Holding onto the longs paid off, as the BUOB at a swing low proved that the support levels might hold, and subsequently there would be a chance of upwards movement. Final charts attached with possible trouble/exit points marked in blue. (Improving on exits will take a lot of experience & practise, and sometimes marking them after-the-fact does help in the learning process, as done in this case)
7-Oct entry, 9-Oct close
1. GBPJPY - Long 141.369, Closed 142.3
Result: + 0.503 R
Stoploss adjusted to 142.3 and hit, after TP of 143.4 did not hit.
2. EURJPY - Long 131.095 & 130.45, Closed 131.097 and 131.127
Result: BE and + 0.698 R
Threw caution to the wind and decided to close the 1st position at BE at 0000hrs GMT, for the 1st entry. Stoploss adjusted up and hit for 2nd position.
Note: stops were moved up and trailing stoploss used to auto-manage trades (after previous journal entry), before i managed to tighten stops at approx 0800 hrs GMT time.
7-Oct entry, 9-Oct close
1. GBPJPY - Long 141.369, Closed 142.3
Result: + 0.503 R
Stoploss adjusted to 142.3 and hit, after TP of 143.4 did not hit.
2. EURJPY - Long 131.095 & 130.45, Closed 131.097 and 131.127
Result: BE and + 0.698 R
Threw caution to the wind and decided to close the 1st position at BE at 0000hrs GMT, for the 1st entry. Stoploss adjusted up and hit for 2nd position.
Note: stops were moved up and trailing stoploss used to auto-manage trades (after previous journal entry), before i managed to tighten stops at approx 0800 hrs GMT time.