Lightwork_

USDJPY Short 1.4:1 RR

Short
Lightwork_ Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Order is set. 6.6 pips, very quick.
Might be good though.
Comment:
We're pulling back.

Order cancelled:
Removed order. Price broke swing, trade is invalidated.

Trade active:
Got in like that after the drop. Line in the sand - dotted line. Basing on 1M chart. Quick trade. 9 pip stop.

Comment:
Closed below. Still holding. Very quick to exit.
Comment:
Still below. Keep holding. Very quick management.

Comment:
Still below. Keep holding.

Comment:
Good close. Break below the dotted line = moving stop.

Comment:
Moved stop. Risk reduced from -1 to -0.31. Clean. Holding.

Comment:
We break further down - we move stop to BE. As per the 1M market structure.
Comment:
Moved stop to 144.604. -0.1 risk now.

Comment:
We break further down - moving stop again to proper BE. Holding.
Comment:
Or we get a break above this short-term pattern line - and will be out as well.

Comment:
Moved stop to 144.580. +0.13 at the stop. Well played.
Now either full profit or +0.13 at the worst. Or something in between if we get a close above the line.

Trade closed manually:
Out for +0.2. Closed above pattern line.

Comment:
Our strike rate on Early Exits is pretty good =]
Comment:
Good start of the day.
On to the next one.

Lightwork_

Lightwork Trading
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.