mhussac
Long

USDJPY: Spike Base Long New Buy Limit

FX:USDJPY   U.S. Dollar / Japanese Yen
This trade is linked with the other USDJPY:

I've palced a different buy limit entry with some adjustments to the trade management - Bias / Setup is still the same (LONG) as mentioned in the previous idea.

Trade Management:
- 2 Trade entries (instead of 1) @ 100.18
- Stop Loss is 99.84
- 1st TP is @ 101.065
- 2nd TP is @ 101.405
- SL will go to Break even after 1st Target is hit

Let's see how it goes...
Trade active: Trades entered @ 100.20
Trade active: Price moving in my direction....
Trade active: Half the trade has been closed other half is SL is going B/E
Comment: Market gap up on open
Highly likely the gap will be closed up
Hence the reason for taking half profit off the table and moving SL to breakeven
Trade closed manually: Some profit made from trade
More importantly NO LOSS through active trade management
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