FNTP: USD/JPY Small retrace, then long for several days

"From Noob To Pro Trader"-series: another test case and prediction from a complete noob :D. My mission is to become a better trader by making solid predictions. Then, learn form my mistakes and enjoy the times I was right.

I predict that, when the AO gives confirmation of a bearish market on the 4H level, we go down for a few hours, then we'll retrace from there and long for the next few days (bigger timeframe).

Any help & comments from pro's welcome!

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Zlecenie aktywne:

Entered short position:
- Vol: 0.1 BTC
- Leverage: 100
- Entry: 111.633
- Target: 110.60
- Stop: 112

Komentarz:

Changed stop to 112.20 (a bit less tight, and made it a trailing stop from this distance)

Transakcja zamknięta: osiągnięto wyznaczony cel:

Quite happy with the result of this trade. Everything went as expected. I could have put my profit loss a bit lower to make some more but I was unsure wether the downward move would get stopped by the consolidation zone at the center. In the end I made a gain of +94%.

I'm trading on the forex fiat markets using my bitcoins on 1Broker. If you like my "Noob To Pro Trader" series, sign up here: 1broker.com/?r=17598