I’m putting in my last forex trade update for the year! Re-entering USD/JPY’s uptrend was a good decision, as I was able to sneak in 1,260 pips.
Forex Trade Tweet: USD/JPY Uptrend Trade 2.0
In my last USD/JPY trade I mentioned that all positions got stopped out on a massive profit-taking. Fortunately, I had another opportunity to enter USD/JPY’s uptrend and take advantage of the Greenback’s strength.
Like in my last trade, I also added every 150 pips and manually adjusted stop losses almost every time the pair makes new highs. Here are the details!
Position 1 bought at 114.67: +552 pips
Position 2 bought at 116.17: +402 pips
Position 3 bought at 117.67: +252 pips
Position 4 bought at 119.17: +102 pips
Position 5 bought at 120.67: -48 pips
TOTAL: 1,260 pips, +5.17%
Overall I’m very happy with this trade and couldn’t see major things that I could have done better. Manually adjusting stops was helpful especially after USD/JPY had broken above the 120.00 handle because it was able to lock in the gains from the older positions.
What a great way to end the year! How about you? How was your last trade? 🙂