How I Made More Than 15R On USDJPY 

Last Updated: July 25, 2019

By Rayner

If you have been following me, you will know I have been bullish on the Dollar for a while now.

I had an opportunity to long USDJPY on the 1 hour before FOMC. It was a range pullback setup whereby I simply long at support.

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After going long on the 1 hour, I forgot I had a buy stop order on the 4 hour. Rightfully, I should have cancelled the order since I just long USDJPY.

An honest mistake that came in my favor.

4-1

Then prior to BOJ press conference, I placed another buy stop order anticipating  a further breakout. (Decided to scale in since I was up about 10R here)

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After scaling in twice I’m currently up more than 15R on USDJPY.

And here are my current open positions going into the close of October.

pnl

Good Trading!

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