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motleifaul
Aug 19, 2014 12:25 AM

USDJPY Long

U.S. Dollar/Japanese YenFXCM

Description

Sometimes a new trend will begin. For now it is range trading with a little pressure to the upside.
Comments
motleifaul
So now, for me it is done. All the good profit has just been taken. The charts still looks bullish. But it's my principle to follow my targets and stopps defined at the beginning(exceptions appear however).
But why not -after a substantial retracement- enter into a new long position.
motleifaul
So, now 3/4 of the position are closed with profit. A last quarter remains open at risk.
motleifaul
Things developed fine, faster then expected. I am taking the second tranche of profit. Half of the position remains and expexts some more.
motleifaul
A first profit is taken now; remaining position still open.
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