xologeis
Short

GJ - Adding to a position based on PA

FX:GBPJPY   British Pound / Japanese Yen
39 0 0
The initial short was from the top zone (based of the 4H I posted earlier). All the other red arrows below the 1st are adds as price develops and retests previous areas of short term supply. Adding to positions as you lock in profit and maintain minimal risk while massively improving your reward vs your risk, landing up with 20 or 50 to 1 instead of 3:1 etc. If price should rush back and retrace too fast we get taken out for profit and no harm no foul. If it does not like in this case we just keep enjoying the ride and letting it work for us.
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