Euro / Japanese YenShort
EURJPY (closed)
Trade Management:
- After a very bumpy start to this trade with huge wick rejections from the downside, I decided to hold this trade as my analysis still lined up with the short.
- After hours of frustration and indecision candles price finally made a push to the downside 10 pips, originally I brought SL to breakeven due to what the candles had been doing prior however I eventually decided against doing that and allowing the trade room to breathe.
- Thankfully I did this as the price rose back up to entry before dropping a further 15 pips.
- At this point, I had been in the trade for over 8 hours and I decided that I would pull the trigger and close the trade here with +1.5% for the day as I did not want to have to keep monitoring this trade over night.
- I did think about bringing Sl into profit and leaving it overnight however I felt the price was going to rise back and I was just giving away profit.
Result
+1.5%
- After a very bumpy start to this trade with huge wick rejections from the downside, I decided to hold this trade as my analysis still lined up with the short.
- After hours of frustration and indecision candles price finally made a push to the downside 10 pips, originally I brought SL to breakeven due to what the candles had been doing prior however I eventually decided against doing that and allowing the trade room to breathe.
- Thankfully I did this as the price rose back up to entry before dropping a further 15 pips.
- At this point, I had been in the trade for over 8 hours and I decided that I would pull the trigger and close the trade here with +1.5% for the day as I did not want to have to keep monitoring this trade over night.
- I did think about bringing Sl into profit and leaving it overnight however I felt the price was going to rise back and I was just giving away profit.
Result
+1.5%
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