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    Trade Details: Half-Position of USD

    Uploaded by

    Imre Gams
    The document provides details on opening a short position in the USD/JPY currency pair using a sell stop order at 107.2, with a stop loss of 108.225 and a profit target around 105.10. For a half-position trade, this represents a risk of around $51 with potential profits of around $105, for a reward-to-risk ratio of over 2 to 1. The trade is being opened as USD/JPY is sitting at an important short-term support level that may break lower, allowing entry via the sell stop order. Instructions are provided on how to place the trade using various trading platforms.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Trade Details: Half-Position of USD

    Uploaded by

    Imre Gams
    124 views4 pages
    The document provides details on opening a short position in the USD/JPY currency pair using a sell stop order at 107.2, with a stop loss of 108.225 and a profit target around 105.10. For a half-position trade, this represents a risk of around $51 with potential profits of around $105, for a reward-to-risk ratio of over 2 to 1. The trade is being opened as USD/JPY is sitting at an important short-term support level that may break lower, allowing entry via the sell stop order. Instructions are provided on how to place the trade using various trading platforms.

    Original Title

    USDJPY OPEN

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    The document provides details on opening a short position in the USD/JPY currency pair using a sell stop order at 107.2, with a stop loss of 108.225 and a profit target around 105.10. For a half-position trade, this represents a risk of around $51 with potential profits of around $105, for a reward-to-risk ratio of over 2 to 1. The trade is being opened as USD/JPY is sitting at an important short-term support level that may break lower, allowing entry via the sell stop order. Instructions are provided on how to place the trade using various trading platforms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    124 views4 pages

    Trade Details: Half-Position of USD

    Uploaded by

    Imre Gams
    The document provides details on opening a short position in the USD/JPY currency pair using a sell stop order at 107.2, with a stop loss of 108.225 and a profit target around 105.10. For a half-position trade, this represents a risk of around $51 with potential profits of around $105, for a reward-to-risk ratio of over 2 to 1. The trade is being opened as USD/JPY is sitting at an important short-term support level that may break lower, allowing entry via the sell stop order. Instructions are provided on how to place the trade using various trading platforms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    AKT Trade Template (Position Open)

    SL: Sell a half-position of the USD/JPY pair using a sell stop order at 107.20
    Dear Reader,

    Today we’re opening a new short position in USD/JPY. Find the trade details
    below.

    Trade Details

    Sell a half-position of USD/JPY using a sell stop order at 107.2

    Use a stop loss of 108.225

    Look to take profits around 105.10

    With this trade, we're risking about $51 (assuming you trade $0.5 per pip with the
    half-position). This risk level is the difference between the entry price and our
    suggested stop loss. In return, you have the chance to make about
    $105 (assuming you trade $0.5 per pip with the half-position), if the trade hits our
    profit target.

    In other words, the potential reward on this trade is nearly 2.06 times your
    level of downside risk, which is the profit potential of 206% of your capital-at-
    risk.

    Now, a few words on why we're making this trade today…

    USD/JPY is currently sitting on an important short-term support level. If we break


    the support level we expect a swift break lower that may make it difficult to hop
    on board using our normal market order entry. Therefore, we are using a sell
    stop order in this case. Once price fills the sell-stop order, our trade will be active.
    When we talk about “big trades,” this is exactly what we mean.

    Placing the Trade

    If you’re new to Forex trading, follow these instructions…

    In your trading platform look for the currency ‘pair’ we’re trading.

    Details on the currency pair to trade, the take-profit, and stop loss levels
    are in the box above.

    Once you have found the currency pair, click on it to select an order ticket.
    Depending on your trading platform, the order ticket will appear after you click on
    the currency pair, or you may have the option to right-click on the currency pair
    and then select ‘open ticket’, ‘order ticket’, or something similar.
    After opening the ticket, you will have the choice to buy or sell.
    Then you need to select your trade size and the level of margin you’re
    comfortable with.
    You will then also enter your take-profit and stop loss levels.

    If this position reaches our stop loss level, we’ll recommend closing it out for a
    small loss and moving on to the next trade. If the pair reaches that level before
    you hear from us, however, and your stop-loss has not automatically
    triggered, don't wait – go ahead and close your position.

    If this position reaches our take-profit level, we’ll recommend closing it out for a
    profit. We’ll send you an alert with instructions on what to do once it gets to that
    level. If the pair reaches that level before you hear from us, however, don't
    wait – go ahead and close your position. It’s also possible that we may take a
    full or partial profit before it reaches our take-profit level.

    If you’re just starting out trading forex, you shouldn’t risk more than you’re willing
    to lose. In general, the amount you have at risk will depend on the trade size per
    pip, and how far away you’ve placed your stop loss order.
    Leverage is a double-edged sword. It can help you to magnify your gains, but it
    can also magnify your losses. Never trade with more than you can afford to lose.
    If you’re a more experienced trader with a larger trading account, you can
    consider using a higher level of leverage. But again, never trade with more than
    you can afford to lose.
    But no matter how much leverage you use, make sure that in the event of a loss,
    your leveraged position will not wipe out a significant portion of your account. No
    trade should wipe out more than 2% of your account, based on our stop
    loss recommendation.
    That’s all for now. Keep an eye on your inbox for my next big trade idea.
    Regards,
    Andy Krieger
    Editor, Andy Krieger’s Big Trades
    P.S. If you have any questions about placing this trade that aren’t covered by the
    materials linked above or our FAQ, please write your question in to
    [email protected].

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