Hello again, everyone.
I've recently hit a losing run with my GBPJPY strategy. This is completely normal!
So I've since started decreasing the number of trades that I've been taking.
What I've seen over the last few trades, is that price tends to go in my direction after hitting my stop, which shows I'm entering too early and using a SL that's too tight.
I am...
The purple lines represent areas of price reaction. I anticipate that if price continues with bullish momentum, that it'll eventually hit the next area of significance (which is where the TP is set).
I have been trading this strategy for a few months now, and since the start of December I have made just shy of 35%.
I risk 1% per trade, usually in return for...
I entered this trade last Thursday.
As with my other trade ideas that I've shared on this profile, I used levels of structure to support my trade. This trade eventually went all the way down and hit my TP, which is very nice.
This was a 3% trade.
Not too long after our last trade, I executed a sell stop order for the short trade you see on screen.
This trade was a 2.5:1 RR, so not as big of a gain as last time.
As I've said in a previous post, anything above 2% is absolutely fine with me, so long as I only risk 1% per trade, which I have been doing religiously.
I wasn't too sure about this trade as I...
If you saw my post the other day, you'd have seen that I posted a GBPJPY trading idea.
Since market open last night, price reached my buy stop level, and then went on to hit my TP.
This trade was a 5:1 RR.
Not bad for a Monday morning...
Market conditions are a bit crazy atm, and volatility is definitely high within the yen.
You can either be on the right...
