Dec 29, 2014 USDJPY Trades



Here is my USDJPY trade for 91.5 pips, with a roughly 50 pip stop, so I am a bit shy of 1:2 RR. The original target plan was 124 but I didn’t like it how price was leaning down so I closed the trade. Depending on the scenario I might get long again @ 120 but we will see whether the bears will keep going down or not.

Update: USDJPY 15 min.


Bought at 120.25 near support 120.20. Stop isn’t the most efficient one. Should have put a pending order in at support but oh well… Target I will decide later, depending on how the price moves. it might be 120.8 or it might be as high as 124. In either case, if it goes in my favor I should get at least 2 R. Update: Closed it early for +2 pips.

SpacePip’s TradingCave↓

Twitter: @cannamellia

Subscribe to my mailing list HERE




Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s