USDJPY: Yeah, Stopped-out and Going Long Again
My previous long on USDJPY was stopped out on today's spike down. However the price retreated again higher, found strong support and formed a hammer candle with a major lower shadow..The USD continues to show renewed buying demand across the board.
I have to admit, It's mentally hard to re-enter on the same pair after being stopped out. However, challenging your emotions for what you see is necessary to remain on top shape as a trader..
Wish me luck on this one, wasn't an attractive week.
Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
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facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
I have to admit, It's mentally hard to re-enter on the same pair after being stopped out. However, challenging your emotions for what you see is necessary to remain on top shape as a trader..
Wish me luck on this one, wasn't an attractive week.
Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
------------------------------------------------------------------------------------------------------------------------------------------------------------
twitter.com/thefxchannel
facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
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