USDJPY INSIDE BAR

ENTRY 111.53
SL 111.13
TP 111.94

RR 1:1

Note

Note

Price is breaking out from the inside bar but on the opposite side than what I expected (due to my working bullish USDJPY trade).

I will take this short trade anyway (sort of hedging) because if I win this trade will win RR 1:1. This means I will lose my long trade from yesterday but at least I will be BE in profit.

If on the other hand I lose this INSIDE BAR trade, it means that trend is reversed again, and I could win my long trade, with RR 1:2. It would mean that I have earned a profit 1:1 what I risk per trade. (e.g. this trade I lose 2%, but win my 1:2 long trade 4%. +2% in total)

Trade active

My short Inside bar trade is active.

RR 1:1

entry 111.15
SL 111.53
TP 110.75

Note

BTW my LONG inside bar has never been triggered.

Trade closed manually

I have closed this inside bar short trade at BE because it went in profit around 75% of my TP and went back. Since I still belive more in the bullish trend I decided to leave only my long trade open.

Note

I HAVE CANCELED MY inside bar LONG order as well.

Note

Inside bar SHORT trade which I closed at BE hit the target eventually, furthermore, my main Long trade is still valid, SL wasn't reached yet.

mundusmercans

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mundusmercans