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UPDATE #2:TRADE: USDJPY: SELL@121.632 TP1 + 2 Hit (+313 pips)

FX_IDC:USDJPY   US DOLLAR / YEN
394 2 12
Prices have now hit both the TP1 and TP2 of this trade for a combined profit of +313 pips. . Looking at the price action             , I think it is wise to be more cautious and so now I will close another 50% of my remaining positions on this trade and let only 1 of my original 4 positions go for the longer term but using a trailing stop of 50 pips (>20% of profits) on that one position in case prices do reverse.

I'll bank the +313 pips on the first 3 positions I had open on this trade.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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thanks very much for your posts....!
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You're welcome! Hope it helped you!
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