Trade Update - EUR/JPY Short CLOSED

Update 05-06-08 11:10 pm:
As its been happening lately, soon after I entered this pair, the price moved sideways for a while before reversing and going against me. Since I had another trade open in this pair in the long direction, I decided to close this trade near break even.


Trade Results:
Date: 05-06-08 11:10 pm
Result: Manually closed trade.
Total Pips: -28
Profit/Loss: $25.72
Rating: 5

Reason/Setup:
I am already in this pair long. But I got this signal from the OzFX setup on 1 hour chart, It seem to be one of those perfect signals that I always miss on the lower time frames. Previous price candles show good volume. Stoch has crossed below 0 and the lines are wide apart. And both AC and AO show red bars.

The M30 time frame also shows a move down. I have set my target 30 pips away.


Trade Details:
Date: May 06 2008, 7:00 pm
Entry: 162.534
Lots: 10
Stop: 162.834
Target: 162.234