FX:AUDJPY   Australian Dollar / Japanese Yen
245 9 7
Very nice level to pivot long off. Only problem is the little bounce we made friday evening. Will be very cautious and take an early exit if we get problems getting through. Level is also visible on the D1 with a breakout from consolidation.
Trade active: Order filled
Comment: Moved my stop up to 79.6 securing a 1R
Trade closed manually: Out at 79.83 for a profit of +1.3R gain
Just thought it might turn at the open of Sunday. And to be honest I was was up 37 tics. And last week I had a couple of +30 or so trades turn on me and take me out break even. And part of my plan this week was, if there is a level to bank a reasonable amount...take it. Working with a tiny account and trying to build it. Any thoughts advice, I'm all ears :-)
+1 Reply
Gustav.Mejlvang PRO moreoverthere
Age old recency bias and breakeven moves lol. Well, not really hehe. Get some more money somehow. If you can build a decent (or just positive) track record over a years time I'm sure you can get backed. But proces is way more important than pnl in the short term. Yea, you probably know that..
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moreoverthere Gustav.Mejlvang
Yup...piker moves for sure lol.
Appreciate the words of advice, always!
So would a backer want to see % return over a year, % win rate(with obvious plus pnl)...I'm guessing the answer is both :-)
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Gustav.Mejlvang PRO moreoverthere
Yeah, statement from broker and some stats. What's your twitter handle?
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moreoverthere Gustav.Mejlvang
+1 Reply
moreoverthere Gustav.Mejlvang
Congrats on the PB as well...105kg...impressive.
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Gustav.Mejlvang PRO moreoverthere
Thanks mate!
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Great trade...took it with you. Bailed at the open price of Sunday night :-)
+1 Reply
Gustav.Mejlvang PRO moreoverthere
Thanks. Stop could have been a lot tighter, but was just worried about the squeeze and the naked level below.. Why bailing there??
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