USD/JPY Trade January 11, 2018









Live Trade Overview

A Teen Trader is an educational Site Only. Risk what you can afford to lose.

Today was my first school inflicted loss, HAHAH rip. I entered buys and was in plenty profit deep. Swear down, teacher gives a pop quiz right before USD news which fueled move down so i lost -9 pips today. I made it all back later in the day, that post will be tomorrow keep an eye out for it 😀

15m Time Frame

My Entry:

This was a very simple entry, we had a Retest of previously rejected support. After seeing a rejection doji candle (meaning the wick was longer to the downside indicating rejection, not continuation). SO i took buys after this candle. I was in around 10 pips of profit before i got occupied. Stop loss was hit from the news that was released. Unfortunate. But Affordable, not massive risk.

How to improve:

Drop out of school? aha just kidding of course, knowledge is very very important and I plan on never stop learning, where its in college or later. Never stop. Money comes and goes, knowledge and experience doesn’t. I didn’t notice until over viewing trade, but this was a bearish third touch if you zoom out. ALWAYS ZOOM OUT! Anyways, this was an unfortunate trade, it is what it is.

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This Post Has 2 Comments

  1. Hey how are I just wanted to know why that bearish third touch matters?

    1. Third touch is essentially the strongest touch of a trend line, so it is a very important thing to make sure you are aware of. And i failed to recognize that.

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