Trade Update - EUR/JPY Long CLOSED

Update 05-05-08 6:10 pm:
As soon as I close the position, the price runs up again. This is the fate of my FX trading career. Always on the wrong side of the trade. I need some patience to prevent me from getting killed.

Update 05-05-08 6:05 pm:
What an unwanted trade. I just could not resist getting into a trade and jut sitting tight with the position I have. Within minutes, the position went against me, and I had to close it manually. I did not wait until the stop was hit.

Total Pips: -166
Profit/Loss: $158.47
Rating: 2

Reason/Setup:
I already have a short trade on this pair, but on the H4 chart. But now the Elite and HAS system has signaled a buy for this pair on the H1 time frame. So I am entering this trade as a hedge to the other one. Lets see how it goes. The stop is 40 pips away and the target is 30 pips away.



Trade Details:
Date: 05-05-08 5:45 pm
Entry: 162.719
Lots: 7
Stop Loss: 162.319
Target: 163.019