TradingView
Technician
26 mar 2015 21:50

USDJPY: Yeah, Stopped-out and Going Long Again Long

U.S. Dollar/Japanese YenFXCM

Descrizione

My previous long on USDJPY was stopped out on today's spike down. However the price retreated again higher, found strong support and formed a hammer candle with a major lower shadow..The USD continues to show renewed buying demand across the board.
I have to admit, It's mentally hard to re-enter on the same pair after being stopped out. However, challenging your emotions for what you see is necessary to remain on top shape as a trader..

Wish me luck on this one, wasn't an attractive week.

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Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
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My best regards
Technician
Commenti
IvanLabrie
I think going long USDJPY is a bold move...good luck!
riskfirst
Good luck, I will be long after 50 and 200 on 4h, if PA
lazy.crown2
goodday technician! i just want to ask how to set 50day sma?
CryptoPAMM
I am with you on this, looking bullish now after I was kicked out of my other jpy shorts tradingview.com/v/JYuAbSbs/
No_more_Post
tradingview.com/v/VlVb7wkG/ I agreed and waiting to buy . ^^
Sakil_Mah
Wht can i do? Pleaee advice me buy or sell, i was sell 3pip 118.74?
Realisto_FX
Technician is long , however I´m short . If you are in the short side, place the stop @ 119.51 and see what happens. If you can´t sleep well because of this position, you are using a big lot size. Trade small .

Hope it helps
Realisto_FX
Another view to adjust stops, it looks like a bearish pattern forming
note.natrong
Hi Technician, Could you please explain the rejection between your graph and my graph. I think my graph still rejection with SMA 50 because the previous forth candle was rejection but then the three candle make me not sure the rejection.
Technician
Hi, you talking about gbpusd in your image
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