USDJPY: Spike Base Long New Buy Limit
This trade is linked with the other USDJPY:
I've palced a different buy limit entry with some adjustments to the trade management - Bias / Setup is still the same (LONG) as mentioned in the previous idea.
Trade Management:
- 2 Trade entries (instead of 1) @ 100.18
- Stop Loss is 99.84
- 1st TP is @ 101.065
- 2nd TP is @ 101.405
- SL will go to Break even after 1st Target is hit
Let's see how it goes...
I've palced a different buy limit entry with some adjustments to the trade management - Bias / Setup is still the same (LONG) as mentioned in the previous idea.
Trade Management:
- 2 Trade entries (instead of 1) @ 100.18
- Stop Loss is 99.84
- 1st TP is @ 101.065
- 2nd TP is @ 101.405
- SL will go to Break even after 1st Target is hit
Let's see how it goes...
İşlem aktif:
Trades entered @ 100.20
İşlem aktif:
Price moving in my direction....
İşlem aktif:
Half the trade has been closed other half is SL is going B/E
İşlem elle kapatılmış:
Some profit made from trade
More importantly NO LOSS through active trade management
More importantly NO LOSS through active trade management
Highly likely the gap will be closed up
Hence the reason for taking half profit off the table and moving SL to breakeven