USDJPY, straddling with unrealized profits and await breakout

On USDJPY, after I confirmed a double bottom at the KPPI38 line in 60 minute chart, I made a long entry at 105.850 (L1). After that, the price suddenly jumped up. But I thought it would be short-lived since there was no cloud trend, so I made short entry (S1) at the KPPI78 line with sell stop (106.554), It looked like fireworks.

After that, I did the “5tick withdrawal law”. The strategy is to keep minimum 5 tick profit of both positions by stop orders near the contract prices of both positions. And when the price breaks out, one stop order is hit and the profit of otherside position gains.

In this blog, I have no memory of trading with KPPI milestones like this, but this is one of my best strategies.

However, it is valid only when the distance of high and low KPPI levels are widen after rapid rally or drop. Use a long time chart longer than 60 minutes. It cannot be used with a short time.

Anyway,I made "anko patch" (straddling with unrealized profits) and waiting for breakout.

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