Short

Updated

USDJPY Short 1.4:1 RR

After banking on EURUSD we have a USDJPY trade lining up.
Ideally we'd have it break down further, but the pullback already started so we may still get a trade. Will see how it goes.

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Pullback isn't commencing. But, it's okay.

Order cancelled

Order removed for now. Will update if price develops further.

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Reset order as follows. 9.5 pips stop.

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Pullback commencing.

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Once again - didn't yet get tapped in. Spread.
Waiting.

Trade active

Now did. We're in.

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Being alert. Early exits are always possible.

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Good 4M close. Holding.

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Nice, moved stop to 140.300. Reduced risk by 80%.

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Good 15M close.

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Inching in.

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Not optimal. Holding though.

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Good close.

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Not the best 15M close. Getting some tingling that trade might not work out.

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Yet we closed below 4M50.
At this point just holding. Either little loss, or price will turn around. Closing now is premature.

Trade closed: stop reached

Out for -0.19.
Not bad, not good. But overall good management.

Trade active

Entering this USDJPY trade again Live without order as it seems it can make its move down now. Although this one is a bit riskier as price hasn't actually made its move immediately. So, we are super-tuned to exit as early as possible if it goes into negative territory. Will be updating this trade here too.

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Good 4M close. We need a quick push to the downside so that we can reduce risk as soon as possible.

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Price doesn't look the most optimal as EMAs are stacked against us.

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We break to 140.240 - cutting risk in half.

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This 4M closes similar as it looks now - we'll exit.

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Not similar. Still holding.

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Price is experiencing a mix of pressure from both sides. Wants to go down, but Long EMAs are pushing it up. We need some sort of break below lines to start the roll-over to the downside. Will we get it?

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If we at least get a firm 1M close over 200EMA, that would be nice too. As of now 1M only rejected 200.

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4M closed well.

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Good 4M close.

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Still paying very close attention for super-early exit if price even remotely does what I don't like it to do. So far it's acceptable.!!

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Another good 4M candle.

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The line in the sand is this 1M/4M downward sloping pattern-line.
We close above it - we are out.

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Downward pressure coming from it.

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Out -0.32.

All good.

Done for the day. +1.3 - 0.19 -0.32. Pretty good week overall nevertheless.

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Lightwork_

Lightwork Trading

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Lightwork_

Lightwork Trading

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