Short

Updated

USDJPY Short 1.4:1 RR - First Trade after 2 week rest

Orders set at 143.969. 30 pip stop.
First trade after coming back from vacation. Liking it so far.
Early exits are possible, always remember.

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Pullback is still developing.

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Price is wanting to go without us. But the pullback to entry is still possible as we haven't yet broken the previous swing. Although now it's more likely that it will do so.

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Close to entry.

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Pullback very close. Still waiting.

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1 pip off of entry. Didn't get tapped in. Still holding.

Trade active

Entered. 144.265. Good hold for pullback.

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Good 4M development. Holding. Vigilant.

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Very good movement in our favor. Holding for now. Vigilant.

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Bad close on 4M, however price rejected the trend-line. So trying to hold for now, but very vigilant for Early Close.

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Dropping. May get an opportunity to move stop soon to reduce risk.

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Price formed a line like that. Ideally we now need to break it.

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Moved stop to 144.055. Reduced risk from -1 to -0.3. Very nice.

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Moving very well.

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We're getting the 4M200EMA rejection. Closing early for little profit is in the cards too. Still holding for now though. Will see.

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Getting some movement in our favor though.

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Not good. Thinking to close. But holding for now. Vigilant.

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Can't close. No good opportunity. Holding.

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We will close in 6 minutes if 15M closes like that above fast EMAs. Otherwise we'll either get a full -0.3 loss (reduced risk) or will get a move in our favor.

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Good 15M close. Holding.

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Moved stop further to 143.993. Reduced risk further from -0.3 to -0.1.
Great.

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Closed below 4M200. Very good. Still holding.

Trade closed: target reached

+1.1. Manually exited at 143.637 as price barely missed our target. At this point holding means skewing RR ratio against us. So good exit.

Lightwork_

Lightwork Trading

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Lightwork_

Lightwork Trading

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