JokesOnMe

GJ long time waiting for that final push to the fib level

Long
JokesOnMe Updated   
FX:GBPJPY   British Pound / Japanese Yen
weekly chart... adding hourly chart in comments. looking on lower timeframes for entry below the fib line around 137

possible 'catching the knife trade' so starting smaal and looking to build every 25 pips
Comment:
rsi and macd almost drowning on H1, but end of month day and friday as well, carefull does it
Comment:
first position LONG 136,70
Comment:
moving stop loss on the first position to breakeven
Comment:
putting second position @ 137,04 at BE
Comment:
Last and fifth position is in averageing longs at 1,37258
putting all sl's on that breakeven + 3 pips
free trade as of now
looking for a "set and forget" trade, with no risk but potentially no profit
Comment:
I was stopped out overnight, only to see it take off again to the upside
indeed a set and forget trade but my stops were too close in this case
one for my learning books
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