#GBPjpy ... the LONG and SHORT of it.
Two trades I'm eyeing for this new week...
The LONG: I'm currently in this position from Friday - one at 145.00 and added at 144.80. Targeting 146.00
Then will flip that...
The SHORT: Will enter in and around the 146.00 levels, targeting 144.00 and slightly under.
I'll reassess once these moves take place or look for clues that would negate this plan. Those 2 trades alone will net 300 pips, which would be a great week.
NOTE: My stops on these charts are more mental stops than hard stops. I fully understand my risk and leverage accordingly so for some, the draw down may be too much, for me it isn't; proper risk management.
The LONG: I'm currently in this position from Friday - one at 145.00 and added at 144.80. Targeting 146.00
Then will flip that...
The SHORT: Will enter in and around the 146.00 levels, targeting 144.00 and slightly under.
I'll reassess once these moves take place or look for clues that would negate this plan. Those 2 trades alone will net 300 pips, which would be a great week.
NOTE: My stops on these charts are more mental stops than hard stops. I fully understand my risk and leverage accordingly so for some, the draw down may be too much, for me it isn't; proper risk management.
Operación cerrada manualmente:
The LONG trade has been closed.
With a position at 145, then at 144.80, and a final one added at 144.30, the trade was closed out at 145.85 overnight (US time).
Total pips accumulated on the up move closed out for 330+ pips.
The SHORT trade has not been executed yet (and may not).
With a position at 145, then at 144.80, and a final one added at 144.30, the trade was closed out at 145.85 overnight (US time).
Total pips accumulated on the up move closed out for 330+ pips.
The SHORT trade has not been executed yet (and may not).