Stay aside when you are uncertain

FX:USDJPY   U.S. Dollar / Japanese Yen
In less than an hour's time, the central government of Japan will release its interest rate policy. 99.99% I am certain they will remain negative 0.10% as the current rate. This is a path of no return and the government will continue to print more money to prop up its economy.


I am of the opinion that with the current prices in most indices globally, the need for a correction is required. Of course ,I could be wrong as I had in many instances. The price could also proceed to break out of the resistance at 109.682 and move higher.

So, in this case , what do you do ? Wait for either breakout or breakdown and then decide which side to take on. If you still feel uncomfortable, stay away from this trade and move on to something else.

The need to trade can be loaded with pressures sometime but I have since understand a few things.
1. It is much like being in the storm. You can't avoid it but embrace it and decide there and then what you need to do. Standing on the edges make you sharper and more focused which is a good thing in trading.

2. Goals - Do you have a daily goal to hit ? Say XX amount or X% per day ? If yes, then this may be important that you pick the right trades !

3. Homework - Do your homework early and not during the eleventh hour. That clouds your decision and may lead you to make impulsive decision, merely pulling the trigger to ease the pressure without considering all possible options.

Trade safely .
Comment: congrats if you had short . Praise the Lord.


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