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
feedback@andykriegertrading.com.