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piparmy
Apr 17, 2017 1:08 PM

GBPJPY Long Position Long

British Pound/Japanese YenFXCM

Description

Just placed a Long position on the GBP/JPY pair with a focus on the 1st Price target of 40 pips. The next 2 are on the table but the probability of a hit on those is not very strong...but we never know until we know...

Good Luck Traders

Comment

T1 or Target @1 has a 88.5 hit rate.

Trade closed: target reached

40 pips captured... Thanks traders

Comment

I will still watch these levels for another Long entry after a slight pullback. I will keep you all posted.

Comment

Looking at the 138.72 level for some Sell opportunities.
Comments
dumma67
Nice 40 pips , thanks .
piparmy
@dumma67, Your quite welcome. Are you planning on posting any ideas soon....to test what your learning.
dumma67
@piparmy, I hope i will do soon , i m still learning from the great setups like yours,thanks for sharing.
SamadeusM
Thanks a lot for your setups. Maybe you can fill trade active automtically?
SamadeusM
@SamadeusM, as well as traget reached, closed etc.
piparmy
@SamadeusM, I learned long ago to never automate on any platform..its too easy to be slipped, closed out..by a d-desk. Thanks for the tip anyway.
SamadeusM
@piparmy, or manuel is also good, Its just easier for the followers to get altertd on ativated trades in real time. Congrats for the trade. why confidence in target 2? it just broke heavy resistance
piparmy
@SamadeusM, Sure, I got ya.. Lemme look into that. as far as Target 2 goes..the percentage of it hitting falls dramatically down to 47.5%...its still on the table..but im not eager to lose on the 52.5 side of that percentage.
piparmy
@SamadeusM WOW..this really took off over the past few hours...its now +240 pips from the entry level. Rethinking my strategy here..looking now for some sell opportunities once it clears the next target level.
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