FX:GBPJPY   British Pound / Japanese Yen
91 5 1
A very quick trendline breakout after BOJ looking for 154
Trade active: I'm moving stop to 159
Trade active: move stop to 157
Trade closed manually: Target is very close but I prefer to get out this trade
It will hit 159 before it drop back down buddy.
Windwaker cleven1215
probably..I should keep stop above 160 but is too large stop for me, let's see many news are coming out
cleven1215 Windwaker
I suggest you to place another BUY order, same lot size as your sell order. So you won't losing that much. Once it reach 159 or above then you could close your BUY position and place another SELL position on that point. Thats how i manage it when market against me. I sell GJ at around 158 last 2 week ago with 1.20 lots and i know it will go up and i place another 1.20 lot for buy and then i closed the buy last 2 days and now it drop back down so i end up with no lose and profit few thousands from it.
Windwaker cleven1215
Thanks cleven1215 I appreciate your strategy and your suggestions but I follow a strategy with very strictly rules, if I get stopped out is fine, a loosing trade is ok I will get new opportunity, I can only enter after some few conditions otherwise I stay out and wait next week.. so far I'm doing good and I'm stick on it :) https://www.myfxbook.com/portfolio/2016/1247032
Windwaker Windwaker
It alla depends from GBPUSD, if cable break down GBPJPY will short way much down without retracing to 159, it's just a matter of correlation USDJPY shorted brutally and also GBPJPY , if GBPUSD resistance at 1.4525 will be broken I still have good chance with this trade
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