01.14.2010: POSSIBLE LONG IN USDJPY PAIR; TRADE NEVER ENTERED. I ENTERED THE ORDER FOR DAY ONLY, NOT GTC

I looked at the USD index and it shows that the USD is coming back into an area of support around $76.00. Then looking at a correlative, the USDJPY may be reaching support, too. Click on the chart to the right to enlarge it and look at the setup. My set-up for this trade is going to be as follows: Entry: 90.55 Stop loss: 89.85 (70 pips) T1: 91.8 near 38.2% Fib retracement (as seen on the second chart) T2: 92.50 near the 61.8% Fib retracement T3: 94.50 which is near the 127% Fib extension I am not too happy. I did not have a GOOD TIL CANCELED order when I placed this order. I would have entered the trade and as of now it would have been in positive trade as of now. (1/19/10) . Lesson learned: Use limit orders, but make sure you have a good til canceled order or good til day order.