GBPJPY Trade (target hit)

GBPJPY Trade (target hit)

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One Response to GBPJPY Trade (target hit)

  1. FXTraderPaul says:

    Hi George,

    Nice trade set-up! You had technicals supporting the relative strength matrix. The entry and risk management was good enough.. My learning point would be on the targeting. Going for a 0.6R trade is not what we’re about. It doesn’t make sense. I know that your text states that you were worried about Syria – which becomes a personal risk to reward conversation. However looking for 0.6 isn’t really worth it. The GBP was strong and the JPY was weak. This was a trade to run until either a good target or till just before NFP the following Friday. I’ll send you an email with chart to show you.

    Like

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