Trade Details: Half-Position of GBP

AKT Trade Template (Position Open)
SL: Sell a half-position of the GBP/JPY pair at Market Prices (132.88)

Dear Reader,
Today we’re opening a new short position in GBP/JPY. Find the trade details
below.
Trade Details
Sell a half-position of GBP/JPY at market prices. (At writing, 132.88.)
Use a stop loss of 136.45
Look to take profits around 12430.
With this trade, we're risking about $178.5 (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
$429(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 2.4 times your
level of downside risk, which is the profit potential of 240% of your capital-at-
risk.
Now, a few words on why we're making this trade today…
The pound has looked vulnerable since last week and with a continued shift to risk-off sentiment,
it appears as though GBP/JPY is ready for a fresh wave of selling. We have a fairly ambitious set
of targets to the downside that we are keeping an eye on. Accordingly, we have decided to sell a
half-position here (remember – what is a full vs half position for you is entirely dependent on
your risk tolerance and what you are willing to risk per trade). We will be looking to sell another
half position on either a rally or on further weakness.
Technically, we look poised to take another run at this daily support trendline. A strong break
through this trendline should lead to an acceleration to the downside.
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.

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What currency pair is being traded and what is the rationale for taking this position?

What are the instructions for placing this trade?

AKT Trade Template (Position Open)

SL: Sell a half-position of the GBP/JPY pair at Market Prices (132.88)

Sell a half-position of GBP/JPY at market prices. (At writing, 132.88.)

Use a stop loss of 136.45

Look to take profits around 12430.

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

Placing the Trade

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

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