JLJ002500
Short

USDJPY-SELL set up. Excellent R/R. (Trade Active)

FX:USDJPY   U.S. Dollar / Japanese Yen
1D:

Active trade. Sell @ 109.563 SL=110.75, TP=106.48

A close above 110.62 would invalidate this trade and could indicate a buy. Close above 112 would definitely indicate a bull bias.

FYI - lower charts (4h or lower) still have ST             trend up. More conservative entry would be to wait till break of 109.30 and confirmation of move down. There is a possibility of USDJPY             retesting trend line resistance. If that occurs, a better entry could present itself.
Comment: Ended up combining a ST trade with this LT outlined above. Since the ST trade was focused on a quick move w/ quick profit, it was 9x's the lot size of the LT trade. I exited the ST with a 35+ pip profit.

The LT trade is still active, but i have adjusted my SL (see chart). With the SL adjustment, this trade will be profitable even if my SL is hit.



I will consider adding to my position if it pulls back ~110 after a reversal or bearish candle on 1hr chart. I would still consider this an aggressive entry point with a favorable R/R. I will also add at a more conservative entry which would be following Dn Trend confirmation on 1hr chart.
Comment:

To clarify: At current price up to 110.55, I will consider opening another ST trade (versus adding to my LT position) following a reversal or bearish candle completion on 1H chart.
Comment:

Entered another ST short trade. Using profits already gain to make this a "free trade". If trade goes against me and SL is hit, the cumulative trade will still be slightly net positive.
Trade closed manually: Closed trade. Cumulative net neutral trade.

Will reevaluate and wait for a better opportunity.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out