USDJPY=LIVETRADE
Trade closed: target reached
Comment:
Great example of scaling into a position when worried about price moving rapidly in one direction without any position in play. We believe the USDJPY would continue lower, however we were not sure if it would retrace. Instead of missing out on the action altogether, we decided to scale into the position in tiers of 3 both at market, then two above market before the next potential leg down. If you review "scaling" or "win" category on our page, you will see these 3 trades grouped together.