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GBPJPY Outlook 4/10

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Bullish on GJ, looking for entries assuming price chooses to hold bullish structure on the 15. Currently stuck in a range all of last week. Looking to see which side market takes first.

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Live sell orders placed into market following ODF breakdown after tapping 4hr POI.

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Market reacts favorably to analysis, SL moved to BE

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Full trade idea with TPs. Short term low must be taken during NY today. If not taken all positions closed before market close 4/11.

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Took a secondary sell, shown in image, was stopped out twice trying to add to position. closing the day with significant profit, (3.2% secured, 4.7% running from beginning of day account balance.)

However, secondary entry could have been made without taking such losses. Price reacted off the sell POI, impulse down on the 1 min then returned to mitigate. That is when you should have entered, instead of a limit order at the POIs. Gave back 1.5% trying to add to position.

Analysis rating 9/10
Risk Management rating 6/10

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Second position stopped out by market spread during close.

Very annoying to be honest. Lesson learned = completely close out any highly leveraged positions before market close, OR take profit and move SL to BE IF price has moved at least 30 pips from entry before market close.

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Was able to place my position back into the market while keeping risk down, all SL moved to this asia high, expectation is that Asia and LDN both decisively push down. NY is a coin toss, but will likely continue bearish before flipping if it plans to.

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Price gave me the opportunity so i threw another fat order into the market. looking for a big red 4hr candle during asia/ldn

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Current play of my GJ short position. This is all while keeping risk under 1.5%, taking profit, and using some of that profit to re-enter at areas that make sense, with a narrative, and at a time that makes sense.

This is how real R/R is extracted out of the market. Not by over-leveraging a single position, and praying to predict the exact turning point for a 500 pip move.

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