The pair has traced a consolidation pattern overnight, which has broken out to the upside this hour. If that breakout should fail by taking out this hour's low, it should be a good place to add to the short position. Equity will be lower at that point, so a size adjustment is required to keep the risk to only 1/2 of the open profits at the entry point.
Pending order (1): Short 3000 EUR/JPY at 134.87
Pending order (2): Long 1500 EUR/JPY at 133.87
Initial stop: 135.87
Initial exposure: 100 pips, $30.00 or 11.22% (of total equity at entry)
Current closed equity: $221.33
Current open equity: $247.45
Current position: Short 1932 EUR/JPY at 137.25
Current exposure: 75 pips locked in, +$14.33 r +6.92%
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment