U.S. Dollar / Japanese Yen
Long
Updated

USDJPY 1:1 RR Day-trade

66
After getting out of a short attempt price is setting up for a quick trade long. Orders set.
Note
Price moving up, but without a pullback for us. Will keep the order on for a few more minutes.

snapshot
Trade active
Tapped in.
Overall a good trade, but at the same time can easily drop as overall price is bearish. So keeping an eye out for early close.

snapshot
Note
Not a good 4M close, let's wait for 15M to close.

snapshot
Trade closed manually
Out for -0.25.
snapshot
Note
Once again, exitting early - Pays.

My edge comes from being Light, and not marrying a trade. The moment it doesn't look good - I exit it. Thus, even today, instead of -1 -1 for a total of -2. I get -0.38 and -0.25 for a total of -0.63.

Obviously sometimes I will be wrong and a -0.4 trade will turn around and make a +1. But that is OK with me, as strike rate is quite high.

snapshot
Note
Readjusted

snapshot
Note
Broke low swing again. Readjusting.

snapshot
Note
Oops last 3 updates were meant for a newer trade. This one is out for a loss.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.