I bought GBPJPY the last week of August/ first week of September. I've been selling it all month, expecting it to hit 129.400 again (hoping price continues to fall past it as well, but well see).
68/69 trades have been closed in profit across two accounts. While taking profits on one account the other was left to run, so there are 7 active trades in drawdown, and 2 trades hovering in profit. since I don't us S/L's 132.340 is the resistance level I'm watching to determine whether I bail or try to mitigate losses. I'll get a warm and fuzzy feeling about my abandoned trades in drawdown if price drops below and rechecks 130.674.
At this point I'm just trying to close them all in profit, so that I don't take losses due to not paying attention, but overall I'm stoked about the ROI I've managed to rake in this month.
68/69 trades have been closed in profit across two accounts. While taking profits on one account the other was left to run, so there are 7 active trades in drawdown, and 2 trades hovering in profit. since I don't us S/L's 132.340 is the resistance level I'm watching to determine whether I bail or try to mitigate losses. I'll get a warm and fuzzy feeling about my abandoned trades in drawdown if price drops below and rechecks 130.674.
At this point I'm just trying to close them all in profit, so that I don't take losses due to not paying attention, but overall I'm stoked about the ROI I've managed to rake in this month.
Trade closed: target reached:
Took profit on all positions due to GBPJPY plunging to the depths of hell. Half of my positions hit my t/p at 129.400. The rest were running without T/P's so they went for the rest of the ride. Got the account out of draw-down and LUCKILY made much more than expected.