Long USDJPY @ 118.05

Entry: (2006.02.13 5:15 EST)
I opened this long position at 118.05/117.75/118.90 as dictated by my analysis yesterday. All conditions are correct according to my system.

Exit: I got stopped out (at 117.75). The price moved back into the 117.75-118.05 range pretty soon after I opened the position. I guess this should have shown me that the breakout had failed and I should have closed my position. This is two trades now where the breakout failed and I didn't close out. Lesson learned: when the breakout fails, close the position.

-30 pips