I am short usd/jpy. On the monthly t f it is Bearish!
LiquidatorAlgorithm
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@fxxxxtrader, am short too but only temporary, max 200 pips.The market is changing way too fast to stay more than that in a single direction and still be profitable long term.If i can detect a trend change i will be out even with less than that.It all depends on what the market wants to do.I am a follower only.
LiquidatorAlgorithm
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@fxxxxtrader, If something is going to change i will update my ideea to cut losses as fast as possible.100 pips loss is only if the market doesn't change the direction but still hit my stop loss...but is a rare case.If can move more than 50-75 against, the direction is most likely compromised.