USDJPY:Short at 0.618RET Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Nov 17, 2016 6:35 AM

The market has broken out the upward trendline and the starting point of last rise and the pullback is coming.
So it is good to sell at the 0.618RET where also the previous structure works.
Entry at 109.3
SL:above 109.7
TP1:108.5
TP2:107.7 and forther more

Trade active

⋅ Nov 17, 2016 7:47 AM

Trade closed: stop reached

⋅ Nov 18, 2016 12:39 AM

USDJPY 0-618

Comments

yihett321

⋅ Nov 17, 2016 7:49 AM

I did it as well. We will see what will happen

AdamHong

⋅ Nov 17, 2016 7:52 AM

@yihett321, thanks for your attention.

yihett321

⋅ Nov 18, 2016 12:43 AM

@AdamHong, is this because tp1 is too far?

AdamHong

⋅ Nov 18, 2016 12:46 AM

@yihett321, Maybe you are right,but I have taken half profits already.

yihett321

⋅ Nov 18, 2016 12:55 AM

@AdamHong, good. Since we looks like using same system, I am wondering what is the winning percentage.

AdamHong

⋅ Nov 18, 2016 1:05 AM

@yihett321, I don't think t he winning percentage is not the only one factor,profit and loss ratio is the most important.