KVE

USD/JPY: Breakout strategy on to a bat or AB=CD?

FX:USDJPY   U.S. Dollar/Japanese Yen
135 0 5
a year ago
The chart should explain itself.

I will trade the breakout of the horizontal range after confirmation and will set buy and sell orders for both the AB=CD and the bat. If one is triggered the other will be deleted.

a year ago
Trade closed: stop reached: Closed the short prematurely (didn't get the good entry as on the chart though...) and so didn't maximize my profits...

The long order was triggered but SL reached very quickly...

Still in profit globally due to the short, but it could have been better...

In hindsight: should have added shorts at the bounce of the horizontal resistance, but I didn't so...
a year ago
Order cancelled: Don't forget to close the pending order on the bat!
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