FX:GBPJPY   British Pound / Japanese Yen
103 4 6
It has been a great few weeks trading this pair.
I have started to open up my shorts scaling in from 142.057 - 139.376.
1st target is 129.591
2nd target is 128.179
do u think ..it will go more down?
Reply
dewpoint RajveerSingh
Hello Rajveer, apology, i have just seen your post, i was sure hoping that the next move was down, now confirmed, this now appears to be the start of the next move, which should see this head down even further in my opinion. good trading
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yeah I've seen one or two of you other posts, nice post! thanks for sharing! its been wild for certain, just wish I had captured more of it. Had some shorts yesterday early morning @ 141.79 and went to work, dunno why I didnt hold onto them :(
Reply
dewpoint KetogenicElijah
Thanks KE. Agree re holding onto them, hindsight is a great thing, but at times i also would take profits, or even partial profits when i feel i have did well, even short term, as this pair can turn around on you with a vengeance, so better to take profits and then look to re-enter, there is always another entry point.
Reply
dewpoint KetogenicElijah
Profit is profit, and it all is dependent on the risk and time you hold. I tend to hold longer term weeks/months, and that works more me in about 70% of my trades in terms of maximising bigger moves. In the end i can say that i very seldom get in and out at either the top or bottom of any move, just happy that i made some pips, small or big. never regret getting out too early, there is always another entry points to be found. good trading.
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