hoping to be able to close at least 1 lot in today's session.


The Trade:
Once again going with the dollar weakness story. Shorting this pair.

System:
This trade was signaled mainly by the HAS system on 4 hour charts. But it was also confirmed by "My System" on daily charts.

Reason:
Dollar weakness story. With the equity markets moving down today, it will help. The HAS system shows multiple red bars across various time frames. AO is also red and about to cross 0. We also see that the Stoch, RSI and %R indicators are moving down from oversold territory.



Rating:
I would rate this trade a 3 star due to the following reasons:

• I was late in entering this trade based on HAS system which has made me miss atleast 80 pips.
• I am not sure how well my modification to OzFX system to enter trades work.

Entry & Exit:
Lots: 3
Entry (Short): 99.07
Stop Loss: 100.87
TP1: 98.57
TP2: 98.07