USDJPY Short 1.4:1 RR

After banking on EURUSD we have a USDJPY trade lining up.
Ideally we'd have it break down further, but the pullback already started so we may still get a trade. Will see how it goes.

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Pullback isn't commencing. But, it's okay.

Order cancelled:

Order removed for now. Will update if price develops further.

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Reset order as follows. 9.5 pips stop.

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Pullback commencing.

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Once again - didn't yet get tapped in. Spread.
Waiting.

Trade active:

Now did. We're in.

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Being alert. Early exits are always possible.

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Good 4M close. Holding.

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Nice, moved stop to 140.300. Reduced risk by 80%.

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Good 15M close.

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Inching in.

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Not optimal. Holding though.

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Good close.

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Not the best 15M close. Getting some tingling that trade might not work out.

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Yet we closed below 4M50.
At this point just holding. Either little loss, or price will turn around. Closing now is premature.

Trade closed: stop reached:

Out for -0.19.
Not bad, not good. But overall good management.

Trade active:

Entering this USDJPY trade again Live without order as it seems it can make its move down now. Although this one is a bit riskier as price hasn't actually made its move immediately. So, we are super-tuned to exit as early as possible if it goes into negative territory. Will be updating this trade here too.

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Good 4M close. We need a quick push to the downside so that we can reduce risk as soon as possible.

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Price doesn't look the most optimal as EMAs are stacked against us.

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We break to 140.240 - cutting risk in half.

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This 4M closes similar as it looks now - we'll exit.

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Not similar. Still holding.

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Price is experiencing a mix of pressure from both sides. Wants to go down, but Long EMAs are pushing it up. We need some sort of break below lines to start the roll-over to the downside. Will we get it?

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If we at least get a firm 1M close over 200EMA, that would be nice too. As of now 1M only rejected 200.

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4M closed well.

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Good 4M close.

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Still paying very close attention for super-early exit if price even remotely does what I don't like it to do. So far it's acceptable.!!

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Another good 4M candle.

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The line in the sand is this 1M/4M downward sloping pattern-line.
We close above it - we are out.

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Downward pressure coming from it.

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Out -0.32.

All good.

Done for the day. +1.3 - 0.19 -0.32. Pretty good week overall nevertheless.

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