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  • Gbpjpy: OB D1 MSB H4 Rto H4 Sms M15 MSB M15 Raid M15 Rto @17/04/2020 14:30-15:15

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    Remaketse Elia Lebotsa
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    1) The document discusses a long position in the GBPJPY currency pair entered on April 17, 2020 between 14:30-15:15 based on multiple time frame confirmations. 2) The trade targeted the previous 15-minute high and had a profit size of 67.8 pips (3R) with a stop loss of 22.6 pips (-1R). 3) The position was taken out at breakeven before moving in the desired direction, demonstrating the lesson to wait for candle closure at the risk level rather than wick before going risk-free.

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    [17.04.2020] GBPJPY

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    1) The document discusses a long position in the GBPJPY currency pair entered on April 17, 2020 between 14:30-15:15 based on multiple time frame confirmations. 2) The trade targeted the previous 15-minute high and had a profit size of 67.8 pips (3R) with a stop loss of 22.6 pips (-1R). 3) The position was taken out at breakeven before moving in the desired direction, demonstrating the lesson to wait for candle closure at the risk level rather than wick before going risk-free.

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    © All Rights Reserved
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    56 views4 pages

    Gbpjpy: OB D1 MSB H4 Rto H4 Sms M15 MSB M15 Raid M15 Rto @17/04/2020 14:30-15:15

    Uploaded by

    Remaketse Elia Lebotsa
    1) The document discusses a long position in the GBPJPY currency pair entered on April 17, 2020 between 14:30-15:15 based on multiple time frame confirmations. 2) The trade targeted the previous 15-minute high and had a profit size of 67.8 pips (3R) with a stop loss of 22.6 pips (-1R). 3) The position was taken out at breakeven before moving in the desired direction, demonstrating the lesson to wait for candle closure at the risk level rather than wick before going risk-free.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    GBPJPY

    Block OB

    D1 MSB H4 RTO H4 SMS M15 MSB


    Confirmations
    M15 RAID M15 RTO

    Date @17/04/2020 14:30-15:15

    Entry
    M15
    Timeframe

    Position Long

    Profit Size
    67.8
    (3R)

    Raid into
    LP

    Stop Size
    22.6
    (-1R)

    Win

    Before

    GBPJPY 1
    GBPJPY 2
    After

    Notes:
    Targeting previous 15min high to complete QM

    Now riskfree at 1R

    Taken out breakeven - no more trading (friday)

    GBPJPY 3
    Position taken out at breakeven before moving desired
    direction

    Lesson learnt: Wait for candle closure at 1R instead of


    wick before going riskfree.

    GBPJPY 4

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