After previous attempt on USDJPY we closed it early, but it seems to be decelerating now justifying a possible live entry.
We already entered at 133.750 with a 23 pip stop at 133.987.
As always 1:1 target is set as well as the overall target is set too.
We already entered at 133.750 with a 23 pip stop at 133.987.
As always 1:1 target is set as well as the overall target is set too.
Comment:
If we don't move down on this 15M candle and get a close somewhat like that or worse we are out.
Comment:
Previous candle closed well.
This one still chilling.
Waiting.
This one still chilling.
Waiting.
Comment:
Okay close.
Comment:
Good close and good 1H close.
Still holding
Still holding
Comment:
Not much going on. Holding.
Comment:
Good movement in our favor.
Comment:
I really like the 15M close and likely a 1H close in 10 minutes.
In these cases I often scale-in (when original trade is looking good, but then prints a faster setup based on a lower-timeframes).
I moved my stop to 133.810 (thus reducing risk from -1 to -0.25).
And entered a new Order at 133.750 with a stop at 133.810 (same stop as the original trade), but the sizing of this trade is not 1%, but 0.75.
Therefore, if both trades (the original and a scale-in) end up losing, I will still only lose -1.
The target in this case becomes the 133.626 (which is the -0.27 fib retracement of a new - quick move).
Will see how it goes, as price may not pullback anyhow.
In these cases I often scale-in (when original trade is looking good, but then prints a faster setup based on a lower-timeframes).
I moved my stop to 133.810 (thus reducing risk from -1 to -0.25).
And entered a new Order at 133.750 with a stop at 133.810 (same stop as the original trade), but the sizing of this trade is not 1%, but 0.75.
Therefore, if both trades (the original and a scale-in) end up losing, I will still only lose -1.
The target in this case becomes the 133.626 (which is the -0.27 fib retracement of a new - quick move).
Will see how it goes, as price may not pullback anyhow.
Trade active:
We are tapped in @133.750 with a scale-in.
Trade closed: stop reached:
Got tapped out unfortunately for a full loss -1.
It's alright, just gotta keep consistency going, and make ourselves available for a series of profitable trades whenever they come.
Also, remember, that there were a few trades that barely didn't pullback as that is also part of variance that my strategy is experiencing now.
All good.
On to the next one.
Lightwork_
It's alright, just gotta keep consistency going, and make ourselves available for a series of profitable trades whenever they come.
Also, remember, that there were a few trades that barely didn't pullback as that is also part of variance that my strategy is experiencing now.
All good.
On to the next one.
Lightwork_
Lightwork Trading