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SimpleTradingTechniques
Jun 9, 2016 12:06 AM

GBPJPY - BEARISH Strategy  Short

British Pound/Japanese YenFXCM

Description


Go short the GBPJPY if it trades at 154.89 or lower. If triggered, place your stop at 158.03 and exit the position for a profit at 153.64 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely).

In this signal you don’t get the following:

1. How to identify the trade setup
2. How to identify short term trend
3. How to protect gains in your trade
4. Market deciding price exit for large moves in the market
5. Money management
6. Buy/Sell line which let you know when to buy or when to sell
7. Rules of gap opening

Learn the rules of a strategy visit udemy.com/make-consistent-profit-using-pullback-candlestick-strategy/?couponCode=STT and subscribe

Trade active

Trade closed: target reached

Standard profit target reached @ 153.64 so we take some profit here and await the market deciding price profit exit.

Comment

If you are trading for market deciding price profit exit, you need to move your stop loss and place it @ 153.73. This will lock in some pips while you wait for more pip move. Comments are welcome.

Comment

If you are trading for market deciding price profit exit, you need to move your stop loss and place it @152.41. This will lock in more pips while you wit for more pip move.

Trade closed: target reached

Market deciding price profit exit @ 151.08 with 382 pips in the bag.
Comments
extyleer

Analize very good , thank you and continue with your exelente work.
SimpleTradingTechniques
Thank you, just following some simple rules that make up my trading strategies.
LivingWild
Magnificent analysis. Thanks a lot !!!!!!!!!!!!!!!!!
SimpleTradingTechniques
You are welcome
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