I got 99 problems but trading ain't one

Missed that wonderful opportunity

GBP/JPY
targeted risk:reward ratio = 1:7
eventual outcome = 1:3

GBP/JPY
targeted risk:reward ratio = 1:7
eventual outcome = -1 (-4 pips)




Overall performance for the day:

EUR/AUD - 1:1.3 RR (+10 pips)
EUR/JPY - 1:2.3 RR (+6.5 pips)
GBP/JPY - 1:3 RR (+9 pips)
GBP/JPY - (-1) RR (-4 pips)

Today's trades

GBP/JPY
targeted risk:reward ratio = 1:15
eventual outcome = 1:5.5 (+39 pips)

attached GBP/JPY

Short GBP/JPY
targeted risk:reward ratio = 1:12

Supplementary screenshot for the aforementioned GBP/JPY trade




Update: Half position closed for +5 pips, other half remains open with a 4 pips stop, if the candle low will not break, I'm calling it a day

Update #2: Stop loss hit, overall a Breakeven trade

Attached GBP/AUD

Targeted risk:reward ratio = ca. 1:5
Eventual outcome = 1:1.6 ca (+8 pips)

Overall performance for the day:

GBP/JPY 1:5.5 RR (+39 pips)
GBP/JPY Breakeven
GBP/AUD 1:1.6 RR (+ 8 pips)

End of day comment: Selling into the overall devaluing yen and aussie can be risky but rewarding with proper money management. For anyone interested why I exited the GBP/JPY and GBP/AUD trades: I was waiting for momentous breaks of the previous candle lows. May or may not happen still. Protecting one's capital is more important anyway.

Update: GBP/AUD breaking it now for anyone interested, too bad for me :-P

attached GBP/JPY
Targeted risk:reward ratio = 1:7
Eventual outcome = 1:4.7 ca. (+28 pips)



End of day comment: Overall not much movement today, and no promising opportunities except for this one, and EUR/JPY.
It can drop more, below the initial target if the momentum kicks in.

Update: There we go folks :-)

EUR/AUD

Fundamentals vs Techies?

EUR/AUD
targeted risk:reward ratio = 1:21
eventual outcome = -1 (-5 pips)

What I would conservatively look for on the 4-hourly and 1-hourly timeframes