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U.S. Dollar / Japanese Yen
Short
Updated

USDJPY Short 1:1 RR Day-trade

74
Orders set. First trade of the day. Will see how it goes.
Check the RR tool for entry and stop numbers.
Trade active
In. Always keeping an eye out for an early exit.

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Trade active
Moved stop to 138.520. Risk almost removed.

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Note
Moved stop to 138.510 almost fully breakeven stop.

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Note
Moved stop to 138.500. Fully breakeven. Letting it run now to the target or to 0.

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Trade closed manually
Closed for +0.38.
Price tapped our target, but due to spread it was missed by a fraction of a pip.
At that point the RR ratio skews greatly to the negative side, and it's much better to lock something, instead of letting it come to BE. All good.

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On to the next one.

Lightwork_
Note
Once again a profitable managed early exit.
Price did reach breakeven point. So in that case our decision to close early netted us an extra +0.38. Not bad.

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Lightwork_
Lightwork Trading
Also on:
Multiple Time Frame Analysis

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.
Multiple Time Frame Analysis
Lightwork_
Lightwork Trading
Also on:

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.