TradingView
KVE
Jan 5, 2016 9:48 PM

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

U.S. Dollar/Japanese YenFXCM

Description

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.

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...

Order cancelled

Don't forget to close the pending order on the bat!
More