Thursday, August 9

Breakout Play

Got filled on CADJPY yesterday @ 78.745 and moved the stop today @78.31 lowering my risk on this breakout play.


Upward Push

Also, got filled on USDJPY long @78.545 stop loss was moved @78.19 to lower risk. You can see the upward push several times rejecting the trendline originated from a strong support.


Update Friday, August 10:
The market came back and took a chunk of my profit on CADJPY got stop at 78.80 for +3
Fortunate enough that I've previously moved my stop loss on USDJPY. I'm out at 78.38 for -11

In hindsight my instinct was correct I've should have took the money on both of these trades yesterday morning instead I've decided to see how it will unfold. No regrets just expressing that if you have been with the market for a while you'll develop some form of instinct or feelings. It is not perfect nothing is however it keeps you safe more often than not. have a nice weekend.

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