Technician
Long

#USDJPY: Simple Long Trade

FX:USDJPY   U.S. Dollar/Japanese Yen
3336 23 33
Update: Trade is active
Update Stopped out


Long on simple bullish breakout

  • Double bottom breakout and stability above the neckline
  • Near term falling trend line was taken
  • Could have completed a retest to the 50-days SMA before resuming overall bullish trend

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Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
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Technician
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Stopped out.
+1 Reply
MuathAlBulbul Technician
Would you go back in? Seems like 119.600 is holding!
Reply
Technician TOP MuathAlBulbul
The trade is still active on my trading account as i have closed this trade earlier and re-entered with different parameters.. (I dont usually do that, so this is an exceptional case) http://s11.postimg.org/ohe5qh3oz/Capture.png
-1 Reply
Technician TOP Technician
But didnt last, I was stopped out following retail sales.
Reply
sl (
Reply
Its on 119.68 , will it still go up all the way ?
Reply
Nice REJECTION so far, if this is sustained for few more hours, i think we might get a rally
+1 Reply
moneymaking Technician
Agree :)
Reply
Sam0101 Technician
121 is coming !
Reply
trade has failed right ?
Reply
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