Lightwork_

USDJPY Short 1:1 RR Day-trade

Short
Lightwork_ Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Orders set. First trade of the day. Will see how it goes.
Check the RR tool for entry and stop numbers.
Trade active:
In. Always keeping an eye out for an early exit.

Trade active:
Moved stop to 138.520. Risk almost removed.

Comment:
Moved stop to 138.510 almost fully breakeven stop.

Comment:
Moved stop to 138.500. Fully breakeven. Letting it run now to the target or to 0.

Trade closed manually:
Closed for +0.38.
Price tapped our target, but due to spread it was missed by a fraction of a pip.
At that point the RR ratio skews greatly to the negative side, and it's much better to lock something, instead of letting it come to BE. All good.


On to the next one.

Lightwork_
Comment:
Once again a profitable managed early exit.
Price did reach breakeven point. So in that case our decision to close early netted us an extra +0.38. Not bad.


Lightwork Trading
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