OANDA:AUDJPY   Australian Dollar / Japanese Yen
As I look at the price move that just smoked my USDJPY position, I am looking at the other JPY trades I took today so I don't feel as bad lol. Seriously though, you can see how the other JPY pairs moved early and when it came time for reversal/pullback, it was the fastest one to dumpster dive. The JPY group also illustrates why I target 30 pips per trade. If letting it run, leaving a partial on there to run, blah blah blah it just doesn't work for me. I like to in and out then looking for the next opportunity for the very reason that shows in the charts. I don't just have open P&L I've locked in those 30 pips on CADJPY, AUDJPY, and EURJPY. +90 -70 = 20 pip net gain on JPY group. Green is still green which is better than red so I'll take it.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.