TradingView
hope.bleecker
Apr 23, 2018 12:48 PM

GBPJPY Looking to hold support Long

British Pound/Japanese YenFXCM

Description

I am buying above 150.91 Looking to run toward resistance in the 152 area. It's been a very slow Sunday evening and Monday morning, but so far seems to be holding... I am tight stopping this one at .35 and going light on it until we get up above the downtrendline. Have a great Monday.

Trade active

Go Biscuit GO!

Trade active

I half off of this trade for 90 pips and am break even now.

Trade active

GO Biscuit GO! still holding into target I am pulling the stop north to 151500

Trade closed: target reached

I am taking one more off this at the target for 148 pips.. leaving two

Trade closed manually

I pulled an additional 20 pips this morning on these last two and closed out for 170 pips. All of these pound yens are closed as of now because I am looking at some yen reverals now. Thanks guys!!
Comments
Maxx_y
Nice!!
Tarekkhal
great job:) thanks for sharing
hope.bleecker
@Tarekkhal, thanks tons. This one behaved dollar waves dodging me a little today.
Sydneysky
Great trade!
hope.bleecker
@Sydneysky, Thank you very much.
Artes_
I am sorry, you went long above 150.91, assuming you sold at the top there 151.50-60 you would have had a MAX of 60pips. Is 90 pips a typo? Thanks for clarifying.
hope.bleecker
@artes333, two of them for 45... ie dropped half.. actually still runnin 3 but in my classes what we do is enter 3-4 and scale out at major resistances..
Artes_
@HOPE.bleecker, Alright, now is clearer. I don't multiply pips by contracts/positions. Size of the position is your personal style-choice. Trade is measured in points/ticks/pips regardless if the position is 1-10 or 100. Anyway, thanks for clarifying.
hope.bleecker
@artes333, Did you take it?
Artes_
@HOPE.bleecker, Started my week late at noon due to connection problems with IB. Flat.
More