Sold USDJPY. After the third tap to the trend-line awaited break and re-test. 65 pip trade stop loss being 35 pips. If this hits my take profit a risk to reward ratio of 1 : 1.85 will be achieved.
@enamulh, yes. I will be moving my stop loss to my entry soon and let the trade run, however I do not see it going much past 107 just yet. Will look at buys around that area
enamulh
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@joerenshaw, ok thanks for that. my entry is 107.062. What should I do about that?
ixndre
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@enamulh, Hey, if you are interested in learning to trade like the smart money, DM me always happy to help! Check my ideas posted today for some confirmation. I have had this account for a few years but never thought to post but I will be keeping it somewhat updated with trades. Aim for 20% a week :)
joerenshaw
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@enamulh, are you in a buy currently? As of right now Yen is the strongest pair giving an extra confluence to this trade. If you are concerned about your trade always move stop loss to entry to protect your capital and await a better entry.
enamulh
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@joerenshaw, I'm currently in a sell that I set on Tues. Of course last two days it has been bullish, but just wondering should I keep my entry as it is or will there be price reversal do you think and if so when?
joerenshaw
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@enamulh, DXY opened weak today at New York open but last hour had a surge and I was taken out of UJ at entry. I think if 107.0 for a sell is slightly off. Did you not use a stop loss?