USDJPY Bear Flag / Pennant / Continuation Pattern

12 lug 2017

I am a new Forex trader, I have spent many years in the stock market and have been studying and doing demos for years. I do not need to buy a 'system' or 'indicator' thanks. That being said , advice is welcome as is criticism if well intended. I do not give investment advice, I am not a professional. Trade at your own risk. I am already fully retired and this is my hobby and does not contribute to my lifestyle.
I already freed myself. May you be free as well.

The 'pole' of the flag is 78 pips, looking for 70 of those in this short trade. I am posting a little late, my first published idea. I already bought in at 113.257 for .25 lot or 25k, which breaks down to $2.25 per pip and risk of $56 for profit of $157 . This is about .5% of my initial account. I am also a very lucky man. Best wishes to you.

13 lug 2017

Nota

Stoploss still in place, price turning back down.

13 lug 2017

Nota

Testing my patience, however, "Trade the Plan". Still here.

13 lug 2017

Nota

Trade failed. It did not do as expected. Did not meet profit target or stop loss, Closing here at break even to re-evaluate conditions. Thank you for playing the game. See you next time.

13 lug 2017

Nota

Because I ca break even without a loss and seek a better trade, time wasted not withstanding. Thanks

17 lug 2017

Nota

After action report : I made a good choice, closing at break even. The trade would have stopped out and just a couple pips above my stop. That would have been a lesson. Although my profit target was eventually hit, the reason for the trade became invalid when the bear flag/pennant break below returned above and closed a candle above my entry. HAGO.