It’s tempting to chase a market that is accelerating – higher or lower – but from a trade and risk management perspective it’s best not to! The USD/JPY has gone parabolic in that the current price movement has accelerated to the point that the rally is more panic buying than an organized uptrend. Whether or not this is indicative of exhaustion as often a parabolic move will simply run out of steam and correct sharply lower is yet to be seen. Here’s how to handle these moves. The daily USD/JPY has maintained a strong uptrend and this can be easily seen in the consistent green GRaB candle and the “twelve to two ... (full story)