FX:USDJPY   U.S. Dollar/Japanese Yen
53 5 3
I took a loss on this trade. There was plenty of opportunity to get a small amount of profit but I just didn't take it. When it broke below the support (see linked trading idea) I just got out at a loss. JPY pairs just trend way too much for me to be willing to hang on to until it turns around.

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JGSmith123
USDJPY Long
JGSmith123 about USDJPY 8 months ago
TradZ
8 months ago
Hang in there! I love JpY! Eur/Usd is very volatile which is why JPY became my favorite:)
Reply
JGSmith123 TradZ
8 months ago
haha, JPY is always the pair that I want to trade. :)

I think that I will just start looking for breakouts on it and ride the wave for a while. Is that what you do with it?
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TradZ JGSmith123
8 months ago
That is the best way:)
I also like to use Bollinger Bands as they assist with observing the whole structure
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JGSmith123 TradZ
8 months ago
cool. will probably start making that my JPY strategy. I just love trading off of obvious horizontal s/r levels. They are just so predictable.....except when JPY is involved. It just seems to trend and trend and trend and trend. which could be very nice. :)
Reply
TradZ JGSmith123
8 months ago
How did/do you learn the Forex market? I've took pieces 4rm many places BUT! Nothing like "TradeSmart" University:)
They give you a free 14day trial period so, take advantage. They help with making you feel confident in your trading
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