Home > Uncategorized > USDJPY 5 mins (+4 pips)

USDJPY 5 mins (+4 pips)

Alright got a decent signal from USDJPY. The other yen crosses are too wild for my preference tonight.

Stop loss above 84 (Round number resistance + SMA200)

Target @ recent swing low, R:R approx 1:1.2

Here’s how it looks like:

All indicators good to go. Traded half of usual as I’m about to go to bed and I do not wanna lose sleep over this trade.

Shall be pleasantly (or grotesquely) surprised in the morning. Out~

Subsequent Update

Manually closed out again for 4 pips gain. Do not be afraid to close out a position when the initial conditions that triggered the trade have been violated. My current strategy is trend following and clearly the trend has died out on the 5 minutes chart for now.

No sweat. Moving on..

Advertisements
Tags: ,
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: