@Chimb0t LOLOLOL. To my mind, you sound just like bender, lol. But on a side note, Bas7 is the second person stating that usdjpy will fall to 99.000 area first before shooting up. I don't want that to happen, because I'm already on the long side. One of you will be right...Just hope its you.
@mukkaramali Hmmmm.... the eight (monday) is today (Sunday) for them isn't it? (I am in the US) But... yeah that is some good advice. News already turned one winner against me (but made two others even bigger winners!) So I may just close my position for now and re-enter later on. Or setup up an OCO and ride it down then back up? Cuz... that's money lying on the ground if you're right.
Congrats on your wins.... What I've thought of is I might enter one position an hour before the news and hold back on other targets, see how things turn out. If trade starts to go my way(long) then great. If it doesn't then I'll hold back until it drops down further, forming a little double bottom and then enter. That way my stop loss will be really small... But yeah I think it will most likely go long anyhow, Thats the plan....
Let it form a double bottom... that is good call too. I don't 'have to' close my position, just move the stop up to some place that is 'reasonable.' Let price action and news play out and form that double bottom. Either way, the market will decide for itself which way its going to go. It always does. I figured out long ago, you don't play games with the market. And if you do, you damn sure don't get to make the rules.