Shorting The Beast

See chart for my levels. Since GBPJPY has a huge ATR (that´s why it is know as "the beast") I will be reducing my position size on this one around 50%.

Good trading.

Note

Keep in mind that Stop, entry and targets maight change as the KS value changes

Trade active

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Moved stops to break even as we got very close to targets and did not hit them and GBP is gaining some momentum now

Note

Ok so this trade has become interesting. What before was a downtrend has now become a range market. I am keeping my short position but if we have an upside breakout of the range I will close the trade. If the range breaks to the downside that is great and we will keep our short trade open as usual. Here is what I mean:

Note

Finally we hit targets! I just got a second entry on this pair.

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And again target hit... amazing. Now we have 60% of a position trialing stop.

Note

Trade closed: target reached

All positions closed now, trailing stop hit, good trade this one

Gluckmann

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