USDJPY Short 2:1 RR

Woke up a bit late today and missed a trade that was just before this one.
(You can notice the swing and move down).
But it's offering another opportunity.

Note

Order set at 133.802 with 17 pip stop at 133.972

Note

**DISCLAIMER:
My style of trading is Day-trading. Average trade duration is 1 hour, median duration 29 minutes.
I NEVER risk more than 1% per trade. Risking more than that is disastrous.
Trading like that involves quick decisions based on fast candle developments such as 4M and 15M. Early exits is the norm. I post this information mainly for myself to guide my thinking process, but if you use it for your own educational purposes it's solely your responsibility of your trading. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice. **

Note

Moved order a tad higher to 133.793

Note

I meant lower*

Note

We move order lower yet again, and increases pip size from 17 to 23.

Order now at 133.749 and stop at 133.976 for 23 pip stop.

We do that because price moved further down giving a longer trade-geometry.

Trade active

Got tapped in at 133.749.

Note

Good 15M close. Waiting another candle.

Note

15M not good right now, but 1 more minute left till close.
If closes well we keep holding, if not - we're out.

Trade closed manually

Out for -0.60.

All good. Unfortunately we missed a profitable trade before that, but this one was still as per the plan.

On to the next one.

Lightwork_

Lightwork_

Lightwork Trading

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Lightwork_

Lightwork Trading

Also on: