USDJPY Long - Trend Continuation Trade
Optimising Stop Loss Placement in case of premature stop out.
Trend Continuation Trade
1. Price above 200 MA
2. Weekly uptrend
3. Nice bullish build up candles on H4
5. Price above 2 short term MA's
6. Trend following indicator confirmation
7. Liquidity grabbed from the order blog multiple times
8. 2% Risk, 4 positions per 0,5% - different stop loss placement of each trade, trying to prevent getting stopped out prematurely before trend raid.
9. Multiple profit targets (different R:R Ratios) min. R:R 2:1
10. Trailing stop loss and scaling out at levels if there is reaction and possible reversals.
Important levels above:
- 155.000
- 155.500
- 156.000
Upcoming News on: Wednesday, Thursday and Friday
Objective #1: Not get stopped out!
Objective #2: Hold the trend, frequently realising profits and reducing loss size
Trailing stop with EMA (34)
Optimising Stop Loss Placement in case of premature stop out.
Trend Continuation Trade
1. Price above 200 MA
2. Weekly uptrend
3. Nice bullish build up candles on H4
5. Price above 2 short term MA's
6. Trend following indicator confirmation
7. Liquidity grabbed from the order blog multiple times
8. 2% Risk, 4 positions per 0,5% - different stop loss placement of each trade, trying to prevent getting stopped out prematurely before trend raid.
9. Multiple profit targets (different R:R Ratios) min. R:R 2:1
10. Trailing stop loss and scaling out at levels if there is reaction and possible reversals.
Important levels above:
- 155.000
- 155.500
- 156.000
Upcoming News on: Wednesday, Thursday and Friday
Objective #1: Not get stopped out!
Objective #2: Hold the trend, frequently realising profits and reducing loss size
Trailing stop with EMA (34)