Chart and trades summary
(GBPJPY) Trade the Trend Journal 8 replies
My GBPJPY Trading Journal - Trading from level to level 23 replies
1MD Breakouts Journal - GBPUSD, GBPJPY, and USDJPY 0 replies
My journal Gbpjpy - No stop loss, no MM, your account is dead 0 replies
Mr.Y trading GBPJPY journal 18 replies
DislikedHi Chris,
When there is a big move in a given session, I'm looking for a consolidation or some kind of correction the next day. Markets tend to alternate between trends and then consolidations, consolidations and then trends. Market had been in a trendless mode for many days, and so a trend was due. A lot of pent up energy was waiting and released. Others will have other explanations, fundamentals, etc., etc.
Regards,
Greg...Ignored