Get started
chris333

Breakout 'A' Up Trade Continuation

Long
U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
chris333 Updated   
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Pivot Points Chart Patterns Technical Indicators prudencetrade auptrade ACD Forex virtuestrading
7
0
trendanalysis pivotpoints chartpattern indicator prudencetrade auptrade acd forex virtuestrading
The 'A' Up trade is established based on our rules.
However since we have missed this initial move up, we will look for an entry based on a continuation of the move if the price breaks out above the previous high.
Trade closed manually:
30 Minutes has passed since market entry at breakout level. According to our rules we should exit since there is no follow through on the move. Sign up and see the rules.
Comment:
In this trade we incurred a small loss of approximately 5 pips. By adhering to the Time Stop Loss rule we were able minimize losses to a very small amount.
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.