【This Week's Trade Review】GBP/JPY October 25, 2021 - October 29, 2021 Result - Navi+ - GogoJungle | Auto Trading - Market Analysis

October had 6 wins and 5 losses, +16.7 pips.

1-hour chart

4-hour chart

【Market Result ①】
Entry (short) 10/26 12:18 GBP/JPY 156.742
Exit 10/26 15:59 GBP/JPY 156.996
Profit/Loss -25.4 pips

Judged as a support/resistance reversal and a wick reaching MA200. Entered short. A cross appeared and I thought it would drop, but it ultimately broke out and hit stop loss.

【Market Result ②】
Entry (long) 10/27 18:45 GBP/JPY 156.004
Exit 10/27 22:31 GBP/JPY 155.903
Profit/Loss -10.1 pips

A pinpoint hit at the 156.00 "00" line. Also a pinpoint hit on the 4-hour chart.
It rose temporarily but then fell, and a trailing stop triggered a forced stop resulting in a loss exit.

【Market Result ③】
Entry (long) 10/27 23:43 GBP/JPY 155.998
Exit 10/30 0:19 GBP/JPY 156.164
Profit/Loss +16.6 pips

Although it hit stop loss, I still believe the 156.00 line is acting as a resistance, so I re-entered long. It crawled upward within a range. Planned to hold until the weekend. Although unrealized gains exceeded 100 pips, I thought it might go higher, so I placed a slightly higher take-profit order and slept. When I woke up, there was a sharp drop after I had slept, hitting the forced-stop line and taking profits of only about 15 pips. _|￣|○

For the continuation and this week's overall assessment and market outlook,

FX Trading Diary - Earning with the "Idacchi" Method

EA that enters by placing a limit order at close: “OwarineDeEntry”

https://www.gogojungle.co.jp/tools/ebooks/29718