chris333
Long

Breakout 'A' Up Trade Continuation

FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
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.
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