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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.

USD/JPY Uptrend Trade 2.0

In my last USD/JPY trade I mentioned that all positions got stopped out on massive profit-taking. Fortunately, I had another opportunity to enter USD/JPY’s uptrend and take advantage of the Greenback’s strength.

USD/JPY 1-Hour Forex Chart
USD/JPY 1-Hour Forex Chart

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? 🙂

XOXO,

Huck

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.